{"id":801131,"date":"2022-06-16T19:00:05","date_gmt":"2022-06-16T17:00:05","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/new-fintech-paydownhero-aims-to-help-people-get-out-of-auto-debt-faster\/"},"modified":"2023-07-11T10:36:32","modified_gmt":"2023-07-11T08:36:32","slug":"new-fintech-paydownhero-aims-to-help-people-get-out-of-auto-debt-faster","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/new-fintech-paydownhero-aims-to-help-people-get-out-of-auto-debt-faster\/","title":{"rendered":"New Fintech Paydownhero Aims to Help People Get out of Auto Debt Faster"},"content":{"rendered":"

\nStartup to help pay off your entire car loan – Up to $50,000\n<\/p>\n

BOSTON–(BUSINESS WIRE)–#Budget2022to2023<\/a>–Paydownhero, a Boston-based fintech empowering consumers to pay down auto debt, today announced its debit card with 3% Cashback Gas Rewards<\/a> and 15% RoundUp Rewards, on track to launch this summer. The debit card will add cash rewards to users\u2019 round ups and give a helping hand to pay down car loans faster. Paydownhero\u2019s gas rewards will battle rising fuel costs with cashback to help users save even more. The startup is on a mission to reduce auto debt and to increase savings by supporting positive rewards. The debit card will enhance the current roundup app<\/a> that uses the spare change from your daily transactions and makes additional payments to your car loan. The roundup app is already available on iOS<\/a>, and Android<\/a>.\n<\/p>\n

<\/a>
<\/a><\/p>\n

\n\u201cCars are central to most families\u2019 lives. We aim to help users manage one of life\u2019s most costly ongoing expenses. Your car expenses shouldn\u2019t be a mystery. The experience of paying down debt, saving money, and enjoying the rewards should be frictionless,\u201d said Ken Sargavakian, CEO and co-founder of Paydownhero.\n<\/p>\n

\nThe startup aims to pay off the entire car loan for one new user, up to $50,000, and jumpstart a debt-free journey. Users can sign up for the Waitlist<\/a> at the company\u2019s website and qualify for early-access and a chance to say goodbye to their car loan. It\u2019s that simple. Users can climb the car loan pay off leaderboard and earn points by sharing a personal link and by referring friends to join the Waitlist.\n<\/p>\n

\n\u201cWe can\u2019t wait to give our customers cash to pay down more debt and put more money directly into users\u2019 pockets,\u201d added Erik Rueda, CPO and co-founder. \u201cThe debit card and cash rewards will help users manage the major expense of car ownership and anticipated developments will add even more features to support financial goals.\u201d\n<\/p>\n

\nThe car-loving company completed its second capital raise in late 2021. Mucker Capital, a Los Angeles-based Venture Capital firm, is the lead investor for its Pre-Seed round. Mucker Capital has a focus on software-based disruption. Paydownhero is working closely with partners to continually offer positive innovation to its customers.\n<\/p>\n

\nAbout Paydownhero
\n
Paydownhero was founded by two U.S. Army Veterans to help drivers pay down their car loans with a simple, automated solution. The two car enthusiasts are inspired to help people tackle lengthier and larger auto debt.\n<\/p>\n

\nAmericans owe a record-setting 1.4 trillion dollars in auto debt and climbing. Despite rising interest rates and inflation, vehicles should remain a critical part of life for many families. 85% of new cars are financed. The average new car loan comes with monthly payments of $600 over 6 years. Most people are forced to rely on any automobile financing that is available, to meet their needs.\n<\/p>\n

\nIntroducing Paydownhero. A convenient and easy roundup app<\/a> that securely connects your bank account to your car loan and then uses the spare change (roundups) from your daily transactions to make additional payments on your outstanding loan.\n<\/p>\n

\nDownload the existing round up app at the Apple App Store<\/a> and Google Play<\/a>. Join the waitlist<\/a> for the debit card with gas and round up cash rewards.\n<\/p>\n

\nFor more information, please visit www.paydownhero.com<\/a> and follow Paydownhero on social media.\n<\/p>\n

\nhttps:\/\/paydownhero.com\/rewards-debit-card\/<\/a>
https:\/\/www.linkedin.com\/company\/paydownhero<\/a>
https:\/\/twitter.com\/PayDownHero<\/a>
https:\/\/www.facebook.com\/paydownhero<\/a>
https:\/\/www.instagram.com\/paydownhero\/<\/a>\n<\/p>\n

Contacts <\/p>\n

\nInquiries:\n<\/p>\n

\nErik Rueda, co-founder
\n
(978) 500-2244
\n
erik@paydownhero.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Startup to help pay off your entire car loan – Up to $50,000 BOSTON–(BUSINESS WIRE)–#Budget2022to2023–Paydownhero, a Boston-based fintech empowering consumers to pay down auto debt, today announced its debit card with 3% Cashback Gas Rewards and 15% RoundUp Rewards, on track to launch this summer. The debit card will add cash rewards to users\u2019 round […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-801131","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"\nNew Fintech Paydownhero Aims to Help People Get out of Auto Debt Faster - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/new-fintech-paydownhero-aims-to-help-people-get-out-of-auto-debt-faster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Fintech Paydownhero Aims to Help People Get out of Auto Debt Faster - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Startup to help pay off your entire car loan – Up to $50,000 BOSTON–(BUSINESS WIRE)–#Budget2022to2023–Paydownhero, a Boston-based fintech empowering consumers to pay down auto debt, today announced its debit card with 3% Cashback Gas Rewards and 15% RoundUp Rewards, on track to launch this summer. 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