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Altro
Free credit building service
- 21-100 employees
- Fintech
- B2C
- Payments
- Financial Services
- Chinatown, San Francisco, CA
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Company mission
Altro's mission is to bring financial power to all people.
Our take
For millions of people, building a good credit score can be extremely inaccessible. Altro solves this problem by allowing users to earn credit on things like rent and subscription services.
Altro, originally launched as Perch, addresses an all-too common problem with a simple and effective solution: it allows users to build credit scores simply by paying rent, or paying for services such as Netflix. Because of this, the company has drawn considerable attention and funding, including an $18 million raise in 22. Citigroup, SoftBank and Jay-Z's Marcy Ventures all participated.
Altro has gained impressive ground since its highly celebrated launch. The company's unique approach to one of the biggest financial challenges facing Americans today has set it apart. Altro is expected to scale at a rapid pace in the next five years.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 4 rounds)
Mar 2024
$4m
ANGEL
May 2022
$18m
SERIES A
Total funding: $24.7m
This company has top investors
Leadership
Michael Broughton
(Founder)Started out as a Scout at Sequoia Capital. Has been a Thiel Fellow since 2020, and is Vice Chairman of the Board of Directors at USC Credit Union.
Ayush Jain
(CTO)Previously worked as an Engineer at Falkonry and LavaLab USC, then moved to Cape Analytics' Computer Vision team. Was an Engineering Fellow at Kleiner Perkins.