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Altro (Acquired)

Build Credit With Your Subscriptions

Altro (altro.io) is a platform that enables members to build credit no matter who they are, where they are from, or their history of credit access/score. We serve the 68M people in the US (mainly Women and POC) who are denied credit due to historical bias and the lack of access that current banks provide to credit building and tools. (It wasn't until The Equal Credit Opportunity Act in the 1970's that Women and "Minorities" could even get fair access to credit)! Altro has created a mobile that allows anyone to have access to credit, using their subscriptions as a means to start building their credit score. Altro lends to members a $75 Line of Credit to pay for their subscriptions, such as Netflix, Hulu, HelloFresh, etc. This card is built to solely work on the subscriptions that the member is already paying for, allowing them to securely use their $75 credit to build their credit using things they are already paying for. Doing this empowers folx who were denied credit a way to start building their score and financial power. Altro will service millions of people in not only building their credit, but also gaining access to the tools (such as personal loans, emergency funds, car/house loans and more) that they could not access prior.
Altro (Acquired)
Founded:2019
Team Size:29
Status:
Active
Location:Los Angeles, CA
Active Founders

Michael Broughton, Founder

ALTRO
Michael Broughton
Michael Broughton
Altro (Acquired)
Former Founders

Ayush Jain

Founder & CTO at Altro. Previously AI at Cape Analytics, Falkonry, and Dronesdash.

YC Sign Photo

Company photo
Selected answers from Altro (Acquired)'s original YC application for the S20 Batch

Describe what your company does in 50 characters or less.

Help college students build credit fast & for free

How long have each of you been working on this? How much of that has been full-time? Please explain.

I have experimented with the student financial crisis since my freshman year and started working with Ayush our Sophomore year (9 months working together). Aside from being full-time students, we have seen exponential growth in the company in the past 3 months and have gone full time on this venture since.

What is your company going to make? Please describe your product and what it does or will do.

Our company is developing a mobile app that allows users to build their credit score using non-traditional data points, such as rent, Netflix, utilities and other recurring payments.

We do this by furnishing on-time payments from our users to the US Credit Bureaus. This data can be backlogged up to 2 years, allowing users to see a significant boost in their credit score in under 2 weeks. This is much faster than the 6-8 months it takes to build your credit using a credit card or loan.