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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 aimed to turn subscriptions and rent payments into a path to built credit, evolving from a USC dorm-room idea to a tri-bureau credit product that helped people improve their credit scores nationwide. The project has since been acquired and is closing this chapter while hinting at future developments.
Altro offered a credit-building product that reports rent and subscription payments to credit bureaus to help users raise their credit scores. The product operated as a credit-building program where timely payments were accumulated into a score-raising mechanism, branded around a concept called the Altro 'Ticker' and aiming to deliver higher credit scores for users.
acquired; founder-led origin; announced closure of current chapter
Founder & CTO at Altro. Previously AI at Cape Analytics, Falkonry, and Dronesdash.
How Altro’s homepage introduced itself over the years — each line is the page title the web actually saw, linked to that moment’s archived capture.
Formerly “Hatch Credit”, “Perch”, “Perch Credit” · why startups rename →
Enabling consumers split the cost of purchases without a credit card
Building Chime for India
