Founded by Kyler and Ty'Lisha Summers, SpenDebt is a micropayment platform with a mission to help people live a debt-free lifestyle. The service works by linking a user's bank accounts and credit cards to the platform. As the user makes everyday purchases, SpenDebt rounds up each transaction to the nearest dollar and sends the accumulated "spare change" as an extra payment to a designated creditor, such as a student loan, car loan, or credit card provider. This automates the process of making small, consistent payments to reduce debt principal and interest over time.

Founded in

United States