About Altro
Altro is a Financial Services company based in Los Angeles (United States) founded in 2019 by Ayush Jain and Michael Broughton. Fintech platform for credit repair and financial literacy is provided. It operates on a FinTech model. Altro has raised $24.65 million across 5 funding rounds from investors including Citi, Pendulum Holdings and Marcy Venture Partners. Altro offers products and services including Altro Credit Product. Its focus areas include Financials, Consumer Finance and Credit Services. Its competitors include Credit Sesame, Dovly and Bloom Credit; 3 of its 3 listed competitors have raised funding.
Company details
Altro is engaged in providing credit-building solutions by allowing users to report subscriptions and rent payments. The company operates in the financial services sector, targeting individuals seeking to improve their credit scores. Its nationally recognized tri-bureau credit product has been developed to support financial empowerment across the United States.
- Total Equity Funding$24.65M (USD)
in 5 rounds
- Latest Funding Round$4M (USD), Series A
Mar 2024
- InvestorsCiti
& 10 more
Products & Services of Altro
Altro offers a comprehensive portfolio of products and services, including Altro Credit Product.
Credit building through subscriptions and rent is enabled.
Funding Insights of Altro
Altro has successfully raised a total of $24.65M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.65M
- Total Rounds 5
- Last Round Series A — $4M
- First Round $150,000
(Aug 2020)
- Investors Count 11
All 5 funding rounds of Altro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $4M | Series A | – | – | – |
| May 2022 | $18M | Series A | – | Pendulum | |
| Jan 2021 | Seed | – | Citi Ventures | – | |
| Dec 2020 | $2.5M | Seed | – | Citi, Open Opportunity Fund | – |
| Aug 2020 | $150,000 | Seed | – | Y Combinator | – |
11 investors in total: 9 institutional and 2 angel.
Investors in Altro
Altro has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, Pendulum Holdings and Marcy Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in consumer businesses | marcyvp.com | San Francisco, United States | ||
Corporate venture capital firm backed by Citi | citi.com/ventures | San Francisco, United States | ||
Black Capital is focused on early-stage investments for underrepresented founders. | blackcap.vc | Sacramento, United States | ||
Financial and social capital is invested in visionary ventures. | concreterosecapital.com | San Francisco, United States | ||
Venture capital investments are directed toward multiple sectors. | theopportunityfund.com | Miami, United States | ||
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital. | vilcap.com | |||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Strategic investment and advisory platform services are provided to clients. | 2019 | pendulumholdings.com | Beverly Hills, United States | |
Diversified financial services are offered through commercial banking operations. | 1812 | citigroup.com | New York, United States | |
DQ Deborah Quazzo | unknown_8597e212e16e41e68 |
Investor details for Altro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Altro
3 people are tracked at Altro (3 in leadership).
| Name | Role | Group |
|---|---|---|
Ayush Jain | Founder | Leadership |
Michael Broughton | Founder | Leadership |
Nicole Vergara | Head Of Operations | Leadership |
Complete people profiles for Altro
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Timeline of Altro
3 dated milestones of Altro across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Altro is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Series A, of $4.0M.
Competitors of Altro
Altro has 3 listed competitors in our database, 3 of them funded. They include Credit Sesame, Dovly and Bloom Credit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| creditsesame.com | 2010 | Mountain View, United States | $161.08M | Personal finance management and price comparison of financial products | ||
| dovly.com | 2018 | Phoenix, United States | $5.85M | Credit reports are pulled automatically, disputes sent, and changes monitored. | ||
| bloomcredit.io | 2016 | New York, United States | $34.26M | Tools for credit repair and score management are provided. |
Detailed competitors of Altro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Altro
The website of Altro (altro.io) receives about 4K visits a month.
- Monthly visits4K
▲ 25.1% vs previous month
Websites whose visitors overlap most with Altro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
labusinessjournal.com | labusinessjournal.com | 100% | #337,403 | – |
Top companies in Alternative Lending
3 companies that operate in the same segment as Altro (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Altro
Complete news archive for Altro
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Frequently Asked Questions about Altro
Altro was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Altro is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Altro is a funded company, having raised a total of $24.65M across 5 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 2020.
Altro is engaged in providing credit-building solutions by allowing users to report subscriptions and rent payments. The company operates in the financial services sector, targeting individuals seeking to improve their credit scores. Its nationally recognized tri-bureau credit product has been developed to support financial empowerment across the United States.
Altro's top competitors include Credit Sesame, Bloom Credit and Dovly.
Altro offers Altro Credit Product.
Altro has 11 investors. Key investors include Citi, Pendulum Holdings, Marcy Venture Partners, Citi Ventures, and Black Capital.