SpenDebt

SpenDebt

Origin: TX | Grant Awarded: 2018 | Status: Active

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What is SpenDebt?

SpenDebt is a financial technology company using small, micropayments with every banking transaction to improve consumer’s financial health. SpenDebt is on a mission to save one million Americans from financial fatalities every time they swipe their debit card or have a banking transaction. The company offers a simple way for consumers to pay down account balances and provides businesses an alternative payment solution to empower consumers to break down larger payments into smaller payments; allowing them to pay throughout the payment period.

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Company Leadership

Kiley Summers

Co-Founder & Chief Executive Officer

SpenDebt’s Founder/CEO, Kiley Summers is a man of faith, husband, and father. Also, he is an Electrical Engineer from the Missouri University of Science and Technology. He has 8 years of experience working with a fortune 100 company as a Manufacturing Engineer and Business Unit Leader. His experience covers leading people, processes, and technology to produce premium products. He has led a successful $62 million automated warehouse startup, 4th in company’s history at that time. Mr. Summers founded SpenDebt after his family and he paid off $100,000 plus of debt.

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Ty’Lisha Summers

Co-Founder

As Co-Founder of SpenDebt, TyLisha brings more than 10 years experience working for a Fortune 500 company. Using her analytical skills, she created the first simulation to prove out SpenDebt’s micropayment concept. Along side her husband Kiley, they became debt free and developed a platform to help others achieve the same!

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