What is SpenDebt?
SpenDebt is a financial technology company helping save millions of families from financial fatalities every time they swipe their debit card or have a banking transaction. SpenDebt’s application delivers small, micropayments (ex. $1.00) allowing consumers the ability to spend-and-payoff debt such as credit cards, electric bill, medical, etc. SpenDebt offers a software-as-a-service (SaaS) payment solution to support enterprise and business customers recovering payments, including arrearages. This payment solution aggregates the company’s accounts receivables from their end customers helping to increase on-time payments, prevent defaults and reduce charged off accounts; ultimately reversing write-off allowances to bottom-line profits.
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