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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What is Swipesum?

In 2016, a group of payment technology experts saw a broken system and an opportunity. The payments space, with its legacy merchant acquisition strategies, convoluted contracts, and complex patchwork of providers, left merchants frustrated. This $900B industry was ripe for innovation. So they set out to build a technology solution capable of meeting the rapidly evolving needs of today’s businesses, the Swipesum payments marketplace. To mark the new beginning of merchants taking control, our founding team called the business Swipesum – shining a light on the total cost of merchant services. They focused on building a frictionless, state-of-the-art platform that connects businesses with a network of providers and payment methods around the world, enabling businesses to have the upper hand in negotiations. Swipesum provides the best holistic solution at the best rate to grow revenue online and in-store with ease. After building the core technology, the advantages of working with a single partner to navigate the complexities of contracts and integrations began to be recognized. We currently save businesses millions in payment processing costs and show no signs of slowing down.