Breakwater
Breakwater gives consumers control over recurring subscription payments by assigning each charge its own merchant-locked virtual card with a spending cap. Users link their bank, the AI identifies recurring fees, and freezing a card stops future charges with one click. The service is free to users, earning revenue from standard card network fees paid by merchants.
- Financial Technology
- Software Only
- Artificial Intelligence
Funding
Founders
Founder details are not available yet.
Product
Problem
Consumers often struggle to cancel recurring subscription payments, facing hold music, retention offers, and complex cancellation flows. This friction makes it difficult for users to end unwanted charges and maintain control over their spending.
Solution
Breakwater provides a platform that identifies a user's recurring charges and assigns each one a dedicated merchant-locked virtual card with a spending cap. Users link their bank account, and Breakwater's AI analyzes transactions to find subscriptions. Each subscription is then given its own virtual card, and users can freeze a card to stop future charges with a single click. This approach moves the cancellation friction to the initial setup, after which ending a subscription is simple and immediate. The service is free to users, with revenue generated from standard card network fees paid by merchants.
Target Audience
Primary users are consumers who want to manage and cancel recurring subscription payments without navigating complex cancellation processes.
Features
- Merchant-locked virtual cards that prevent charges from any merchant other than the designated one
- Spending caps per card that automatically block price increases or unexpected charges
- AI-powered detection of recurring charges from linked bank transactions
- Price-change alerts that notify users before the next bill when a merchant changes its charges
- One-click freeze functionality to cancel a subscription by declining the next charge