The startup offers a financial platform that provides personalized debt consolidation and liquidation services, utilizing a digital account system to create tailored repayment plans based on individual payment capacities. This service enables customers with defaulted loans to efficiently settle their debts and access unsecured consumer loans with dedicated support.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals struggle with overwhelming debt from credit cards and personal loans, often lacking a clear path to repayment and facing high interest rates and collection efforts. Traditional debt relief options can be complex, difficult to navigate, and may not be tailored to individual financial situations.
Solution
DB Menos is a debt resolution platform that provides personalized repayment plans and debt negotiation services to help users reduce and eliminate their debt. The platform analyzes a user's debt and financial situation to create a tailored savings plan, often achieving up to 70% debt reduction through negotiation with creditors. Users make consistent deposits into a dedicated digital account, and DB Menos leverages these funds to negotiate settlements with creditors on the user's behalf. The platform also provides ongoing support and education to help users improve their financial literacy and avoid future debt issues.
Target Audience
The primary target audience is individuals in Mexico struggling with credit card debt and personal loans who are seeking a structured and affordable path to debt resolution.
Features
- Personalized debt repayment plans based on individual financial capacity and debt amounts
- Debt negotiation with creditors to secure discounts of up to 70%
- Digital account system for managing savings and tracking progress towards debt resolution
- Credit bureau consultation to understand the impact of debt resolution on credit scores
- Mobile app for convenient access to account information and support resources
- Educational resources, including a blog and podcast, focused on financial literacy and debt management