Highline operates an intelligent payment network that enables consumers to automate payments directly from their paychecks. This network facilitates greater financial wellness for consumers by alleviating the stress of bill management. For billers and lenders, the system reduces expenses, lowers financial risk, and minimizes customer churn.
Funding
$17.5M 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.
JCFounders
Product
Problem
Many consumers struggle to manage bill payments effectively, leading to missed deadlines, late fees, overdraft charges, and the stress of constantly monitoring account balances. Traditional payment methods lack automation and reliability, creating financial burdens for both consumers and billers.
Solution
Highline provides a payment network that automates bill payments directly from consumers' paychecks using its proprietary Pay by Paycheck method. This system captures funds allocated for bills before the paycheck is deposited into the consumer's bank account, ensuring timely payments to billers. Consumers benefit from a "set it and forget it" autopay solution, eliminating the need to track balances and worry about late fees. Billers experience reduced churn and lower expenses by bypassing traditional payment processing rails.
Target Audience
Highline's primary customers include consumers seeking a more reliable and automated bill payment solution, as well as billers and lenders aiming to reduce expenses, minimize churn, and mitigate financial risk.
Features
- Pay by Paycheck: Automates bill payments directly from the consumer's paycheck.
- Split Payment Functionality: Creates a split payment during payroll processing, routing funds to billers before direct deposit.
- Automated Routing: Automatically routes allocated funds to billers for on-time payment.
- Consumer Autopay Solution: Provides a reliable autopay option, eliminating the need to monitor bank balances.
- Biller Payment Assurance: Ensures billers receive payments on time, every time.