StellarFi offers a smart credit card designed to help users build credit regardless of their current score. The platform features tiered card levels that unlock increasing spending power and rewards based on responsible usage. Users benefit from AI-guided tips and tools to track progress and improve their overall credit profile safely.
Funding
$15.5M 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.
Founders
Product
Problem
Many recurring bill payments, such as rent, utilities, and streaming services, are not typically reported to credit bureaus, preventing individuals from building credit through these consistent, on-time payments. This lack of reporting disproportionately affects individuals with limited credit history or those seeking to improve their credit scores.
Solution
StellarFi is a platform that enables users to build credit by reporting their existing bill payments to major credit bureaus. Users link their checking accounts and add recurring bills to the StellarFi platform. StellarFi then pays these bills on the user's behalf using a virtual bill pay card, and the user automatically repays StellarFi. By reporting these on-time payments as a credit account, StellarFi helps users establish a positive payment history and improve their credit scores without requiring credit checks or incurring interest.
Target Audience
StellarFi targets individuals with limited or no credit history, as well as those looking to improve their credit scores by leveraging their existing recurring bill payments.
Features
- Virtual Bill Pay Card to pay recurring bills.
- Reporting of on-time bill payments to Experian and Equifax.
- Automated bill payment and repayment process.
- Ability to link multiple bank accounts and recurring bills.
- Credit limit reporting based on the dollar amount of bills paid through StellarFi.
- 256 AES security and digital tokens to protect financial information.