Worth offers a free, FDIC‑insured banking account that links renters' rent, utility and phone bill payments to automatically report on‑time payments to the major credit bureaus, helping users build credit within three to six months.
Funding
Funding not disclosed
Founders
Product
Problem
Renters, utility payers, and phone bill customers often lack a way to have their on‑time payments recognized by credit bureaus, leaving a large portion of reliable financial behavior invisible to lenders and limiting credit‑building opportunities.
Solution
Worth provides a free, FDIC‑insured banking account that links rent, utilities, and phone payments to automatically report each on‑time payment to the three major credit bureaus. The platform issues a secured Mastercard‑type prepaid card that, when funded, enables users to earn free unlimited talk, text, and data—effectively turning rent payments into wireless service credits. Credit scores typically begin to improve within three to six months as the reported payment history builds a documented record of reliability. Users can also boost wireless rewards by routing direct deposits or referring friends, all managed through a single mobile app without monthly fees or credit checks.
Target Audience
Worth targets renters and households that regularly pay rent, utilities, or phone bills and seek to build credit while reducing their monthly wireless expenses.
Features
- Automatic rent, utility, and phone bill payment processing with direct landlord payments
- Real‑time reporting of every on‑time payment to Equifax, Experian, and TransUnion
- Secured prepaid Mastercard that activates free unlimited talk, text, and data after the first rent payment
- Free FDIC‑insured deposit account partnered with Cross River Bank, no monthly fees
- Direct‑deposit integration that adds additional free wireless months
- Referral program granting extra free wireless months per successful invite
- Nationwide 5G wireless coverage with the ability to keep an existing phone number