Altro, a groundbreaking credit-building and financial literacy app, has announced a significant expansion, now serving 47 U.S. states.
The app, which was previously available in just 10 states, facilitates credit history building through recurring monthly expenses. In its latest stride forward, Altro has introduced the Altro Credit Builder Card and launched an updated version of its app, Altro: Culture & Finance, with backing from Hatch Bank and Discover® Global Network.
To date, Altro has raised $22m, including a recent $4m strategic investment round featuring its celebrity supporters. The company, founded in 2019 by Forbes 30 Under 30 alum Michael Broughton, aims to democratize financial power by making it accessible to everyone, regardless of their credit history.
Altro’s innovative platform enables users to build their credit history by reporting payments for a broad array of recurring subscriptions. The introduction of the Altro Credit Builder Card, alongside the latest app update, marks a pivotal development in the company’s mission to empower users financially. The new app version encompasses a wider range of financial journey steps and introduces users to financial literacy content, networking, and educational opportunities.
In addition to the expansion news, Altro offers a glimpse into its community-centric approach with free and premium membership models. These models provide users with varying levels of access to financial education and tools designed to aid in credit building and financial empowerment.
Altro CEO Michael Broughton stated, Altro’s collaboration with Discover Global Network along with our expansion into 47 states marks a pivotal step towards our goal of democratizing credit-building for all. It is our mission to reshape the credit landscape and redefine not only what financial empowerment fundamentally means but also who has access to it.”
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