“ReadyForZero’s online program reduces bank credit losses and lowers collection costs by helping average borrowers better understand, manage, and pay down their debts. By using real-time data about a person’s financial situation, ReadyForZero delivers personalized payment and behavioral recommendations that can immediately save people time and money while at the same time improving retention and reducing credit losses.”
Next this afternoon is ReadyForZero, a startup that works with borrowers to help them pay down their debts:
Product Launched: October 2011
HQ Location: San Francisco, CA
Company Founded: May 2010
Metrics: ReadyForZero has raised $4.7M in venture funding and has 6 employees. Active users are paying down debt twice as fast as others. ReadyForZero was founded by Rod Ebrahimi and Ignacio Thayer in the Summer of 2010 as part of Y Combinator. The site has received international media coverage since its debut 6 months ago and is helping its users pay down over $55M in credit card debt.
Presenting Rod Ebrahimi (co-founder & CEO) & Ignacio Thayer (co-founder & CTO)