The app works by making payments on your behalf for everything from your monthly rent to your electricity bills and your digital streaming subscriptions. The company essentially creates your accounts, pays your bills and then withdraws money from your connected account to pay themselves back. In essence, StellarFi takes on the risk that consumers usually have, enabling them to instantly report completed payments to credit bureaus.
This finance app offers three different subscription levels coming with varying degrees of options and services, ensuring access to a wider swathe of consumers.
Image Credit: StellarFi