Paydownhero Email Formats

Financial Services • Boston, Massachusetts, United States • 1-10 Employees

Key Contact at Paydownhero

Kenny Sargavakian

Chief Executive Officer

Company overview

Headquarters	Boston, Massachusetts, United States
Websites	paydownhero.com paydownhero.com
NAICS	52
Keywords	Cars, Finance, Advising, Technology, Automation, Savings, Fintech, Auto Loans
Founded	2018
Employees	1-10
Socials

About Paydownhero

The story of PaydownHero is a simple one. After returning from deployment in 2018, U.S. Army Veterans and car enthusiasts, Erik Rueda and Ken Sargavakian were inspired to embark on a new mission… Tackle the nation’s growing auto debt epidemic plaguing car owners from coast to coast across the united states. More Americans carry auto debt, and they owe more on their loans than ever before. As of 2018, Americans collectively owed 1.25 trillion dollars. An increase of 75% since the end of 2009. With soaring inflation on everyday items, record-high gas prices, and the exploding cost of owning a car, it was clear to the duo that the country has an unsustainable debt problem in desperate need of a solution. Introducing Paydown Hero. A convenient and easy-to-setup roundup app that securely connects your bank account to your car loan and then uses the spare change (roundups) from your daily transactions to make additional payments on your outstanding loan. The goal: to help car owners (not leasers, unfortunately) get out of auto-debit faster, cover their rising interest rates on their loans and put more money back in their own pocket.

Employees by Management Level

Total employees: 1-10

Seniority

Employees

C-Suite

Employees by Department

Paydownhero has 1 employees across 1 departments.

Departments

Number of employees

Funding Data

Explore Paydownhero's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2021-07-01	3	$359,300

Funding Insights

$359,300

Total funding amount

$359,300

Most recent funding amount

Number of funding rounds

Frequently asked questions

Paydownhero is located in Boston, Massachusetts, US.

Paydownhero was founded in 2018, making it 8 years old. The company has established itself as a significant player in its industry over this time.

Paydownhero has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Paydownhero has raised a total of $359,300 across 1 funding rounds. This investment has helped the company grow and expand its operations.

Key Contact at Paydownhero

Kenny Sargavakian

Chief Executive Officer

4.8

40,000 users