Altro
Altro, formerly known as Perch among other names, is a fintech company based in Los Angeles, CA, focused on empowering historically underserved communities with tools for credit building and financial education.
Company History
Altro, previously known by several names including Hatch Credit and Perch Credit, is a fintech company based in Los Angeles, CA, with options for remote work. The company participated in the Y Combinator S20 batch and is focused on enabling financial empowerment for all, particularly targeting the 68 million people in the US who have been denied credit due to historical bias.
Locations
Altro operates out of Los Angeles, California, and supports remote work options. The company serves users across the United States and offers a fully remote experience. This flexibility allows Altro to cater to a broader audience while maintaining a small yet dedicated team of 29 members.
Industry
Altro is positioned within the fintech industry, specifically focusing on consumer finance. The company offers innovative financial tools aimed at helping underserved demographics build credit. This includes personal loans, emergency funds, and specific lines of credit tailored for subscription payments.
Services
Altro provides a range of services aimed at financial empowerment. Key offerings include a mobile app designed to help users build credit through their subscriptions and financial education tools. The company offers a $75 line of credit exclusively for subscription payments, personal loans, and tools for obtaining emergency funds, car loans, and house loans.
Target Audience
Altro specifically targets women and people of color, as well as the 68 million individuals in the US who have historically been denied credit. By focusing on providing financial education and practical tools, Altro aims to empower these historically marginalized groups to build and improve their credit.
