Trim, the leading financial health company, announced today that it acquired Debitize, a credit utilization and bill payment company.
Since its founding in 2015, Debitize has built proprietary software to automate cash flow management for consumers, especially credit card bill payments.
“Shockingly, only a third of Americans have autopay set up for their credit cards,” said Thomas Smyth, founder and CEO of Trim. “Debitize has created a remarkable experience that actually improves their customers’ financial health, enabling them to avoid late payments and optimize their credit scores.”
“With Trim, we can scale our fundamental value proposition to millions of users,” said Liran Amrany, founder and CEO of Debitize.
Trim will now have the opportunity to incorporate credit card bill payment as an additional feature, alongside subscription cancellation, bill negotiation, and financial health tracking.