ATLANTA, Sept. 28, 2018 /PRNewswire/ -- Qoins is the prerequisite to the well-known apps Digit and Acorns. Qoins uses your spare-change from everyday transactions and automatically applies it towards your debt. Primarily focused on credit-card debt and student debt, Qoins has already helped pay off over $3 million worth of debt. Qoins, available both on iOS and Android app, just closed their first round of funding for $1 million. Along with the raise, they have also brought on the former head of growth for Acorns as a prominent advisor. Additionally, Qoins is doubling down on their mission, as they've partnered up with a local non-profit to help a family pay off $10k worth of debt next month!
How it Works:
Simply link your bank accounts and lender and Qoins does the rest. Every time you make a purchase, Qoins will round-up the transaction to the nearest dollar and save it in your Qoins account throughout the month. Once per month, Qoins will automatically apply the spare-change towards your debt as an additional lump-sum payment.
"Having graduated 2 years ago, I know the headache and stress credit card and student loans can have on someone. Our mission is to help alleviate that stress and continue helping people pay off their debts faster than ever."
- Christian Z. CEO
Qoins is now available in the U.S. via iOS and Android.
Qoins pricing models: Convenience fee of $1.99 per payment. The cool thing is we just deduct the fee from whatever is saved in your Qoins account when we send a payment out. If you do not send any payments out one month, you aren't charged!
Qoins has been featured on The Today Show, Clark Howard's show, and many other personal finance blogs.