Beyond Finance

Beyond Finance is a financial services company that offers personalized debt settlement solutions for consumers struggling with unsecured debt. Founded in 2016 and headquartered in Houston, Texas, the company negotiates with creditors on behalf of its clients to reduce their total outstanding debts, such as credit card balances, personal loans, and medical bills. One of its founders is Benjamin Schwan, who also serves as the Chief Product Officer.

The company's business model is performance-based, meaning it earns revenue through fees calculated as a percentage of the debt that is successfully settled, typically ranging from 15% to 25%. Clients do not pay upfront fees; instead, they make regular deposits into a dedicated, third-party managed savings account. These funds are then used to pay the settlements once an agreement with a creditor is reached and approved by the client. The typical program duration for clients to resolve their enrolled debt is between 24 and 48 months.

Beyond Finance primarily serves individuals across the United States with significant unsecured debt, often $10,000 or more. The company provides a mobile application that allows clients to monitor their progress and manage their enrolled debts. The firm is privately held, with Comvest Partners being a key institutional investor, having provided significant debt financing over several funding rounds.

Keywords: debt settlement, debt relief, financial services, consumer finance, debt consolidation, credit card debt, unsecured debt, financial planning, personal finance, debt negotiation, credit counseling, financial wellness, asset management, fintech, wealth management, investment strategies, credit facility, private equity, direct lending, financial freedom