# Altro

> Altro is an acquired US consumer fintech founded by Michael Broughton and Ayush Jain in 2019. Originally Perch, it developed rent and subscription-based credit building, later offering a digital credit builder card through Hatch Bank and Discover alongside financial education and community programming. Its 2024 premium membership cost $9.99 per month.

- **Founded:** 2019
- **Headquarters:** Los Angeles, United States
- **Founders:** Michael Broughton (Co-founder and CEO (historical)), Ayush Jain (Co-founder and CTO (historical))
- **Products:** Perch / Altro App, Rent reporting, Altro Credit Builder Card, Altro: Culture & Finance, Financial literacy library
- **Notable:** Joined Y Combinator Summer 2020., Announced an $18 million Series A in May 2022., Reported a 200,000-person waitlist and a top-10 App Store appearance in its 2022 announcement.

## Products & services

- **Perch / Altro App** — Launched as Perch in 2020; initially offered no-cost credit building using recurring payments and financial education. Rebranded to Altro in May 2022.
- **Rent reporting** — Early offering reported rent; the founders’ acquisition letter says their first customers signed up for rent reporting. This should not be assumed to be part of the later subscription card.
- **Altro Credit Builder Card** — Digital subscription-focused revolving credit product launched in March 2024, issued by Hatch Bank on Discover Global Network, with reporting announced to Experian, TransUnion and Equifax. Premium membership was $9.99/month.
- **Altro: Culture & Finance** — 2024 app combining financial literacy, CONVOS interviews and community gatherings with paid access to the credit-builder card.
- **Financial literacy library** — More than 350 educational audio clips described in the May 2022 announcement.

## Achievements

- Joined Y Combinator Summer 2020.
- Announced an $18 million Series A in May 2022.
- Reported a 200,000-person waitlist and a top-10 App Store appearance in its 2022 announcement.
- Expanded the card offering from 10 to 47 US states in March 2024.
- Acquisition confirmed by the official website and YC company directory.

## Latest updates

- **2024-03** — Launched Altro Credit Builder Card and Altro: Culture & Finance; announced 47-state reach and $4 million strategic financing.
- **2025-08** — Broughton publicly announced that Altro had been sold and the founders had exited. This is the announcement month, not a verified closing date.
- **2026-10** — Research check: official website displays an acquisition farewell letter, and YC lists Altro as acquired.

## Links

- Website: https://www.altro.io/
- LinkedIn: https://www.linkedin.com/company/altro-app
- Twitter/X: https://twitter.com/altro_app
- GitHub: https://github.com/PerchCredit
- Instagram: https://www.instagram.com/altro_finance/
- Facebook: https://www.facebook.com/altroapp/

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Profile page: https://yespress.io/altro
Published by YesPress — https://yespress.io
Last updated: 2026-10-26