# Rightfoot

> Rightfoot is a San Francisco fintech that gives lenders real-time, credential-less financial data - live bank and debit-card balances retrieved without asking borrowers to hand over bank logins. Its API and portal let lenders and collections teams verify account ownership, confirm a borrower can actually pay, and time outreach to when money is in the account, cutting failed payments and defaults. Founded in 2016 and originally an employer-enabled student-debt repayment tool, the company pivoted to permissioned data infrastructure and now serves consumer lenders, business lenders, and collections agencies.

- **Founded:** 2016
- **Headquarters:** San Francisco, California, United States
- **Founders:** Danielle Pensack (Co-Founder & CEO), Deirdre Clute (Co-Founder & COO), Will Schmitt (Co-Founder & Director of Engineering)
- **Team size:** ~14 employees
- **Products:** Rightfoot Balance, Connect Magic, Rightfoot Collections Portal
- **Notable:** Named to CB Insights' 2023 Fintech 100 (most promising private fintech companies)., Raised a $15M Series A in August 2023 led by Blue Lion Global and Renegade Partners., Reported customer results including a jump from ~10% to 29% collections recovery rate (Check City).

## Products & services

- **Rightfoot Balance** — Credential-less, real-time account balances from bank accounts and debit cards, delivered via API or a secure PCI-compliant portal with no borrower login required. Used to verify account ownership, confirm funds before disbursement or ACH pull, and prevent failed payments.
- **Connect Magic** — A zero-login, consumer-permissioned data product that surfaces up-to-date bank and credit data (balances, deposits, withdrawals, credit card balances) using basic customer information a lender already has on file, shared with consent - improving conversion and reducing dropoff.
- **Rightfoot Collections Portal** — An AI-assisted collections tool that uses live balance data to prioritize outreach, time payment attempts, and increase recovery rates while lowering operational cost.

## Achievements

- Named to CB Insights' 2023 Fintech 100 (most promising private fintech companies).
- Raised a $15M Series A in August 2023 led by Blue Lion Global and Renegade Partners.
- Reported customer results including a jump from ~10% to 29% collections recovery rate (Check City).
- Successfully pivoted from employer student-debt repayment to credential-less lending data infrastructure.

## Latest updates

- **2023-08** — Raised $15M Series A and launched Connect Magic, its zero-login consumer-permissioned data product.
- **2023-10** — Named to CB Insights' sixth-annual Fintech 100 list.
- **2024** — Expanded into AI-assisted collections with the Rightfoot Collections Portal and live balance-based prioritization.

## Links

- Website: https://rightfoot.com
- LinkedIn: https://www.linkedin.com/company/therightfoot
- Twitter/X: https://twitter.com/hellorightfoot
- Facebook: https://facebook.com/rightfoot-105844037566975

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Profile page: https://yespress.io/rightfoot
Published by YesPress — https://yespress.io
Last updated: 2026-07-10