# PaydownHero

A round-up app that helps users CRUSH their auto loans!

## Elevator pitch
We calculate our user's round ups and pay them toward their car loans as additional payments; thereby paying off the loans early, saving time and money! Its shocking how much of an impact we can make on the AVERAGE loan! Thousands of dollars saved!

- Canonical URL: https://wefunder.com/paydown.hero
- Entity ID: wefunder:company:75845
- Last updated: 2026-07-08T05:01:44Z
- Generated at: 2026-07-08T19:37:29Z

## Quick facts
- Massive scalability attacking a huge underserved market. We've got the first mover advantage!
- We've already proven rapid, forecastable growth. With your investment we aim for 35%+ MoM growth 📈
- Built by Army Veterans to help credit consumers TRULY level up.
- We're operating, growing, making money, help us reach even more users! 💰💰💰
- Our secret sauce is a unique, proprietary back end payment system that streamlines our process!

## Active fundraises
- wefunder:fundraise:41927: 506(b) successful (USD)
- wefunder:fundraise:40694: 4(a)(6) successful (USD)

## Story
We saw the problem of exploding car loan debt and how the American consumer is falling farther and farther behind. Unless you have excellent credit, you will be paying 7%+ in interest and spending so much more $ for the same car! It's an old industry that hasn't changed much in decades. Very little innovation and most 'new' products coming to market for consumers add debt by financing secondary purchases like winter tires, maintenance plans, cosmetic protection packages. What has all this accomplished? It has buried the consumer in terrible loans and made it near impossible to pull themselves out of. We are here to help! Truly. We aren't a gimmick. We aren't here to sell out our users. We are here to actually help users payoff their debt by making extra payments, freeing them from the yoke of oppressive lending practices. We offer real-time updates on the impact that payments have and incentivize our users to reach their goals! We kept the concept simple. The business fundamentals are rock solid. We provide a service for which we charge small fees and are careful about the costs to move money to service our users. We know our margin. We are generating revenue now. There is little guesswork in the revenue ramp. What makes us special? It turned out that automating our payment process on the back-end was nearly impossible. We overcame substantial technical and industry hurdles in order to solve the automated movement of funds at a large scale across a high number of lenders. We are the first to develop this payment system and apply it to the auto loan market!We're the first to tackle auto-loan payoffs in this was and we charge extremely reasonable fees compared to other 'competitors'. We built this platform to actually help people, not just make a buck. In a financial world where profit and growth is often the ONLY motive, we are mission driven and duty bound to help our fellow Americans get a hold of their debt. That is what happens with two Army Captains at the helm of this organization.Since launch, we've experienced exciting growth that outpaced even our own expectations! Users are flocking to our platform which proves the demand for a helping hand! We're thrilled to take the next leap forward and grow, with your help! We've solved the technical side, now we need to reach more users! We're embarking on the next phase with the build out of the Paydownhero marketplace. A place where lenders can offer direct re-fi products right to the hands of our user base. Better rates, better terms, the user wins. Period. Help us build phase 2 and really disrupt the market!From Ken, Erik, and the rest of the team, thank you! Join us and help us make a difference!

## FAQ
1. **Hello, I am considering a small investment to support my Southbury neighbor and military vets. I have some questions for you, as well as ideas to fuel your user growth that I know a little bit about, and sent you a Linkedin invite to discuss further. Regards, V**
   - Hi Vilem, responding now to your LinkedIn. Thanks! - KRS
2. **Do you intend to expand your market from auto loans to credit cards? I think credit cards have much higher rates than auto loans.**
   - Hello Tem, yes we plan on expanding in the future with additional debt vehicles. In addition, we have some very exciting new roll outs with Android version, and some multiple revenue producing features. January 2022 is going to be a massive marketing blitz for all new tech and these features :)
3. **How are you currently protecting your IP?**
   - Hi Omar. At the moment, we are not looking into IP protection for our current process and backend. We spent a good chunk of time discussing the pro's and con's of both considerations, and ultimately (at that juncture) the cost to do so made little sense with how markets and tech move. Thank you for the question and consideration. Best, Ken S.

## Team
- Kenneth Sargavakian (Founder + CEO)
- Erik Rueda (Founder + CCO)
- Jim Paris (Chief Technology Officer)
- Josh Heapes (Chief Growth Officer)
- Cassandra Kral-Dillon (Chief Financial Officer)
- Ryan O'Donnell (Junior Full Stack Developer)
- John Power (Financial Advisor)

## Recent posts
- Paydownhero Update 2023 (2023-07-07T11:31:57Z)
- Overdue Update...WHAT A RIDE! (2022-11-22T15:05:38Z)
- Last Chance!! (2021-10-07T13:34:13Z)
- VIDEO UPDATE 4 DAYS TO GO! (2021-10-03T17:35:05Z)
- PayDownHero Hits Their Mark...And More! (2021-09-30T13:31:28Z)
- We surpassed our goal!!! (2021-09-30T12:53:12Z)
- Big News! (2021-09-16T22:17:49Z)
- Exciting Update!! (2021-09-13T18:30:50Z)
- PayDownHero>Sponsorship Press Release (2021-04-19T13:46:26Z)
- Just Saying Hi! Happy Tuesday from PDH! (2021-04-06T18:30:28Z)
- WeFunder Investor Panel 03-31-2021 (2021-03-31T15:51:12Z)
- Thanking our initial investors! (2021-03-13T16:05:41Z)
- Amazing momentum from just a few days!! (2021-03-04T15:57:07Z)

## Q&A
- Q: How are you currently protecting your IP?
  - A: Hi Omar. At the moment, we are not looking into IP protection for our current process and backend. We spent a good chunk of time discussing the pro's and con's of both considerations, and ultimately (at that juncture) the cost to do so made little sense with how markets and tech move. Thank you for the question and consideration. Best, Ken S.
- Q: Do you intend to expand your market from auto loans to credit cards? I think credit cards have much higher rates than auto loans.
  - A: Hello Tem, yes we plan on expanding in the future with additional debt vehicles. In addition, we have some very exciting new roll outs with Android version, and some multiple revenue producing features. January 2022 is going to be a massive marketing blitz for all new tech and these features :)
- Q: Are there any 2023 results to update investors?
- Q: Hello, I am considering a small investment to support my Southbury neighbor and military vets. I have some questions for you, as well as ideas to fuel your user growth that I know a little bit about, and sent you a Linkedin invite to discuss further. Regards, V
  - A: Hi Vilem, responding now to your LinkedIn. Thanks! - KRS