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Qoins
Qoins automates consumer debt payoff through micro-transaction round-ups, embedding institutional-grade solutions for banks and credit unions.
Qoins
Qoins is a micro-payment platform based in Atlanta, United States, founded in 2016. It uses automated micro-payments to apply spare change towards debt repayment. The company has received $2,345,000 in total funding.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Christian Zimmerman
CEO & Co-Founder
Nate Washington Jr.
CTO & Co-Founder
Sector focus
Frequently asked questions
How does Qoins differ from Acorns or other round-up apps?
Qoins applies micro-transaction round-ups to debt reduction, not investment accounts. The platform sends accumulated round-ups directly to creditors — credit cards, student loans, auto loans — each month, accelerating payoff timelines without requiring users to increase monthly payments manually.
Does Qoins lend money or refinance debt?
No. Qoins does not originate loans, consolidate balances, or perform credit checks. It routes users' own funds to creditors through ACH transfers, acting as a payment coordination layer rather than a lender or credit-repair service.
How does Qoins Enterprise function for financial institutions?
Financial institutions can white-label Qoins' debt-payoff automation for their customers or employees. The enterprise service integrates directly into existing mobile banking apps of credit unions and mid-tier banks, aiming to improve deposit stickiness and customer financial health metrics without requiring new account openings.
What types of debt can Qoins pay down?
The platform supports credit cards, student loans, auto loans, and mortgages. Users designate which debt accounts to target, and Qoins distributes the accumulated round-up payments to those creditors each month.
Who runs Qoins and what is their background?
CEO Christian Zimmerman and CTO Nate Washington Jr. co-founded Qoins in 2018 after graduating from the Techstars Atlanta accelerator. Zimmerman, a first-generation college graduate, built the product based on firsthand observation of family members managing persistent consumer debt.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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