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Array Announces Launch of Debt Manager App

David Krechevsky
Apr 24, 2023

Embeddable tool provides comprehensive view of credit and loan account information.

Array, a financial innovation platform, said Monday it has launched Debt Manager, an embeddable solution that provides real-time information on a consumer’s debt. 

The new app was launched during the CreditCon conference in New Orleans. It allows financial institutions, fintechs, and digital brands to speed up information sharing during the lead qualification or debt management process, mitigate borrower risk, and improve loan marketing by improving access to a customer’s most up-to-date credit account information, the company said.

With Debt Manager, financial services providers and their customers can quickly access account data in real-time to help identify risk and make faster decisions while remaining SOC2- and Fair Credit Reporting Act (FCRA)-compliant.

In a fast-paced environment where having current data is critical to success, getting access to a consumer’s credit card, personal loan, student loan, auto loan, and mortgage can be an expensive and cumbersome process, Array said. Asking customers to provide individual statements for each account is inefficient and delays the process of paying down debt, finding loan prospects, or assessing financial health. In addition, using potentially outdated information increases borrower risk and can lead to suboptimal decision-making, it said.

“Debt Manager solves two key challenges for companies in the financial services market,” said Deepak Sharma, vice president and general manager of Digital Financial Management Products at Array. “First, because the process today is cumbersome for the applicant, they are losing business due to a subpar customer experience. Second, without visibility to a customer’s current financial information, these companies are making suboptimal decisions and blindly assuming significant risk.”

Debt Manager joins Array’s growing suite of private-label products built on a platform that allows financial services companies and their customers to own their financial futures. In the past year, the company has introduced BuildCredit Loan, HelloPrivacy, and Identity Protect to its suite of credit, financial management, and privacy tools.

“At Array, our vision is to empower every individual to own their financial future by providing access to the right data and tools at the right time,” said Martin Toha, Founder and CEO of Array. “Today’s introduction of Debt Manager is another key step to delivering on that vision by ensuring consumers can secure a loan faster or pay down debt quicker without having to jump through unnecessary hoops to make that possible.”

Based in New York City, Array was founded in 2020 by Martin Toha and Phillip Zedalis. Key investors include Battery Ventures, General Catalyst, and Nyca Partners. More information is available at,

Apr 24, 2023
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