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Craig Hill
Founder of SPENDiD | Predictive Financial Wellness Solutions for Students and Households | Peer Benchmark Spending Data for Fintech Applications | Simple REST API Generating Alternative Data for Cash Flow Underwriting
Craig Hill is the Founder and CEO of SPENDiD, a fintech company based in Birmingham, Alabama. He has a robust background in finance, having spent over 20 years as a Chief Financial Officer (CFO) primarily in the steel industry. His expertise includes finance and data analytics, and he holds certifications as a Certified Management Accountant (CMA) and Certified Internal Auditor (CIA).12
Professional Background
- SPENDiD: Founded in October 2019, SPENDiD focuses on predictive cash flow analysis and budgeting solutions. The company aims to democratize access to financial intelligence through innovative products like MyBudgetReport, which assists users with budgeting and financial literacy.12
- Previous Roles:
- CFO at Birmingham Business Alliance: Managed all aspects of finance for Alabama's largest non-profit regional business advocacy organization from January 2018 to October 2019.
- CFO at Southland Tube, Inc.: Oversaw financial operations for 18 years, contributing to significant revenue growth from $40 million to over $200 million.13
Education
Craig graduated from The University of Alabama with a degree in Accounting and Business Administration. His educational background supports his extensive experience in financial management and analytics.1
Vision and Mission
At SPENDiD, Craig is dedicated to transforming complex financial data into actionable insights that empower individuals and organizations to make informed financial decisions. His mission is to enhance financial awareness and decision-making confidence among users.12
Highlights
A few years back, I closed an old credit card, thinking it would simplify my life. Less to manage, right?
But then my credit score dropped, and I realized just how much the length of your credit history really matters.
1️⃣ A longer credit history gives lenders a better picture of your financial habits.
2️⃣ Lenders feel more comfortable with a long, positive credit history.
3️⃣ The length of your credit history plays a big role in your credit score.
4️⃣ A long history shows you’ve managed your finances well over time.
BUT What If You Don’t Have a Credit History? 🤔
Starting out with no credit history can be tough, but Credit-Worthy[dot]com by SPENDiD is here to help. We use alternative data to create "ability-to-pay" scores, allowing you to build your financial reputation even if you’re just starting out.
P.S. I’d love to hear about your credit journey—share your thoughts below! 👇
#Creditscore #Financialliteracy #Personalginance #Credithistory
Banks are missing the mark when it comes to truly helping customers improve their financial health.
Despite their resources, most banks still rely on outdated metrics like credit scores, leaving many customers without real support in managing their finances.
As someone who's navigated financial challenges and seen how these gaps impact people's lives, I believe banks need to step up.
I’ve made it easy with key points on how they can make a real difference:
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Instead of just tracking credit scores, banks should provide tailored advice that addresses individual financial needs.
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Encourage customers to save and invest by offering user-friendly platforms that simplify the process.
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Banks should educate customers on managing money, debt, and long-term planning through workshops and online resources.
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Overdraft and late fees disproportionately impact vulnerable customers. Banks should focus on creating supportive alternatives.
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Implement AI-driven tools that monitor spending and offer proactive recommendations for improving financial health.
If banks genuinely want to make a difference but lack the time or resources, they should consider using innovative tools like Money-Widget by spendid. io to provide comprehensive financial health solutions.
