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Candidly
Student debt solutions
- 101-200 employees
- Fintech
- B2C
- Personal finance
- SaaS
- Midtown Manhattan, New York, NY
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Company mission
To make trusted, intelligent and comprehensive solutions that enable Americans to reap the rewards of that investment so they can build financial wellness and wealth.
Our take
A lack of access to affordable higher education is causing increasing numbers of students to fall into debt. Common advice is to simply save money incrementally, but that is easier said than done. Today, over 48 million Americans struggle with over $1.75 trillion of student debt. Candidly, rebranded from FutureFuel.io, offers payment management services for student loans in the form of employee benefits.
The company collaborates with employers to make loan repayment processes easier. Candidly claims that these services help students save between $15,000 to $40,000 and reduce loan repayment time by up to 5 years. Other companies such as Tuition.io also provide employer-paid student benefits to help contribute to debt repayments. However, Candidly's unique set of digital money saving tools provide an edge over competitors by helping students make small savings that can accumulate to big debt payments.
With increasing nationwide interest in reducing student debt, the company experienced 10x revenue growth and a 3,600% increase in payments flowing through its platform through 2022. With a fresh injection of funding in March 2023, Candidly is well-positioned to shake up this field.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 401(k)
- Work from home opportunities
- Medical insurance
- Dental insurance
- Student loan assistance
- Disability insurance
Company values
- Desenrascanço - We practice the art of finding a solution to a problem out of left field
- Empathy - We put the needs of our users above the bottom line
- Collaboration - We are fully remote, but never distant
- Humility - We are here to serve our users, our customers, and our shareholders
Funding (last 2 of 7 rounds)
Mar 2023
$20.5m
SERIES B
Mar 2021
$10m
SERIES A
Total funding: $49.8m
This company has top investors
Leadership
Laurel Taylor
(CEO & Chairwoman of the Board)Majored in Organizational Behaviour and Spanish at Texas State, before studying for an MBA at MIT's Sloan School. Was VP Sales at Systems Integrations Companies, and then CRO & Executive VP at TEECOM. Joined Google as Head of Industry, Health in 2013. Is a member of philanthropic organization SheGives and the Student Debt Task Force. Founded Candidly in 2016.