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To empower every student loan borrower to make the smartest student loan decisions.
American students collectively own over $1.5 trillion in debt, and this number looks set only to rise. The impact on students leaving institutions saddled with thousands in debt, especially if they are entering a weak job market, can be devastating. Social impact tech company, Chipper, is looking to address this widespread issue with an app offering a variety of financial products that help students manage their loans.
Founded in 2018, Chipper has become increasingly needed in recent years. The pandemic period has left many out of work, or their finances tight, which has only exacerbated the pressures many are already under to make repayments or access forgiveness. Chipper is certainly operating in a complex but urgent sector that seems ripe for student-oriented products like theirs.
It remains to be seen how its entry to the space will play out. Nevertheless, the problem of student loans is not going anywhere, and an app that helps the mobile generation understand and improve their financial health appears to be a strong proposition. Chipper will also use recent funding to grow its user base and invest in product expansion through the launch of new programs like Chipper Rewards.
Kirsty
Company Specialist at Welcome to the Jungle
Sep 2023
$1.5m
EARLY VC
Mar 2022
$5.6m
SEED
This company has top investors
Tony Aguilar
(CEO)They studied at the Kelley School of Business and Stanford, and have founded a number of companies in the financial planning sector. They are a member of the Forbes Finance Council.