Student debt solutions
Job no longer available
101-200 employees
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.
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51% employee growth in 12 months
Mar 2023
$20.5m
SERIES B
Mar 2021
$10m
SERIES A
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 48M Americans struggle with over $1.75M 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 and it will be exciting to see what it does next.
Freddie
Company Specialist at Welcome to the Jungle