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Overview
Clasp provides education financing using Income Share Agreements to fund students for college, coding bootcamps, and vocational programs, and also offers financial planning resources and employer partnerships. It works by giving funding in exchange for a share of the student’s future income for a set period, with repayments based on earned income rather than fixed payments. Clasp differentiates itself from traditional lenders by tying revenue to student outcomes through ISAs, emphasizing employer partnerships and a mission-driven approach to support inclusivity and success. Its goal is to help learners fund their education without heavy debt, improve career outcomes, and strengthen workforces by supporting funded graduates toward sustainable employment.
About Clasp
Industries
Data & Analytics
Fintech
Financial Services
Education
Company Size
51-200
Company Stage
Series B
Total Funding
$75.7M
Headquarters
Boston, Massachusetts
Founded
2018
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Simplify's Take
What believers are saying
- Clasp raised $20 million on March 26, 2026, extending runway and hiring capacity.
- Employer commitments surpassed $130 million, proving buyers pay for retention-linked repayment infrastructure.
- New customers BAYADA, UMass Memorial, and UNC Health Appalachian expand distribution across healthcare subsectors.
What critics are saying
- Healthcare employers can cancel repayment programs when budgets tighten, breaking Clasp's core economics.
- Federal loan cap changes in July 2026 disrupt clinician financing and complicate employer incentives.
- If hospitals adopt in-house retention programs, Clasp loses differentiation and becomes a replaceable workflow vendor.
What makes Clasp unique
- Clasp turns student-loan repayment into a healthcare retention contract, not a recruiting bonus.
- Its ROTC-style model links pregraduation commitments with multi-year tenure across 1,140 programs.
- Clasp has traction with Boston Children’s, Memorial Sloan Kettering, Northwestern Medicine, and Novant Health.
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Funding
Total Funding
$75.7M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Student Loan Assistance
401(k) Company Match
Commuter Benefits
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 9%1 year growth
↑ 1%2 year growth
↓ -2%Clasp, a company that helps healthcare employers build long-term talent pipelines by connecting with clinicians before graduation and tying student loan repa...
Clasp, a healthcare retention recruitment platform, has raised $20 million in Series B funding led by Crosslink Capital and Digitalis Ventures, bringing total capital raised to $50 million. The company replaces traditional sign-on bonuses with loan repayment programmes linked to employee tenure. Clasp works with major health systems including Boston Children's Hospital and Memorial Sloan Kettering. The company claims its approach drives retention rates 2.5 times higher than traditional hiring models, with over $130 million in employer commitments made to date. The funding comes as new federal loan caps take effect in July, limiting graduate students to $20,500 annually and $100,000 aggregate borrowing. Healthcare employers have quadrupled over the past year, as clinician turnover costs organisations up to $500,000 per physician.
Stride Funding, now Clasp, closes more than $10 million oversubscribed venture round led by Crosslink Capital.
/PRNewswire/ -- Stride Funding, now rebranded as Clasp, has closed an oversubscribed venture round of more than $10 million led by $4.6 billion venture firm...
Fintech companies in Boston and the wider fintech industry in the city is undergoing a period of transformative rapid growth and innovation. As a hub for cutting-edge financial technology, Boston is home to a ecosystem of fintech startups and established companies that are reshaping the way digital financial services are delivered.By harnessing the power of advanced technologies, fintech companies in Boston are not only enhancing the accessibility and efficiency of financial services but also setting new standards for customer experience. In this dynamic environment, Boston’s fintech companies are playing a crucial role in driving the future of finance, both locally and globally.Leading fintech companies in Boston range from providers of global payments, small business lenders, digital banks as well as digital voice solutionsFlywire: Flywire are a global payments enablement and software company who combine their proprietary global payments network, next-gen payments platform and vertical-specific software to deliver complex payments for their clients and customers. Flywire recently acquired Invoiced, a SaaS platform that enables B2B finance teams and the “Office of the CFO” to automate the critical order-to-cash process.Forward: Forward Financing are fintech company based in Boston who provide fast and flexible working capital to small businesses in the US that have been underserved by traditional financing options. Forward offers revenue-based financing and deliver an upfront sum of working capital in exchange for a set amount of the business’s future revenue.Stride: Stride are a Boston based outcomes-oriented fintech who offer flexible funding products such as Income Share Agreements and Deferred Tuition Agreements that supplement student loans. Stride and its founder have been recognized by Forbes, Harvard and MIT for their fintech innovations and social impact
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About Clasp
Industries
Data & Analytics
Fintech
Financial Services
Education
Company Size
51-200
Company Stage
Series B
Total Funding
$75.7M
Headquarters
Boston, Massachusetts
Founded
2018
Clasp is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today