Clasp

Clasp

Education financing via income-share agreements

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

Simplify's Rating
Why Clasp is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Fintech

Financial Services

Education

Company Size

51-200

Company Stage

Series B

Total Funding

$75.7M

Headquarters

Boston, Massachusetts

Founded

2018

People at Clasp

People at Clasp who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Clasp drives 2.5x higher retention rates than traditional hiring models.
  • Clasp secures $100M in no-cosigner funding for healthcare students.
  • Clasp enables early employer commitments tying $75k tenure-linked repayment.

What critics are saying

  • Federal loan caps reduce Clasp's student pool pipeline by 60-80%.
  • Over $130M in obligations creates insolvency risk if retention fails.
  • Boston Children's and Memorial Sloan dominance causes 50% revenue loss risk.

What makes Clasp unique

  • Clasp replaces sign-on bonuses with retention-based loan repayment incentives.
  • Clasp integrates with 95% of student loan providers for one employer payment.
  • Clasp eliminates clawbacks so payments stop if clinicians leave estate.

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Funding

Total Funding

$75.7M

Above

Industry Average

Funded Over

6 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

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

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

-2%

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