Social Finance

Social Finance

Overview

About Social Finance

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

Industries

Company Size

51-200

Company Stage

Early VC

Total Funding

$13.5M

Headquarters

Boston, Massachusetts

Founded

2011

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Simplify's Take

What believers are saying

  • Kirstin Hill as President and COO since September 2023 scales impact investing and operations to 100+ employees.
  • New Jersey Pay It Forward Program with Governor Murphy funds HVAC and welding training statewide.
  • Tuesday Fund launched March 17, 2026, with Mollie Carter advances nationwide economic mobility investing.

What critics are saying

  • High default rates of 50–70% in 12–24 months erode Zero Percent Loan fund sustainability.
  • Ascent Funding captures Zero Percent Loans in 6–12 months, displacing Social Finance.
  • DACA/TPS policy reversal in 18–36 months triggers mass defaults on $350M Dreamers investments.

What makes Social Finance unique

  • Social Finance Institute under Karen Anderson translates outcomes-based theory into scalable practice since October 2023.
  • Dreamers Graduate Loan Program expanded to all DACA and TPS students in August 2023, serving over 1,000 learners.
  • Impact First Fund invests $2 million in child care real estate via CARE to address U.S. shortages.

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Funding

Total Funding

$13.5M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Retirement savings plan with employer contribution

Commuter benefits

Hybrid Work Options

Paid vacation

Paid holidays

Paid parental leave

Company News

Per Scholas
Dec 16th, 2024
Social Finance Partners with Per Scholas to Offer Living Expense Loans to Learners

Social Finance partners with Per Scholas to offer living expense loans to learners.

Maui Now
Jul 16th, 2024
Zero-interest loan program available for low-income engineering students at UH Mānoa

The UH College of Engineering has partnered with Social Finance along with the Harold K.L. Castle Foundation and other local philanthropic organizations that have contributed $2 million to start the fund.

Technical.ly
Nov 2nd, 2023
A Children’S Author And Ai Advocate Champions Diverse Voices’ Importance To Biden’S Executive Order

It’s Civil Rights Week in Baltimore. This year marked the 60th anniversary of the civil rights movement but work remains to be done when it comes to civil rights and anti-racism in Baltimore and beyond. That goes for the implications of the latest tech, as well. On Monday, President Joseph Biden issued an executive order that aims to guarantee the safety and trustworthiness of artificial intelligence. The order includes some line items on how Biden and his administration don’t want to “deepen discrimination, bias, and other abuses” in various sectors — including the justice system. This intention could appear to contradict other moves the administration made

PR Newswire
Oct 12th, 2023
Karen Anderson Joins Social Finance To Lead New Institute

Anderson will lead the Social Finance Institute to amplify outcomes-based practices and build cross-sector momentum.BOSTON and WASHINGTON, Oct. 12, 2023 /PRNewswire/ -- Today, Social Finance announced that Karen Anderson has joined to lead the Social Finance Institute, a first-of-its kind platform designed to bridge theory and practice for market leaders, policymakers, and practitioners looking to implement and scale outcomes-based solutions.Social Finance is a national nonprofit and registered investment advisor. Founded in 2011, the organization works with the public, private, and social sectors to build innovative partnerships and investments that measurably improve lives. Social Finance has mobilized more than $350 million in new investments designed to link funding to results in workforce and economic mobility, health, and housing.As inaugural Managing Director of the Social Finance Institute, Anderson will lead field-building efforts through applied research and publications, drawing on the work of leaders in the field—including Social Finance's 12 years of on-the-ground experience. Under her direction, the Institute will launch an actionable research, training, and outreach agenda to translate outcomes-based theory into practice. The Institute will also develop new tools, technologies, and convenings to advance cohort-based learning."For over a decade, we have been partnering with changemakers to design and implement cross-sector partnerships focused on results," Social Finance Co-Founder and CEO Tracy Palandjian said

PR Newswire
Sep 12th, 2023
Kirstin Hill Joins Social Finance As President Chief Operating Officer To Help Lead Organization Into Next Phase Of Growth

New leadership structure marks the next stage of growth for the nonprofit.BOSTON, Sept. 12, 2023 /PRNewswire/ -- Today, Social Finance, a national nonprofit and registered investment advisor, announced that Kirstin Hill has joined the organization as President and Chief Operating Officer. In this new role, Hill will work in close collaboration with Social Finance CEO and Co-Founder Tracy Palandjian to advance Social Finance's work building outcomes-focused partnerships and investments that realign systems to measurably improve lives."Social Finance has grown significantly over the last dozen years, and we have developed new, promising levers for impact," Palandjian said. "As we look to accelerate and scale our work to deliver lasting, measurable change, Kirstin's unique blend of energetic leadership, deep expertise, and commitment to impact make her a perfect leader for this stage of our organizational evolution. We are thrilled to welcome Kirstin as our first President and COO."Hill's hiring comes after three years of transformational growth at Social Finance, during which the organization grew to more than 100 employees, opened fourth and fifth offices, developed several new products, and became a registered investment advisor. Hill will oversee the organization's day-to-day operations and its impact investing and advisory business lines, while Palandjian will lead the organization's overall firm strategy and thought leadership."I could not be more excited to join Social Finance at this pivotal time," Hill said

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