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Overview
Stride Funding provides education financing using Income Share Agreements (ISAs). It funds students across traditional colleges, coding bootcamps, and vocational schools, in exchange for a percentage of their future income for a set period. Revenue comes from a share of graduates' earnings, aligning Stride’s success with that of its students. The company also partners with employers to pre-screen funded candidates and offers financial literacy resources to help students manage education costs and career decisions. Their goal is to support accessible, debt-free education and improve workforce outcomes by enabling students to fund their training without traditional loans.
About Stride Funding
Industries
Fintech
Financial Services
Education
Company Size
11-50
Company Stage
Early VC
Total Funding
$55.8M
Headquarters
Boston, Massachusetts
Founded
2018
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Simplify's Take
What believers are saying
- Funds under management grew from $10M to $150M during 2019-22, demonstrating strong investor confidence.[1]
- FinWise Bank partnership enables non-cosigner lending and integration with 100+ student loan servicers.[7]
- Employer partnerships in healthcare and engineering address critical workforce shortages with pre-screened candidates.[7]
What critics are saying
- Fair lending investigation alleges ISA pricing penalizes students of color at HBCUs and minority-serving institutions.[5]
- Rebranding from Stride to Clasp creates customer confusion and erodes trust among 5,000+ recent borrowers.[8]
- Funding cap of $25,000 annually limits market share against competitors offering unlimited ISAs for high-debt majors.[2]
What makes Stride Funding unique
- Proprietary machine learning underwriting enables ISA pricing based on field-specific income projections, not credit scores.[2][3]
- Employer-sponsored loan program links education directly to career progression, reducing post-graduation debt burden.[7]
- Broader institutional coverage across associate, bachelor, master, and doctoral programs versus competitor ISA providers.[2]
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Funding
Total Funding
$55.8M
Above
Industry Average
Funded Over
5 Rounds
There are no jobs for Stride Funding right now.
Find jobs on Simplify and start your career today
About Stride Funding
Industries
Fintech
Financial Services
Education
Company Size
11-50
Company Stage
Early VC
Total Funding
$55.8M
Headquarters
Boston, Massachusetts
Founded
2018
There are no jobs for Stride Funding right now.
Find jobs on Simplify and start your career today