Stride Funding

Stride Funding

Education financing via income-share agreements

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

Simplify's Rating
Why Stride Funding is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

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

  • Clasp says it has up to $100 million in no-cosigner education funding.
  • The July 2025 healthcare rollout addresses staffing shortages and student debt simultaneously.
  • June 2026 Clasp site highlights growing clinical talent demand and employer demand.

What critics are saying

  • October 14, 2025, advocates alleged Stride Funding overcharged Black students at HBCUs.
  • Clasp restricts eligibility to U.S. citizens, permanent residents, and selected states.
  • If regulators target ISAs as discriminatory lending, Clasp's model faces shutdown.

What makes Stride Funding unique

  • Clasp renamed from Stride Funding, centering employer-sponsored retention financing for healthcare.
  • July 9, 2025, Clasp partnered with major health systems on early job commitments.
  • Clasp ties repayment to employment milestones, not only student graduation or credit.

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Funding

Total Funding

$55.8M

Above

Industry Average

Funded Over

5 Rounds

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