Stride Funding

Stride Funding

Provides funding solutions for students

About

Stride Funding provides financial solutions for students seeking to finance their education through Income Share Agreements (ISAs). With an ISA, students receive funding for their education in exchange for a percentage of their future income for a specified period. This model helps students avoid traditional student loans and the associated debt burden, as repayments are based on their earnings after graduation. Stride Funding's revenue is linked to the success of its clients, motivating the company to support students in achieving positive career outcomes. Additionally, Stride partners with employers to connect them with pre-screened candidates, helping to reduce hiring costs and improve retention. Beyond funding, Stride offers resources to assist students in managing their finances and making informed educational and career choices. The company's goal is to promote inclusivity and support the success of both its team and its clients.

Company Stage

Seed

Employees

11-50

Industries

Fintech, Education

Total Funding

$25.1M

Headquarters

Boston, Massachusetts

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in ISAs due to rising education costs and student debt concerns.
  • Growing trend of coding bootcamps aligns with Stride's focus, offering market expansion opportunities.
  • Rising demand for ESG-aligned financial products could attract impact investors to Stride.

What critics are saying

  • Increased regulatory scrutiny on ISAs could impact Stride Funding's business model.
  • Alternative funding models like 'Buy Now, Pay Later' pose competitive threats to ISAs.
  • Economic downturns could affect students' repayment capabilities, impacting Stride's revenue.

What makes Stride Funding unique

  • Stride Funding offers Income Share Agreements, aligning student success with company revenue.
  • Partnership with Stanford Law School enhances credibility and potential for similar collaborations.
  • Focus on non-traditional education paths like coding bootcamps expands market reach.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

6%

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