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 is designed to align the interests of both the students and the funding provider, as repayments depend on the student's earnings after graduation, making it an attractive alternative to traditional student loans. 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 supply pre-screened candidates, helping to lower hiring costs and improve retention. The company also offers resources to assist students in managing their finances and making informed educational and career choices, with a mission focused on inclusivity and mutual success.

Simplify's Take

What believers are saying

• The recent $12M Series A funding round provides Stride Funding with significant capital to expand its offerings and reach more students.
• Recognition as Startup of the Year and Founder of the Year at the 2022 Startup Boston Community Awards highlights the company's strong market presence and leadership.
• Partnerships with FinWise Bank and the addition of 15 new schools to their platform demonstrate Stride Funding's rapid growth and increasing influence in the education finance sector.

What critics are saying

• The reliance on students' future earnings for revenue means that economic downturns or job market instability could impact Stride Funding's financial performance.
• The competitive landscape of education finance is growing, with new entrants potentially eroding Stride Funding's market share.

What makes Stride Funding unique

• Stride Funding's use of Income Share Agreements (ISAs) aligns their financial success with the career success of their students, unlike traditional loan providers.
• Their partnerships with employers to offer Employer Sponsored Loans (ESLs) create a unique value proposition by linking education funding directly to career opportunities.
• Stride Funding's innovative credit models and non-cosigner loans make education financing accessible to a broader range of students, setting them apart from traditional lenders.

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