Stride Funding

Stride Funding

Provides funding solutions for students

About Stride Funding

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

Industries

Fintech

Education

Company Size

11-50

Company Stage

Early VC

Total Funding

$55.8M

Headquarters

Boston, Massachusetts

Founded

2018

Overview

Stride Funding offers funding solutions for students through Income Share Agreements (ISAs), allowing them to finance their education in exchange for a percentage of their future income. This model aligns the interests of students and the company, as repayments depend on the students' earnings after graduation, making it a favorable alternative to traditional loans. Stride Funding also partners with employers to provide pre-screened candidates, helping reduce hiring costs. The company's goal is to promote inclusivity and support the success of both its team and its clients.

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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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Funding

Total Funding

$55.8M

Above

Industry Average

Funded Over

4 Rounds

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Early VC Funding Comparison
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