Summer provides education and student loan assistance solutions to hourly and gig workers, as well as to employees through employer partnerships in the financial wellness space. Its platform enables employers to offer turnkey tuition reimbursement programs and smart tools for contributing to student loans, integrated with an admin dashboard that lets employers measure program effectiveness. The product works by guiding users through income-driven repayment plans and Public Service Loan Forgiveness, with tailored support for debt reduction and education benefits. A key differentiator is its employer-centric model and focus on gig/economy workers, delivering turnkey benefits and measurable impact via an admin interface, rather than generic consumer financial products. Summer’s goal is to reduce student loan debt and improve overall financial wellness for workers by embedding these tools into employer benefits packages and helping tens of thousands of members save money.
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Industries
Company Size
51-200
Company Stage
Early VC
Total Funding
$32.8M
Headquarters
New York City, New York
Founded
2017
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Total Funding
$32.8M
Below
Industry Average
Funded Over
8 Rounds
EIN.: 822000867 | State of Incorp.: DE | Fiscal Year End: 1231Type: D/A | Act: 33 | File No.: 021-544531 | Film No.: 26519606
NEW YORK; June 25, 2020 - Ten emerging enterprise tech companies will present their technologies virtually to dozens of top executives within the financial services, venture capit
Michelle Tran, former commercial leader at Vestwell, and Michael Scully, former product leader at Intuit Credit Karma, join leadership team to accelerate Summer's mission to simplify student loan and education assistance benefitsNEW YORK, May 22, 2024 /PRNewswire-PRWeb/ -- Today, Summer –– the only end-to-end workplace student loan solution that saves employees an average of $40k and is proven to reduce turnover by 20% –– is announcing two key additions to its leadership team. Michelle Tran most recently served as SVP, Head of Enterprise Sales & Strategic Partnerships at Vestwell, and Michael Scully, formerly led Core Product for Credit Karma.Michelle Tran will serve as Summer's Head of Commercial, Senior Vice President, where she'll leverage her enterprise sales and partnership expertise to grow Summer's already accelerating sales motion and oversee revenue operations. She brings more than 15 years of experience to the role, including stints at BlackRock, Apex Clearing Corporation, and Harness Wealth, and most recently, Vestwell. Ms. Tran is also the founder of NYC Fintech Women, an active community of 12,000+ women in fintech in the greater New York area, and has been named one of the Top 100 Women in Fintech by FinTech Magazine."My new role at Summer represents an incredible opportunity to join a startup that's truly on a roll, but still in the exciting early stages of organizational maturity, " said Ms. Tran
The company works with more than 800 businesses, including several Fortune 500 companies.
Summer, a NYC-based provider of an end-to-end workplace student loan solution, raised $9M in funding
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Industries
Company Size
51-200
Company Stage
Early VC
Total Funding
$32.8M
Headquarters
New York City, New York
Founded
2017
Find jobs on Simplify and start your career today