Clasp provides education financing using Income Share Agreements to fund students for college, coding bootcamps, and vocational programs, and also offers financial planning resources and employer partnerships. It works by giving funding in exchange for a share of the student’s future income for a set period, with repayments based on earned income rather than fixed payments. Clasp differentiates itself from traditional lenders by tying revenue to student outcomes through ISAs, emphasizing employer partnerships and a mission-driven approach to support inclusivity and success. Its goal is to help learners fund their education without heavy debt, improve career outcomes, and strengthen workforces by supporting funded graduates toward sustainable employment.
Company Size
51-200
Company Stage
Series B
Total Funding
$75.7M
Headquarters
Boston, Massachusetts
Founded
2018
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