Stride Funding

Provides funding solutions for students

Boston, Massachusetts, United States

About Stride Funding

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. Stride Funding differentiates itself from traditional student loan options by offering a debt-free alternative that reduces the financial burden on students. The company also partners with employers to connect them with pre-screened candidates who have received funding and training, helping to lower hiring costs and improve retention. Stride Funding's goal is to support student success and inclusivity, providing resources to help students make informed financial decisions and achieve positive career outcomes.

Boston, MassachusettsHeadquarters
2018Year Founded
$25.1MTotal Funding
EARLY_VCCompany Stage
Fintech, EducationIndustries
11-50Employees

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$25.10 M
Latest valuation$50.50 M
StageEARLY_VC
EARLY VC
3/31/2024
$10
$50.50 M
SERIES A
11/30/2021
$12
$60.00 M
DEBT
9/30/2021
$30