Candidly
Latest round
- Series B
Last raised
- Mar 2023
Total raised
- $45M
Investors
- 17
About Candidly
Founded in 2016, Candidly is a financial wellness company that focuses on helping employees manage student debt. The company is headquartered in New York, US. Candidly was co-founded by Alexandra Slater, Hannah Peet, and Laurel Taylor, who have backgrounds in financial services.Candidly offers a comprehensive suite of financial wellness solutions focused on alleviating student debt for employees. Their core product is a platform that assists users in selecting and enrolling in optimal repayment plans tailored to their financial situations, significantly reducing monthly payments for those who qualify. Additionally, Candidly provides gamified repayment tools, expert coaching services, and self-serve repayment optimization options to empower users on their financial journeys. Their services aim to address the urgent needs of approximately 43 million Americans dealing with student debt, with a particular emphasis on creating pathways for loan repayment and financial stability.Candidly’s revenue model is primarily based on B2B partnerships with employers looking to offer financial wellness benefits to their employees. The company generates income through subscription fees paid by employers for access to their platform and services, which include student loan contributions, retirement matching solutions, and emergency savings programs. Employers benefit from integrating these offerings as they enhance employee engagement and retention rates. The structure of transactions typically involves fixed subscription costs tied to the size of the employer's workforce, allowing for scalable access to Candidly's innovative solutions. The company is focused on designing new financial wellness tools aimed at enhancing user engagement and expanding its reach in the market. Candidly plans to target new geographic regions in North America and aims to implement these expansions by the end of 2024.
Who invested in Candidly
17 investors across 4 rounds
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Questions about Candidly
Who invested in Candidly?
Candidly has 17 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Candidly raised?
Candidly has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Candidly last raise money?
Candidly's most recent round on record is a Series B, in Mar 2023.
What does Candidly do?
Founded in 2016, Candidly is a financial wellness company that focuses on helping employees manage student debt.
Where is Candidly headquartered?
Candidly is headquartered in New York, US.
Which VCs invest in companies like Candidly?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Candidly's stage. Their profiles are linked below.
VCs backing software startups at Series B
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