Edly
Latest round
- Seed
Last raised
- Feb 2021
Total raised
- $1.4M
Investors
- 3
About Edly
Edly Inc was founded in 2019 and is headquartered in New York, US. The company focuses on creating income share agreements (ISAs) to provide an alternative to conventional student loans. This model is designed to ease the financial burden on students by aligning their repayment obligations with their post-graduation earnings. Each transaction typically involves a contract that specifies the percentage of future income the student agrees to pay back, along with the duration of the repayment period. This structure allows Edly to facilitate a steady stream of revenue as students progress in their careers and begin earning income. The company operates primarily on a direct-to-consumer model, engaging directly with students and educational institutions to establish partnerships that enhance their reach and impact.00 mn in March 2022, Edly plans to utilize these resources to fund Income-Based Repayment (IBR) loans specifically targeting students in the United States. The company is working on enhancing its product line with new ISAs tailored to diverse educational programs, with expected launches in the upcoming fiscal year.
Who invested in Edly
3 investors across 3 rounds
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Questions about Edly
Who invested in Edly?
Edly has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Edly raised?
Edly has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Edly last raise money?
Edly's most recent round on record is a Seed, in Feb 2021.
What does Edly do?
Edly Inc was founded in 2019 and is headquartered in New York, US.
Where is Edly headquartered?
Edly is headquartered in New York, US.
Which VCs invest in companies like Edly?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Edly's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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