# Sparrow Lending PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sparrow-lending-pbc

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.sparrowfi.com
- Total disclosed funding: $5.8M
- Latest round: Seed (Dec 9, 2021)
- Investors on record: 4

## About

Based in Seoul, South Korea, and co-founded by Harrison Hochman (CEO), Griffin Morris, and Daniel Kahn, in 2020, Sparrow Lending PBC, is a consumer finance company that helps borrowers to find affordable financing. In December 2021, the firm raised USD 5.83 million in seed funding led by Sozo Ventures, with participation from other investors Dash Fund, GoodFriends, and Shakti Capital.

The company with its web and mobile application Sparrow helps its users to search, compare and find the best deal possible for student loans from private lenders. The company’s application offers filtered search options on basis of Loan types like undergraduate, MBA, and international student loans, loan size up to USD 500,000, FICO, and estimated income. Sparrow as of September 2022, has more than 2,100 universities covered with over 100 eligible degrees.

The firm generates its revenue through the compensation received lender if its user finishes the loan process and a loan is disbursed.

The company plans to utilize its September 2022 funding to grow its platform, facilitate new partnerships and reach additional students and universities.

## Funding rounds

- Seed, Dec 9, 2021, $5.8M — Sozo Ventures, Good Friends, Dash Fund, Shakti Capital

## Investors

- Sozo Ventures (https://capitalatlas.ai/funds/sozo-ventures) — Seed
- Good Friends — Seed
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Seed
- Shakti Capital — Seed