Most companies help their employees save for retirement. But for a generation burdened with student loan debt, paying off those balances is often a higher priority. Candidly, a New York-based startup which started working on this problem in 2016, helps employees optimize their debt through loan consolidation and income-based repayment plans, among other mechanisms.
The startup also makes it easy for companies to match employees’ student-loan payments with tax-free retirement plan contributions, as outlined in the Secure 2.0 legislation that President Biden signed into law in late 2022. Candidly, which announced $20.5 million in Series B financing in March 2023, saw its revenue increase tenfold last year and notched a 3,600% increase in dollars flowing through its platform toward student loans. Most importantly, Candidly helps borrowers pay off their debt faster, allocating more of their income to planning for the future instead of drowning in the past. Seventy-five percent of the company’s end users are women or people of color.
Explore the full 2024 list of Fast Company’s Most Innovative Companies, 606 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 58 categories, including advertising, artificial intelligence, design, sustainability, and more.
Войдите, чтобы добавить комментарий
Другие сообщения в этой группе
Ever since AI chatbots arrived, it feels as if the media has been on the losing end o
Aside from the obvious, one of the best parts of the work-from-home revolution is being able to outfit your workspace as you see fit.
And if you spend your days squinting at a tiny lapto
Child psychologists tell us that around the age of five or six, children begin to seriously contemplate the world around them. It’s a glorious moment every parent recognizes—when young minds start
During January’s unprecedented wildfires in Los Angeles, Watch Duty—a digital platform providing real-time fire data—became the go-to app for tracking the unfolding disaster and is credit
Yahoo’s bet on creator-led content appears to be paying off. Yahoo Creators, the media company’s publishing platform for creators, had its most lucrative month yet in June.
Launched in M
