Tech Company Financing Transactions
LoanBYE Funding Round
LoanBYE, based in Pittsburgh, received $300 thousand in investment from Richard King Mellon Foundation.
Transaction Overview
Company Name
Announced On
8/5/2024
Transaction Type
Venture Equity
Amount
$300,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to support its platform for companies and organizations to offer student loan relief solutions, including payments as a component of their employee benefits package.
Company Information
Company Status
Private & Independent
Industry
HRTech
Mailing Address
307 Fourth Avenue 1300
Pittsburgh, PA 15222
USA
Pittsburgh, PA 15222
USA
Phone
Undisclosed
Website
Email Address
Overview
At LoanBYE, we believe financial wellness is a key driver for overall happiness and productivity at work. Student loan debt is both a personal and national crisis. According to 2021 census data, over 43 million Americans are struggling with more than $1.73 trillion in federal student loan debt. This issue is plaguing the U.S. workforce and negatively impacting employers' ability to attract and retain talent. LoanBYE was created to help address the student loan debt crisis and improve the financial wellness for millions of employees that have taken on significant debt.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
VP - Human Resources
Michael Fabus
VP - Sales
Krish Pandya
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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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