Jan. 31, 2019
Climb, a fintech company that helps students get financing, has raised $50 million in lending capital from Goldman Sachs Urban Investment Group.
Climb, which launched in 2014, has originated almost $100 million in loans, helping almost 10,000 students pay for their education, according to a press release. The company said it has worked with more than 100 different colleges and universities.
Climb uses a proprietary return-on-investment algorithm to connect students with a school program, using information like graduation rates, job placement rate, starting salaries and other information.
"We are excited to use this lending capital to strengthen and extend our offerings so we can help new students, career switchers and employees who need to up-skill," Angela Ceresnie, CEO of Climb Credit, said in the release. "The funding will allow us to find more people across the country build hard skill sets and transform their careers."
Topics: Financial News, Mobile Payments, Money Transfer / P2P
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