Clasp

About Clasp

Stride Funding is a financial technology startup that focuses on providing innovative funding solutions for students. The company primarily serves learners who are looking to finance their education, including those attending traditional universities, coding bootcamps, and vocational schools. Stride Funding operates in the education finance market, which is a sector dedicated to helping students manage the costs associated with their education.

The business model of Stride Funding revolves around offering Income Share Agreements (ISAs). An ISA is a financial arrangement where a student receives funding for their education in exchange for a percentage of their future income for a set period of time. This model aligns the interests of the funding provider and the student, as repayments are based on the student's ability to earn after graduation. This can be particularly appealing for students who are wary of traditional student loans and the debt burden they can create.

Stride Funding makes money by collecting a portion of the future earnings of the students they fund. This means that their revenue is directly tied to the success of their clients, creating a strong incentive for Stride to support their students in achieving positive career outcomes. The company also partners with employers to build stronger workforces by providing pre-screened candidates who have received funding and training through Stride's programs. This helps employers reduce upfront hiring costs and improve employee retention.

In addition to funding, Stride Funding offers various resources to help students manage their finances and make informed decisions about their education and career paths. They are mission-driven, focusing on inclusivity and supporting each other's success, both internally within the team and externally with their clients.