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Frank

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Frank Financial Aid aims to help students and families by making the financial aid process easier

New York City, United StatesFounded 2016Fintech

Valuation $100–250M Last recorded · 2021

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Frank

Frank is a financial aid service focused on helping students secure additional funds for their college education. Operating in the higher education financial services market, Frank serves students and their families who need more financial aid than initially offered by their educational institutions. The company provides a guided Aid Appeal process, which includes personalized support from knowledgeable advisors to help students effectively appeal their financial aid packages. Frank's business model revolves around offering these services directly to students, making money through service fees and partnerships with educational institutions. By simplifying the financial aid appeal process and maximizing the amount of aid students can receive, Frank aims to improve the financial well-being of its clients and ensure they can afford their college education.

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At a glance

Status: Acquired
Founded: 2016
Headquarters: New York City, United States
Employees: 6
Open positions: None listed
Dealroom signal: 67.9/100
Industry: Fintech, Education
Sub-industry: Mortgages & Lending, Financial Management Solutions
Sector: Fintech, Higher Education, Education Financing, financial inclusion
Client focus: b2c
Links: Website LinkedIn X

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITION✓Exit	Sep 2021	$175M	$175M	JP Morgan	—
EARLY VC✓Equity / VC	Apr 2020	$5M	$20M	Marc Rowan · SilverTech Ventures · Chegg · Aleph	↗

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Growth signals

Frank website traffic

Latest recorded traffic for Frank is 550 monthly website visits, up 31% over the last three months. Frank's team declined 50% over the past year.

Latest monthly visits550 3-month web change+31% 1-year team growth-50%

Monthly website visitsMar 2017–Apr 2025

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