LoanBYE, a Pittsburgh, PA-based company providing comprehensive student loan relief solutions as an employer provided benefits package, received a USD300K investment.
Richard King Mellon Foundation made the investment.
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. Specifically, the funds will be used to develop its student debt-focused employee benefit platform and partner with childcare-focused organizations that are either primarily located in one or multiple underserved or vulnerable communities or primarily serve low-income or otherwise underserved populations.
Led by Krish Pandya, LoanBYE focuses on providing comprehensive student loan relief solutions as an employer provided benefits package. Its solutions include direct employer contributions, retirement savings through 401k matches, and tools to assess and enroll into loan forgiveness programs.
FinSMEs
05/08/2024