About Candidly
Candidly is a company based in New York (United States) founded in 2016 by Laurel Tayler and Kevin Walker. It operates as a FinTech, SaaS (Software-as-a-Service), and Professional Services. Candidly has raised $42 million across 5 funding rounds from investors including Salesforce, UBS and Fiserv. The company has 48 employees as of December 31, 2022. Candidly has completed 1 acquisition, including College Finance. Candidly offers products and services including Student Debt Solutions, Emergency Savings, Tuition Reimbursement, Student Loan Retirement Match, and Cait - Conversational AI Tool. Candidly operates in a competitive market with competitors including Tuition.io, InStride, Savi, Gradifi and Goodly, among others.
- Headquarter New York, United States
- Employees 48 as on 31 Dec, 2022
- Founders Laurel Tayler, Kevin Walker
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Insphire Io Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42 M (USD)
in 5 rounds
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Latest Funding Round
$20.5 M (USD), Series B
Mar 07, 2023
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Investors
Salesforce
& 15 more
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Employee Count
48
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Candidly
Candidly offers a comprehensive portfolio of products and services, including Student Debt Solutions, Emergency Savings, Tuition Reimbursement, Student Loan Retirement Match, and Cait - Conversational AI Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for optimizing student loan repayment are provided.
Solutions for building emergency savings are offered here.
Reimbursement for educational expenses is facilitated for employees.
Retirement matching tied to student loans is supported.
Personalized guidance through AI for debt repayment offered.
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Funding Insights of Candidly
Candidly has successfully raised a total of $42M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $20.5 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $20.5M
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First Round
First Round
(07 Jun 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Candidly | Valuation | Altos Ventures Management | |
| Sep, 2021 | Amount | Series A - Candidly | Valuation | SixThirty |
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| Mar, 2021 | Amount | Series A - Candidly | Valuation | UBS |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Candidly
Candidly has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Salesforce, UBS and Fiserv. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm backed by Aflac Inc
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Candidly
Candidly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include College Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Education loans are compared and managed via an online platform.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Candidly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candidly Comparisons
Competitors of Candidly
Candidly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tuition.io, InStride, Savi, Gradifi and Goodly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Student loan repayment and tuition assistance benefits are provided.
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| domain | founded_year | HQ Location |
Employee education benefits are managed through custom software platforms.
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| domain | founded_year | HQ Location |
Education loan repayment is supported by an AI-enabled tool.
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| domain | founded_year | HQ Location |
Student loan debt repayment and savings solutions are provided.
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| domain | founded_year | HQ Location |
Student loan repayment solutions are provided to employees via employers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Candidly
Frequently Asked Questions about Candidly
When was Candidly founded?
Candidly was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Candidly located?
Candidly is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Candidly?
Laurel Tayler is the current CEO of Candidly. They have also founded this company.
Is Candidly a funded company?
Candidly is a funded company, having raised a total of $42M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 07, 2018.
How many employees does Candidly have?
As of Dec 31, 2022, the latest employee count at Candidly is 48.
What does Candidly do?
Financial wellness solutions focused on student debt repayment are offered by Candidly. Services are extended to employers, recordkeepers, advisors, and financial institutions. Tools for optimizing repayment plans, emergency savings, tuition reimbursement, and retirement matching linked to student loans are included. Personalized guidance through a conversational AI tool named Cait is also provided. The platform is designed to enhance employee engagement, retention, and loyalty by addressing critical financial needs across various sectors.
Who are the top competitors of Candidly?
Candidly's top competitors include Tuition.io, InStride and Savi.
What products or services does Candidly offer?
Candidly offers Student Debt Solutions, Emergency Savings, Tuition Reimbursement, Student Loan Retirement Match, and Cait - Conversational AI Tool.
How many acquisitions has Candidly made?
Candidly has made 1 acquisition, including College Finance.
Who are Candidly's investors?
Candidly has 16 investors. Key investors include Salesforce, UBS, Fiserv, Fiserv, and Financial Health Network.
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