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
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Insphire Io Corp
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
People of Candidly
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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.
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.
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Early-stage companies are funded by this venture capital firm.
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Venture capital firm focused on multiple sectors
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Venture capital firm backed by Aflac Inc
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Investor details for Candidly
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Investments & Acquisitions by Candidly
Candidly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include College Finance.
Investment portfolio details for Candidly
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- Portfolio identities
- Transaction dates
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| 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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Complete acquisition details for Candidly
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Financial Statements - Candidly
Detailed financials for Candidly
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Candidly Comparisons
Peer comparison for Candidly
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Student loan repayment and tuition assistance benefits are provided.
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Employee education benefits are managed through custom software platforms.
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Education loan repayment is supported by an AI-enabled tool.
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Student loan debt repayment and savings solutions are provided.
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Student loan repayment solutions are provided to employees via employers.
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Detailed competitors of Candidly
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Latest news on Candidly
Complete news archive for Candidly
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Frequently Asked Questions about Candidly
Candidly was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Candidly is headquartered in New York, United States. It is registered at New York, New York, United States.
Laurel Tayler is the current CEO of Candidly. They have also founded this company.
Candidly is a funded company, having raised a total of $42M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Candidly is 48.
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.
Candidly's top competitors include Tuition.io, InStride and Savi.
Candidly offers Student Debt Solutions, Emergency Savings, Tuition Reimbursement, Student Loan Retirement Match, and Cait - Conversational AI Tool.
Candidly has made 1 acquisition, including College Finance.
Candidly has 16 investors. Key investors include Salesforce, UBS, Fiserv, Fiserv, and Financial Health Network.