About Sparrow
Sparrow is a Financial Services company based in New York (United States) founded in 2020. Sparrow is recognized as a leading student loan search platform. It operates on a Aggregator Model, Freemium, and FinTech model. Sparrow has raised $5.83 million across 1 funding round from investors including SoFi, College Ave and Sallie Mae. Its website sparrowfi.com draws about 81 thousand monthly visits. Sparrow offers products and services including Private Student Loans, Student Loan Refinancing, International Student Loans, and Parent Student Loans. Its focus areas include Financials, Consumer Finance and Student Loans. Its legal entity is Sparrow Labs, Inc. Its competitors include Nelnet Bank and EdvestinU.
Company details
Sparrow is established as a prominent platform for student loan searches in the United States. It is utilized by hundreds of thousands of students to find personalized, affordable loan rates. Various loan types, including private, international, graduate, undergraduate, and parent loans, are covered. Partnerships with over 17 lenders and numerous schools nationwide are maintained. Cost savings and time efficiency are prioritized through a free, risk-free service that does not impact credit scores. The platform is designed for scale, being the fastest-growing student financing solution in the country.
- Headquarters New York, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sparrowfi.com
- Social LinkedIn X Facebook Instagram
- Legal Name Sparrow Labs, Inc.
- Total Equity Funding$5.83M (USD)
in 1 rounds
- Latest Funding Round$5.83M (USD), Series A
Jan 2022
- InvestorsSoFi
& 4 more
Products & Services of Sparrow
Sparrow offers a comprehensive portfolio of products and services, including Private Student Loans, Student Loan Refinancing, International Student Loans, and Parent Student Loans.
Personalized rates for private student loans are provided.
Refinancing options for student loans are offered efficiently.
Loans for international students are facilitated through partnerships.
Loans for parents supporting students are made available.
Funding Insights of Sparrow
Sparrow has successfully raised a total of $5.83M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.83 million completed in January 2022. 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 $5.83M
- Total Rounds 1
- Last Round Series A — $5.83M
- First Round $5.83M
(Jan 2022)
- Investors Count 5
All 1 funding rounds of Sparrow with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $5.83M | Series A | – | Sozo Ventures |
5 investors in total: 4 institutional and 1 angel.
Investors in Sparrow
Sparrow has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include SoFi, College Ave and Sallie Mae.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Ascent Investor Relations is engaged in providing investor relations and corporate communication services. | ascent-ir.com | New York, USA | ||
Limited information is provided about SOZO Ventures' activities. | sozo.ventures | |||
Student loans marketplace for undergraduate and graduate education is operated. | 2014 | collegeavestudentloans.com | Wilmington, United States | |
Various consumer loans and financial services are offered online. | 2011 | sofi.com | San Francisco, United States | |
SM Sallie Mae | unknown_c04a3a64d09340239 |
Investor details for Sparrow
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People of Sparrow
4 people are tracked at Sparrow (4 in leadership).
| Name | Role | Group |
|---|---|---|
Harrison Hochman | Co-founder & CEO | Leadership |
Camden Ford | Director Of Operations & Product Management | Leadership |
Daniel Kahn | COO and Co-founder | Leadership |
Griffin Morris | CTO | Leadership |
Complete people profiles for Sparrow
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Timeline of Sparrow
2 dated milestones of Sparrow across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Sparrow is founded.
- Funding First funding round of $5.8M.
Competitors of Sparrow
Sparrow has 2 listed competitors in our database. They include Nelnet Bank and EdvestinU.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nelnetbank.com | 2018 | Draper, United States | Operates a digital marketplace for student loan refinancing solutions. | |||
| edvestinu.com | 2013 | Concord, United States | Provides private student loans for undergraduates, graduates, and refinancing services. |
Detailed competitors of Sparrow
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Web traffic of Sparrow
The website of Sparrow (sparrowfi.com) receives about 81.3K visits a month.
- Monthly visits81.3K
▲ 81.8% vs previous month
Websites whose visitors overlap most with Sparrow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| earnest.com | 100% | 795.4K | #61,447 | View details | |
| novacredit.com | 86% | 213.9K | #231,463 | View details | |
| campusdoor.com | 70% | 93.7K | #362,416 | View details | |
| salliemae.com | 64% | 2.6M | #20,647 | View details | |
collegeave.com | collegeave.com | 61% | #84,413 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Sparrow
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- 10 similar websites
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Top companies in Alternative Lending
3 companies that operate in the same segment as Sparrow (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Sparrow
Complete news archive for Sparrow
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Frequently Asked Questions about Sparrow
Sparrow was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Sparrow is headquartered in New York, United States. It is registered at New York, New York, United States.
Sparrow is a funded company, having raised a total of $5.83M across 1 funding round to date. The company's 1st funding round was a Series A of $5.83M, raised on Jan 2022.
Sparrow is established as a prominent platform for student loan searches in the United States. It is utilized by hundreds of thousands of students to find personalized, affordable loan rates. Various loan types, including private, international, graduate, undergraduate, and parent loans, are covered. Partnerships with over 17 lenders and numerous schools nationwide are maintained. Cost savings and time efficiency are prioritized through a free, risk-free service that does not impact credit scores. The platform is designed for scale, being the fastest-growing student financing solution in the country.
Sparrow's top competitors include Nelnet Bank and EdvestinU.
Sparrow offers Private Student Loans, Student Loan Refinancing, International Student Loans, and Parent Student Loans.
Sparrow has 5 investors. Key investors include SoFi, College Ave, Sallie Mae, Ascent Investor Relations, and SOZO Ventures.
Sparrow operates through Sparrow Labs, Inc..