About Sparrow
Sparrow is a company based in New York (United States) founded in 2020. It operates as a Aggregator Model, Freemium, and FinTech. Sparrow has raised $5.83 million across 1 funding round from investors including SoFi, College Ave and Sallie Mae. Sparrow offers products and services including Private Student Loans, Student Loan Refinancing, International Student Loans, and Parent Student Loans. Sparrow operates in a competitive market with competitors including Nelnet Bank and EdvestinU, among others.
- Headquarter New York, United States
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Sectors
Financial 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 Sparrow Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.83 M (USD)
in 1 rounds
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Latest Funding Round
$5.83 M (USD), Series A
Jan 13, 2022
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Investors
SoFi
& 4 more
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Employee Count
Employee Count
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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. 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.
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.
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $5.8M
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First Round
First Round
(13 Jan 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Sparrow | Valuation | Sozo Ventures |
| 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 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. 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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Ascent Investor Relations is engaged in providing investor relations and corporate communication services.
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Founded Year | Domain | Location | |
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Limited information is provided about SOZO Ventures' activities.
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Founded Year | Domain | Location | |
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Student loans marketplace for undergraduate and graduate education is operated.
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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 Sparrow
| 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 |
Financial Statements - Sparrow
| 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 |
Sparrow Comparisons
Competitors of Sparrow
Sparrow 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 Nelnet Bank and EdvestinU, 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 |
Operates a digital marketplace for student loan refinancing solutions.
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| domain | founded_year | HQ Location |
Provides private student loans for undergraduates, graduates, and refinancing services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Sparrow
Frequently Asked Questions about Sparrow
When was Sparrow founded?
Sparrow was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Sparrow located?
Sparrow is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Sparrow a funded company?
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 13, 2022.
What does Sparrow do?
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.
Who are the top competitors of Sparrow?
Sparrow's top competitors include Nelnet Bank and EdvestinU.
What products or services does Sparrow offer?
Sparrow offers Private Student Loans, Student Loan Refinancing, International Student Loans, and Parent Student Loans.
Who are Sparrow's investors?
Sparrow has 5 investors. Key investors include SoFi, College Ave, Sallie Mae, Ascent Investor Relations, and SOZO Ventures.
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