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
Locked
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Sparrow
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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.
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 |
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Ascent Investor Relations is engaged in providing investor relations and corporate communication services.
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Limited information is provided about SOZO Ventures' activities.
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Student loans marketplace for undergraduate and graduate education is operated.
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Investor details for Sparrow
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Investments & Acquisitions by Sparrow
Investment portfolio details for Sparrow
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Financial Statements - Sparrow
Detailed financials for Sparrow
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Sparrow Comparisons
Peer comparison for Sparrow
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Operates a digital marketplace for student loan refinancing solutions.
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Provides private student loans for undergraduates, graduates, and refinancing services.
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Detailed competitors of Sparrow
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Latest news on 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.
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.