About Student Loan Hero
Student Loan Hero is a company based in New York (United States) founded in 2012 was acquired by LendingTree in July 2018.. Student Loan Hero has raised $65 thousand across 3 funding rounds from investors including LendingTree and EvoNexus. Student Loan Hero offers products and services including Loan Refinancing, Credit Card Comparison, and Insurance Services. Student Loan Hero operates in a competitive market with competitors including Payitoff, Pillar, College Cash, Nickels and Snowball Wealth, among others.
- Headquarter New York, United States
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Sectors
EducationFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tree.Com, 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
$65 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
LendingTree
& 1 more
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Employee Count
Employee Count
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Acquired by
LendingTree
(Jul 13, 2018)
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Products & Services of Student Loan Hero
Student Loan Hero offers a comprehensive portfolio of products and services, including Loan Refinancing, Credit Card Comparison, and Insurance Services. 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.
Tool for refinancing student and private loans to lower rates
Platform to compare and apply for various credit cards
Service for comparing car, home, and renters insurance options
Funding Insights of Student Loan Hero
Student Loan Hero has successfully raised a total of $65K across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(22 Aug 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Seed - Student Loan Hero | Valuation | EvoNexus |
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| Feb, 2013 | Amount | Seed - Student Loan Hero | Valuation |
investors |
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| Aug, 2012 | Amount | Seed - Student Loan Hero | Valuation |
investors |
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| 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 Student Loan Hero
Student Loan Hero has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include LendingTree and EvoNexus. 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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12-18 month incubation programs are provided for startups in California.
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Founded Year | Domain | Location | |
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Provider of a platform for loan and other consumer financial product comparison
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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 Student Loan Hero
| 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 - Student Loan Hero
| 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 |
Student Loan Hero Comparisons
Competitors of Student Loan Hero
Student Loan Hero 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 Payitoff, Pillar, College Cash, Nickels and Snowball Wealth, 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 |
API-enabled solutions for student loan repayment are offered to lenders.
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| domain | founded_year | HQ Location |
Loan management app
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| domain | founded_year | HQ Location |
Online student loan debt repayment platform
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| domain | founded_year | HQ Location |
Financial assessment and solution tools are provided for individuals.
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| domain | founded_year | HQ Location |
Student debt is managed through tools for savings and investments.
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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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Frequently Asked Questions about Student Loan Hero
When was Student Loan Hero founded?
Student Loan Hero was founded in 2012.
Where is Student Loan Hero located?
Student Loan Hero is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Student Loan Hero a funded company?
Student Loan Hero is a funded company, having raised a total of $65K across 3 funding rounds to date. The company's 1st funding round was a Seed of $40K, raised on Aug 22, 2012.
What does Student Loan Hero do?
Founded in 2012 and based in New York, United States, Student Loan Hero operates as an online platform in the fintech sector focused on student debt management. Services are provided for syncing private and federal loans, generating financial analyses, and offering repayment strategies. Users are required to input banking and loan details for registration, enabling centralized tracking and advice on loan programs.
Who are the top competitors of Student Loan Hero?
Student Loan Hero's top competitors include Payitoff, Pillar and College Cash.
What products or services does Student Loan Hero offer?
Student Loan Hero offers Loan Refinancing, Credit Card Comparison, and Insurance Services.
Who are Student Loan Hero's investors?
Student Loan Hero has 2 investors. Key investors include LendingTree, and EvoNexus.