Gradifi, Inc

lendingother lendingonline loans

STATUS: Acquired/Merged
FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

Your employees have never been better educated. They've also never been deeper in debt. Today seven out of 10 graduates enter their first jobs with an average of $35,000 in student debt. They will take years longer to buy a house and start saving for retirement. Their burden of student loan debt is the largest of any generation.Introducing Gradifi by E*TRADE, the leader in employer-based student loan repayment. Gradifi by E*TRADE is an innovative platform that lets employers make direct contributions to their employees' student loans, and pay down their student debt up to 25% faster. It's not just a job perk, it's the right thing to do. And it's based on a timeless truth: take care of your people and they will take care of you. Gradifi is Gratitude. For more information, visit our site at https://www.gradifi.com/ or call us at 1-844-GRADIFI.

MEDICI Analysis

Gradifi was acquired by First Rebulic Bank on Dec 2016, provides a solution to reduce student loan debt. Their Student Loan Paydown plan is a program where employers help employees pay down their loans. They also work with companies to help members earn paydown rewards for using debit cards or refinancing loans etc. to help repay the debt faster.

Focus

PRODUCTS & SERVICES

Student financing platform

People

FOUNDERS

Tim DeMello

NUMBER OF EMPLOYEES

11-50

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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