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Chipper Raises $5.6M To Eliminate Student Loan Debt And Combat The Latinx Funding Gap

Chipper Raises $5.6M To Eliminate Student Loan Debt And Combat The Latinx Funding Gap

03/10/22, 11:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgaustin
Money raised
$5.6 million
Chipper, the app working to empower student loan borrowers to chip away at their debt faster, announced today it has received a $5.6 million seed investment. The round was led by Freestyle Capital, Slauson & Co., and Propel Venture. Backers also include investors from the Cap Table Coalition and fintech leaders Ethan Bloch of Digit, founder of Loop John Henry, and Craig Lewis of Gig Wage.

Company Info

Company
Chipper
Location
austin, texas, united states
Additional Info
Chipper is a simple app that helps users optimize and chip away at their student loan debt faster than traditional repayment methods. A comprehensive digital solution for student loan borrowers, Chipper’s algorithm identifies options for repayment, management and even loan forgiveness tailored to individual users. Chipper guides users through their recommended plans, streamlines paperwork, and provides 1-on-1 advice from its team of student loan experts. With a mission to empower student loan borrowers to make smart decisions and alleviate the burden of enormous debt, Chipper provides an authentic pathway to success and financial wellness. Founded by Tony Aguilar in 2018 and headquartered in Austin, TX, Chipper has already helped over 80,000 customers conquer student debt up to four years faster. Chipper services included provide an average savings of $309 per month. Chipper allows customers to round up everyday purchases and apply that amount to their student loans so small contributions chip away at debt to become huge savings. Chipper also offers multiple services and solutions including forgiveness, lower payments and more for all student loan borrowers.