Candidly, previously known as FutureFuel, provides AI-driven student debt and savings optimization products that employers, financial institutions, retirement and wealth management firms can embed into benefits engines. Its product set includes gamified repayment, auto-payment tools, public service loan forgiveness tools and a Federal Forgiveness Finder to help access federal relief programs. The company partners with distribution and benefits platforms such as Guild, Empower, Lincoln Financial Group, Vanguard, UBS and Fiserv and says it can serve over 35 million Americans. In 2022 it helped a customer, American Eagle Outfitters, enable employees to pay down more than $100,000 in student loan debt. Candidly reports strong operating momentum: 10x revenue growth and a 3,600% increase in payments flowing through its platform year-over-year, and borrowers using its tools sent an average of $45 in extra payments per month. The company is building employer-facing capabilities to operationalize provisions of SECURE Act 2.0, including tools to let employers match student loan payments, emergency savings and tax-advantaged retirement contributions. FutureFuel.io provides a Student Debt FinHealth platform that automates loan management, optimizes federal repayment-plan enrollment, and surfaces spare-change and cashback opportunities to accelerate student-loan payoff. The product offers integrated and non-integrated delivery options (API + widget, SSO, cobranded configurations) and four solution categories: Benefit, Change, Crush, and Learn. It partners with employers and financial-services firms to deliver student-debt benefits and is used by tens of thousands of employers, corporate customers, and millions of users while addressing America’s roughly 45 million borrowers. The company reports its average user finishes repaying loans about half a decade faster and saves between $15,000 and $40,000 on repayment. FutureFuel.io emphasizes scalability, security, and a flexible integration stack to expand adoption across employers, recordkeepers, and financial-services partners. The platform already counts UBS, Fiserv, and Salesforce among commercial partners and customers, using the product as an employee benefit. FutureFuel.io, founded by Laurel Taylor, provides a SaaS Student Debt FinHealth platform that uses technology, partnerships, and machine learning to help employers address employee student debt. The platform is modular, consisting of six offerings: Repayment, Round Up, Refinancing Marketplace, Roll Up, Recalibrate, and Read. Repayment enables employer contributions to loans; Round Up directs spare change to users' highest-interest loans; Refinancing Marketplace curates competing lenders; Roll Up aggregates multiple loans for easier management; Recalibrate projects total debt, dollars, and days saved; Read delivers student-loan financial literacy content. The company reports the platform can shorten users' debt load by an average of three to five years. FutureFuel has generated initial traction with customers ranging from small and medium businesses to Fortune 500 employers and channel partners including Colonial Life, Student Choice Credit Union, and Ultimate Software. Financially, the company recently closed an $11.2M Series A, bringing total funding to $15.7M.

Total raised

$42M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2023