Climb Credit is a NYC-based student lending company that provides affordable financing for career-skill programs. It identifies, selects, and funds career-relevant training intended to increase graduates' earning potential, covering programs from software engineering and data science to teaching and heavy equipment operation. The company verifies school quality through a proprietary return-on-investment calculation that reviews cost, time to completion, graduate performance, job placement, starting salaries, and salary growth. Led by CEO Angela Ceresnie, Climb positions itself to expand socioeconomic opportunity for lower- and middle-income Americans. To date it has originated over $100 million in loans, funded the education and skills training of over 11,000 students, and partnered with more than 140 schools and post-graduate training programs. The company plans to use the new funding to roll out an outcomes-based loan within the next year. Climb Credit is an NYC-based fintech that provides financing for students to affordably learn career skills. Launched in 2014 and led by CEO Angela Ceresnie, the company partners with programs and schools ranging from IT, coding and data science to healthcare, welding, and heavy machine operations. Climb provides schools with the opportunity to offer affordable financial aid to all students. To date the company has originated nearly $100 million in loans, funded the education of nearly 10,000 students, and partnered with over 100 schools. The company raised an additional $50M in lending capital from Goldman Sachs Urban Investment Group. It intends to use the new capital to expand access to education for more students. Climb Credit, founded in 2014, builds a student‑lending business focused on funding “high ROI” education that leads to employment. The company identifies schools that link training to employer demand and builds outcome databases to underwrite loans. It partners with roughly 40 schools operating across about 70 campuses, including coding bootcamps (General Assembly, The Iron Yard, Galvanize), medical and industrial training programs, and newer programs like Minerva. Climb negotiates agreements with partner schools to reduce a borrower’s repayment obligation if the student cannot find a job. The founders—Zander Rafael, Amit Sinha, and Vishal Garg—previously founded MyRichUncle and worked on FinanceMyFuture (Future Finance). Financially, Climb has secured a large lending facility and raised a small venture round to fund operations.

Total raised

$462M

Funding rounds

4

Latest round

Series A

Latest activity

Jun 2019