LoanBYE is a Pittsburgh-based company that provides comprehensive student loan debt relief solutions as part of an employer benefits package. Its platform supports direct employer contributions, retirement savings through 401k matches, and tools to assess and enroll employees into loan forgiveness programs. The company focuses on bridging the gap between debt‑burdened employees and mission‑driven employers, with an emphasis on early education centers and childcare providers serving underserved communities. LoanBYE plans to use the proceeds from a foundation investment to develop its student debt‑focused employee benefit platform and to partner with childcare-focused organizations serving low‑income or vulnerable populations. Co-founder Krish Pandya says LoanBYE’s market‑based solutions could work hand in hand with government programs. The company received a $300,000 investment from the Richard King Mellon Foundation to support these efforts.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2024