Payitoff provides APIs and low-code solutions that automate and optimize student loan debt management for fintechs, workplace providers and financial institutions. Its platform abstracts detailed, reliable debt data and fully automates federal loan assistance programs, delivering approvals in about 10 days versus the industry standard of six weeks. Partners can embed Payitoff’s smart repayment pipes in minutes, and the company says partners save the average borrower roughly $2,800 per year. Payitoff plans to expand its product line to other debt verticals and is actively hiring across engineering, sales, customer success and operations. The company was founded in 2017 and is headquartered in New York.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2021