Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing led by Altos Ventures, with follow-on participation from Cercano Management. Candidly works with employers, retirement recordkeepers, and financial services firms to integrate its technology within their digital offerings, enabling users to pay down their student debt faster and more cost-effectively. The funding comes after a year of record growth, with Candidly seeing 10x revenue growth and a 3,600% increase in payments flowing through its platform. The company added prominent distribution partners, including Guild, Empower, Lincoln Financial Group, and Vanguard, and is now positioned to serve over 35 million Americans. Candidly aims to empower Americans to tackle student debt and build financial security, and is poised to serve one in five full-time, part-time, and gig workers in the US.
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