• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Sponsored Post
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
    • Startup Jobs
  • Domain Names for Startups
  • About
    • How to raise venture capital
    • How to raise seed funding from angel investors
    • How private equity and venture capital firms operate
    • What is the difference between private equity and VC funding?
    • What technology trends are considered hot among VC firms?
    • What is elevator pitch?
    • What is startup burn rate?
    • Does failure to launch a startup spell the end of the entrepreneur’s ambitions?
    • How to avoid pitfalls in founding a startup
    • Why do startups fail?
    • What are the traits of successful startup founder?
    • What are startup vanity metrics?
    • Why investing in the next generation of women and diverse entrepreneurs is a crucial part to the success of the tech infrastructure
    • Where are VCs seeing opportunity
    • How do startup valuations work?
    • What is startup accelerator?
    • How to scale an early-stage startup team, how much to pay and how to distribute equity
    • Don’t mix business with friendship: when it comes to building a founding team for a startup, this adage may not always apply
    • What is a social unicorn?
    • Secure Your Startup’s Future: The Importance of Succession Planning
  • Contact

Goodly Announces $1.3M in Seed Funding to Make Student Loan Assistance a Mainstream Employee Benefit

March 27, 2019 By admin Leave a Comment

Goodly, the leading platform for student loan assistance as an employee benefit, announced today a seed funding round of $1.3 million. The investment was led by Norwest Venture Partners with participation from Y Combinator, Ace & Company, Zeno Ventures and several prominent angel investors.

The company, founded in San Francisco by Gregory Poulin and Hemant Verma, launched at Y Combinator in 2018 to help employers recruit and retain employees by easing the burden of student loan debt for the 45 million Americans that collectively carry $1.6 trillion in student debt.

“Goodly came from my own personal experience with student loans. After my father passed away unexpectedly, I had to borrow $80k to pay for my education at Dartmouth College,” said Gregory Poulin, Co-founder and CEO. “For many employers, offering student loan assistance is a no brainer. We’re witnessing the hottest job market in a generation. One key to improving employee retention is to provide meaningful benefits, not just fun perks. With 70 percent of employees graduating with significant student debt, it’s not surprising that job seekers are attracted to employers that offer help with their student loans.”

Goodly’s platform is the first to allow employers to make monthly payments, integrated with their payroll, directly to employees’ student debt. The turnkey platform lets employers make regular contributions towards paying down employees’ student loans, while allowing employees to automate their regular payments and access expert student loan counseling through Goodly’s student loan wellness platform. Goodly’s platform gives users all of the resources they need to manage their student loans from one dashboard.

“Goodly’s mission is to help employers recruit and retain employees by offering practical employee benefits,” said Hemant Verma, Co-founder and CTO. “Data shows that a majority of millennial employees would trade everything from PTO, 401k match, and even health insurance to have student loan benefits. Student loan benefits can be a deciding factor for job seekers to accept an offer of employment, and a way for employers to attract top-performing talent by offering to support their financial future.”

Poulin and Verma bring deep domain expertise in building and scaling human resources and employee benefits software to Goodly from their experience as early employees of the human resources startup Rippling.

“As attracting and retaining the best talent at companies becomes increasingly difficult, we see our portfolio companies using creative ways to stay competitive,” said Jeff Crowe, managing partner at Norwest Venture Partners. “Millennials highly value student loan repayment benefits when choosing employers, and we think Goodly is best positioned to become the go-to platform for offering this benefit.”

Studies repeatedly show that student loan repayment assistance is one of the most desired employee benefits and is essential to attracting top talent. But, many employers hold off on offering this benefit because they don’t know where to start, or are worried about the administrative workload it would add. Goodly’s platform syncs with payroll and HR systems to automate student loan benefits, streamlining the process for employers.

About Goodly
Goodly is the industry leading platform that lets any employer offer student loan assistance to employees easily and affordably. The turnkey employer solution lets employers make regular contributions towards paying down employees’ student loans. By leveraging its superior technology, Goodly has made student loan benefits accessible and affordable for teams of any size and budget. Companies that offer Goodly are able to better attract and retain top talent by providing meaningful benefits that support and engage employees. For more information, please visit www.goodlyapp.com.

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

AI reality vs. myth: predictions for 2024
Cloudflare is introducing the concept of the “connectivity cloud”
Robotic Revolution: Japan’s Surging Industrial Robot Market and China’s Dominance
China’s Poaching of Water Technologies from the West: A Serious Concern
Market Scenario of China Banning Exports of Rare Earth Materials and Electric Batteries
Navigating Markets through a 4-Dimensional Research Data Model
A Markov Chain-Based Approach for Forecasting Emerging Technologies: An Extended Analysis

Market Research Media

The Evolution of RSS Feeds: A Media Analyst’s Perspective
AI-Enhanced 4-Dimensional Market Dynamics Analysis: Unveiling Trends, Segmentation, Behavior, and Evolution through Markov Chain Modeling
Autotutoring Market: Personalized Learning and Technological Innovation at the Forefront
Integration of Generative AI and Large Language Models for Enterprises
The Decline of Chinese Media Under Authoritarian Rule: Economic Implications
Algorithmic Bias in Media Recommendation Systems: Unveiling Challenges and Pursuing Fairness
U.S. Federal IT Market Forecast

Secondary Sidebar

Technologies

Apple has announced the winners of the 2023 App Store® Awards
Aalyria and Airbus Collaborate on High-Speed Aerial and Spaceborne Networks
Entrepreneurship Program at Argonne National Laboratory Opens Applications for Startups
Toyota is nearing mass production of solid-state batteries
Cloudflare and Meta Partner to Democratize Access to Llama 2 Open Source Large Language Model (LLM)

Tech Events

Smart City Expo 2023 Reshapes Urban Futures with Unprecedented Participation and Innovation Showcase
SAP SBN User Conference is taking place on October 17-18, 2023 in Oslo, Norway
2023 European Conference on Optical Communication (ECOC) in Glasgow, Scotland, October 2-4, 2023
Bloomberg Technology Summit, October 24t, 2023, London
Imagine 2023, Edge AI Conference, September 27, 2023, Computer History Museum, Mountain View, California

Footer

Recent Posts

  • Silverflow Secures €15 Million Investment to Revolutionize Global Payment Processing
  • Myrror Security, an Israeli company specializing in application security for organizations using open-source packages, has officially launched with $6 million in seed funding
  • Iron Nation Launches Volunteer Emergency Impact Fund to Support Israeli Start-ups Affected by Recent Conflict
  • UnitX, a robotics company specializing in AI vision systems, secures $5 Million
  • UserEvidence, a customer voice platform, secured $9 million in Series A funding
  • Cisco’s $28 Billion Splunk Deal Could Ignite Wave of Software Acquisitions
  • Techstars and The Ohio State University Partner to Boost Software Startups in Columbus
  • Atlys Secures $12M to Revolutionize Visa Processing and Travel Experience
  • Afterparty Raises $5 Million Funding to Revolutionize Creator-Fan Interactions with Afterparty AI
  • Elevator Pitch: BornIntoLuxury.com (Born Into Luxury)

Dossier

Recommendatory.com
Playscript.org: A Comprehensive Repository for Theatre Scripts and Resources
Argil.org: Craft Any Application with Clay-Like Flexibility
Westophobia.com
Preconfiguration.com

Press Media Release

We stand by Israel
How to do PR on a budget
Editorial: The Yom Kippur War and its lessons for today
Navigating the New Media Landscape: From Print to Pixels
Analysis 2023

App Coding

Cloudflare Empowers Developers with Full-Stack AI Applications on its Global Network
Building a simple SMS (Short Message Service) application using SQLite and jQuery
Rust for Mobile Apps
Comparison of Design Principles: Mobile Apps vs. Desktop Software
Viral App Ideas to Code for Massive User Engagement

API Coding

Building a Cloudflare-Powered News Republishing API
API Coding Opportunities in Headless Web Publishing
AI-Enhanced API Gateway
Building Powerful APIs for Gaming
Building an API Server to Harness the Power of Large Language Models

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT