Wins sincere “Best Student Loan Management Platform” designation in the seventh annual FinTech Breakthrough Awards program
The prestigious International Awards Program recognizes outstanding financial technology products and companies
NEW YORK, March 23, 2023–(BUSINESS WIRE)–Candidly, the market-leading student loan management platform, announced today that it is the winner of the 7th annual “Best Student Loan Management Platform” award.th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough. This is the second year in a row that Candidly has been recognized with a FinTech Breakthrough Award.
Candidly’s winning solution is an AI-powered student debt and savings optimization platform that empowers users to move beyond student debt and build wellness and wealth. The platform provides users with solutions to optimize repayment strategies, forge a path to loan forgiveness, make budget-friendly extra payments, along with financial literacy content, and a curated marketplace that enables users to access the lowest cost of capital available to them. Sincere also facilitates employer-sponsored benefits such as tax-free student loan contributions (up to $5,250 annually), SECURE 2.0-compliant student loan retirement programs, and other services such as coaching.
“We are mission-driven in everything we do, design and deliver. Candidly’s elegant and simple digital experiences empower users to make simultaneous progress in paying down debt while saving for the future. Our industry-leading platform is distributed by many of the largest financial services companies in the world, enabling us to reach one in five American workers where they work, bank and experience financial solutions,” said Laurel Taylor, founder and CEO of Candidly. “On behalf of the Candidly team, I am honored to receive this award from FinTech Breakthrough.”
Candidly is coming off a year of record growth where the company saw a 10x increase in revenue and a 3600% increase in payments flowing through the platform. Candidly also recently announced its Series B funding round, raising $20.5 million. Candidly’s distribution partners include Guild, Empower, Lincoln Financial Group, UBS, Fiserv and Vanguard, positioning Candidly to serve over 35 million Americans.
“A recent survey found that eight in 10 professionals say student debt is a significant source of stress, and can translate to disengaged employees who are more likely to quit in search of greater financial stability,” said James Johnson, CEO, FinTech Breakthrough. “Candidly is breaking through to deliver meaningful value to employers and employees alike with the industry’s most advanced student loan benefits. By partnering with leading employers, financial institutions and more, Candidly offers solutions for all users — whether you’re planning for college or paying off student debt. . Congratulations to Candidly team for taking home the award “Best platform for managing student loans” for 2023.”
FinTech Breakthrough is an independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market today. The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders and visionaries from around the world across a range of categories including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from around the world.
About Candidly
Candidly, formerly FutureFuel.io, is an AI-powered student debt and savings optimization platform that addresses the entire lifecycle of education expenses and empowers people to simultaneously make progress paying off student debt and building wealth. Sincere partners with leading employers and financial services companies that serve the workplace as 401(k) and 403(b) record keepers, financial institutions, retirement advisors and more, to embed the experience wherever a user works, banks or experiences financial services.
Candidly is backed by leading venture capital and strategic investors, including Altos Ventures, Breton Capital, Cercano Management, Impact Engine, Rethink Impact, Salesforce Ventures, Silicon Valley Bank, UBS and Unum. For more information, visit www.getcandidly.com.
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Contacts
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