Payitoff: Raises $8.5M in Seed Funding
- Payitoff, a NYC-based company building infrastructure to automate and optimize every aspect of debt management — starting with student loans, raised $8.5M in seed funding
- The round was led by Lightspeed Venture Partners, with participation from Sound Ventures, Struck Capital and Social Leverage
- The company is building infrastructure to automate and optimize every aspect of debt management, starting with student loans
- The company partners with fintechs, workplace providers and financial institutions to provide them with technology solutions that produce financial outcomes for borrowers
- With company’s smart repayment pipes, financial services providers can abstract detailed debt data that enables them to improve outcomes for their customers
