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HomeFinTechPayitoff: Raises $8.5M in Seed Funding

Payitoff: Raises $8.5M in Seed Funding

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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

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