Today, all of us at Climb are very excited to announce that we have entered into agreements with investors — HCG Funds and Ferry Farm Capital — who will purchase $130 million of student loans that we have originated. This will allow us to expand into other areas of study — ones that help people reach their goals in a financially responsible way.
“Thousands of students have leveraged our platform to access schools and, with this transaction, we’ll be able to offer it to thousands more,” said our CEO and Co-Founder, Zander Rafael.
We’re thrilled to have the opportunity to increase education access to even more students. With the addition of this new lending capital, we look forward to seeing even more positive outcomes in the future.
To read the full press release, follow the link below!
Update: As of May 2018, the CEO of Climb Credit is Angela Ceresnie.