Meritize, a Frisco, Texas-based education lender that uses an individual’s academic, military and work achievements to enhance credit evaluation and expand funding for skills-based careers, closed on a $13.2M Series A funding round.
The round was led by Colchis Capital with participation from CLC, Chicago Ventures, Cube Financial Holdings, ZZ Ventures, Socratic Ventures, ECMC Group, University Ventures, PC Squared and the management.
The company will use the funds to scale operations growth and enhance technology.
Led by CEO Chris Keaveney, Meritize is an education lender that uses an individual’s academic, military and work achievements to enhance credit evaluation and expand funding for skills-based career development. The company’s proprietary merit-based lending program leverages individual academic and experiential data to increase access to educational funding and improve outcomes. The Meritize SkillsBuilding™️ platform supports skills-based education and employer talent development to help close the skills gap and build skills-based careers.