Climb Credit, a NYC-based fintech company that provides financing for students to affordably learn career skills, raised an additional $50m in lending capital.
Goldman Sachs Urban Investment Group provided the financing.
The company intends to use the new capital to expand access to education for more students.
Launched in 2014 and led by Angela Ceresnie, CEO, Climb Credit provides schools with the opportunity to offer affordable financial aid to all students. The company partners with programs and schools ranging from IT, coding and data science to healthcare, welding, and heavy machine operations.
To date, the company has originated nearly $100 million worth of loans, funded the education of nearly 10,000 students and partnered with over 100 schools in career paths.