Paidly offers a cloud-based platform that enables employers to provide student loan repayment benefits and 529 plan contributions, enhancing employee financial wellness and retention. By reducing the interest and payback period of student loans, Paidly helps organizations attract top talent and decrease costs associated with turnover and recruitment.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many employees struggle with student loan debt, impacting their financial wellness and ability to save for retirement. This debt can also delay major life decisions and contribute to employee stress and turnover.
Solution
Paidly offers a cloud-based platform that enables employers to provide student loan repayment assistance and 529 plan contributions as employee benefits. By making supplemental payments towards student loan principal, Paidly helps employees reduce their loan interest and shorten the payback period. This benefit enhances employee financial wellness, improves retention, and helps organizations attract top talent. The platform is designed to be easy to use for both employers and employees.
Target Audience
Paidly's primary customers are employers looking to enhance their benefits packages, improve employee retention, and attract top talent by addressing employee student loan debt.
Features
- Cloud-based platform accessible to both employers and employees
- Facilitates employer contributions towards employee student loan principal
- Enables 529 plan contributions as an employee benefit
- Reduces the interest paid and payback period of student loans
- Improves employee financial preparedness for retirement
- Easy-to-manage website for employers