Company Research Report: Savi Solutions PBC

Company Overview

• Name: Savi Solutions PBC

• Mission of the Company: Savi aims to help the middle class prosper by solving the student debt crisis. The company creates cutting-edge financial technology to simplify navigation through complex decisions.

• Founded: 2017

• Founders: Aaron Smith and Tobin Van Ostern

• Key People in the Company:

• Aaron Smith: Co-founder

• Tobin Van Ostern: Co-founder

• Lindsay Clark: Chief Borrower Advocate

• Katie Mogul: Chief of Staff

• Headquarters: Washington, D.C., USA

• Number of Employees: No information is available

• Revenue of the Company: No information is available

• What the Company is Known For: Savi is known for its social impact technology aimed at addressing the student debt crisis by providing loan repayment and forgiveness solutions.

Products

• Overview: Savi offers technology that identifies better loan repayment and loan forgiveness options by analyzing individual borrower situations.

• Key Products and Features:

1. Loan Repayment & Forgiveness Platform:

• Description: Identifies the best loan repayment and forgiveness programs based on user-specific financial scenarios.

• Key Features:

• Automated enrollment in benefits like Secure 2.0

• Integration for employer benefits and loan forgiveness options

• Customized options from over 150 forgiveness and repayment plans

• Continual monitoring of new applicable benefits

• Benefits: On average, reduces borrower payments by $187/month.

Recent Developments

• Recent Developments:

• During the COVID-19 pandemic, Savi launched a tool to assist federal loan borrowers in navigating income-driven repayment plans or forbearance options.

• New Products Launched:

• Savi's Secure 2.0 matching capability for student loans integrated with partner platforms.

• New Features Added:

• Integration of HR automation to streamline employer paperwork like Public Service Loan Forgiveness.

• New Partnerships:

• Partnerships with the National Education Association Member Benefits, Service Employees International Union Member Benefits, and others during the pandemic to expand service availability.

Conclusion

This report highlights critical data on Savi Solutions PBC, emphasizing their mission to tackle the student debt crisis through innovative technology solutions. Their offerings are focused on providing accessible and efficient tools for loan management and forgiveness, benefiting millions of borrowers across the United States. As a social impact company, Savi remains committed to enhancing financial wellbeing through strategic partnerships and advancements in their core technology.