Candidly, a financial wellness platform based in New York, has announced that it has successfully raised $20.5 million in Series B funding. The funding round was led by Altos Ventures, with follow-on participation from Cercano Management.
Candidly’s CEO Laurel Taylor is excited about the recent funding. She said it puts the company in a unique position of opportunity and responsibility. The funding empowers financial service companies to engage and transform the financial wellness of those who believe that education is part of their path to prosperity.
Candidly offers a comprehensive suite of SECURE Act 2.0 solutions that include multiple integration and branding options. These options enable incumbents to quickly bring products to market using innovative technologies, algorithms, and digital experiences developed by Candidly.
The suite of solutions provided by Candidly addresses the entire lifecycle of education expenses. It also helps people pay off their student debt while building wealth. Candidly’s approach empowers users to make simultaneous progress towards these financial goals
In 2022, Candidly added prominent distribution partners such as Guild, Empower, Lincoln Financial Group, and Vanguard, to its list of existing partners, including UBS and Fiserv. This expansion allowed Candidly to serve over 35 million Americans, which is one out of every five full-time, part-time, and gig workers in the United States.
Candidly partners with leading employers, financial institutions, retirement plan advisors, wealth management firms, and core banking providers, such as UBS, Fiserv, and Salesforce. This helps to embed its experience anywhere a user works, banks, or experiences financial services. The company understands that education is one of the largest investments most people will make in a lifetime, whether for themselves or their children.
Candidly aims to offer trusted, intelligent, and comprehensive solutions that enable Americans to reap the rewards of their investment in education, helping them to build financial wellness and wealth.
About Candidly
Candidlyis a fully configurable financial wellness platform that addresses student debt, retirement savings, and beyond. The platform provides personalized financial guidance to help users make informed decisions and achieve their financial goals. It also offers tools for budgeting, debt management, and investment planning.
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