Edly
Briarcliff Manor, US · Founded 2019 · Delaware corporation · 4 known investors
Find your way into Edly
Edly is a private student loan platform offering income-based repayment (IBR) loans, including a no-cosigner option for students within a year of graduation. It provides pre-qualification without a hard credit pull, forbearance options, and repayment amounts that adjust to post-graduation income, aimed at helping students close their tuition funding gap.
Founders & leadership
Edly was founded in 2019 by Christopher Ricciardi.
CR
Christopher RicciardiinFounder
CT
Charles TraftonNamed on SEC filing
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Daniel GilbertNamed on SEC filing
Board
PS
CC
Investors · 4
Reported raises · per SEC filings
Form D private placements$9.2M disclosed across 6 rounds · 2019–2022
▶$4.1MraisedSep 2022 · 11 investors · Business ServicesRule 506(b)
▶$4.1MraisedSep 2022 · 11 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Chris RicciardiExecutive Officer, Director
- Amount sold
- $4.1M
- Minimum investment
- $20K
- First sale
- Sep 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$2.6MraisedAug 2021 · 6 investors · OtherRule 506(b)
▶$2.6MraisedAug 2021 · 6 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Code CubittDirector
- Christopher RicciardiExecutive Officer, Director
- Lars NorellDirector
- Pablo SrugoDirector
- Amount sold
- $2.6M
- Minimum investment
- $50K
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$32KraisedSep 2020 · 5 investors · Other Banking and Financial ServicesRule 506(c)
▶$32KraisedSep 2020 · 5 investors · Other Banking and Financial Services
Rule 506(c)Officers, directors & promoters on the filing
- CHARLES TRAFTONExecutive Officer
- CHRIS RICCIARDIExecutive Officer, Promoter
- Offering amount
- $2M
- Amount sold
- $32K
- Minimum investment
- $5K
- Sales commissions
- $640
- Placement agents
- MICROVENTURE MARKETPLACE INC
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06c
▶$1.4MraisedMay 2020 · 7 investors · OtherRule 506(b)
▶$1.4MraisedMay 2020 · 7 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Charles TraftonExecutive Officer, Director
- Christopher RicciardiExecutive Officer, Director
- Code CubittDirector
- Lars NorellDirector
- Pablo SrugoDirector
- Offering amount
- $2.5M
- Amount sold
- $1.4M
- First sale
- May 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$500KraisedJan 2020 · 5 investors · OtherRule 506(b)
▶$500KraisedJan 2020 · 5 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Lars NorellDirector
- Code CubittDirector
- Charles TraftonExecutive Officer, Director
- Pablo SrugoDirector
- Christopher RicciardiExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $500K
- Minimum investment
- $30K
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$600KraisedSep 2019 · 1 investors · OtherRule 506(b)
▶$600KraisedSep 2019 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Christopher RicciardiExecutive Officer, Director
- Charles TraftonExecutive Officer, Director
- Pablo SrugoDirector
- Daniel GilbertDirector
- Code CubittDirector
- Offering amount
- $600K
- Amount sold
- $600K
- Minimum investment
- $600K
- First sale
- Aug 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlapSparrow Labs Inc.6 shared keywordsSparrow provides financial software that enables equitable lending by helping borrowers find affordable student loans and allowing businesses to offer loan access to their users through its platform.
LendEDU4 shared keywordsLendEDU publishes educational resources and comparative reviews to help consumers make informed financial decisions about loans, mortgages, and other financial products. The company earns revenue from affiliate partnerships with financial service providers featured on its platform.
Companies competing with Edly for the same Google search keywords, organic and paid, via search-intersection analysis.
Acquisitions · 1
Early investors' stakes continue via these dealsAvenify
Avenify was a fintech startup that offered income-share agreements to help nursing students finance their education without upfront debt.
In the news
Frequently asked questions
- What does Edly do?
- Edly is a private student loan platform offering income-based repayment (IBR) loans, including a no-cosigner option for students within a year of graduation. It provides pre-qualification without a hard credit pull, forbearance options, and repayment amounts that adjust to post-graduation income, aimed at helping students close their tuition funding gap.
- Who founded Edly?
- Edly was founded by Christopher Ricciardi in 2019.
- Who are Edly's investors?
- Edly's investors include Allied Venture Partners, Azure Ventures Group, Mistral Venture Partners, Social Starts.
- How much funding has Edly raised?
- Edly has disclosed $9.2M raised across 6 rounds.
- Where is Edly headquartered?
- Edly is headquartered in Briarcliff Manor, US.