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Stilt
AcquiredYC W16San Francisco, US · Founded 2015 · Delaware corporation · 35 employees · 12 known investors
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A financial technology platform that provides APIs for launching credit products, handling regulatory compliance, underwriting, loan servicing, credit reporting, and debt capital sourcing.
Also known as Stilt (dba Onbo) · STILT, Stilt, Stilt (dba Onbo) · Onbo · Stilt Inc. · Stilt/Onbo
Founders & leadership· Y Combinator alumni (W16)
Stilt was founded in 2015 by Rohit Mittal and Priyank Singh.
Board
Investors · 12
How we know: Bragiel Brothers's portfolio page · Y Combinator's founder network · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Vibe Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$18.1M disclosed across 3 of 4 rounds · 2017–2022
▶$12.3MraisedJul 2021 · 17 investors · OtherRule 506(b)
- Priyank SinghExecutive Officer, Director
- Rohit MittalExecutive Officer, Director
- Liron PetrushkaDirector
- Offering amount
- $14.1M
- Amount sold
- $12.3M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.6MraisedOct 2019 · 17 investors · OtherRule 506(b)
- Priyank SinghExecutive Officer, Director
- Rohit MittalExecutive Officer, Director
- Liron PetrushkaDirector
- Offering amount
- $4.7M
- Amount sold
- $3.6M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$2.3MraisedMay 2017 · 18 investors · OtherRule 506(b)
- Liron PetrushkaDirector
- Priyank SinghExecutive Officer, Director
- Rohit MittalExecutive Officer, Director
- Offering amount
- $2.3M
- Amount sold
- $2.3M
- First sale
- May 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Stilt Inc. is a San Francisco-based financial technology company founded in 2015 that provides credit and personal loan products aimed at immigrants, international students, DACA recipients and visa holders — populations that often lack the U.S. credit history required by traditional lenders. Alongside consumer lending, Stilt markets financial and immigration-related services tailored to newcomers to the United States, including guidance on building credit and navigating immigration processes.
Stilt also developed a business-to-business platform, Onbo, that lets other companies launch credit products without a bank sponsor. Its APIs abstract licensing, regulatory compliance, underwriting, loan management, credit reporting and debt capital. The company participated in Y Combinator's Winter 2016 batch and had a team size of about 35. In December 2022, JG Wentworth acquired Stilt's digital lending and servicing platform, along with proprietary data sets covering more than $5 billion in loan applications and over 2.5 million bank transactions; founder and CEO Rohit Mittal became SVP of Lending at JG Wentworth.
Founding story
Co-founders Rohit Mittal (CEO) and Priyank Singh (COO) started Stilt after experiencing firsthand, as immigrants on visas, the difficulty of obtaining credit in the United States without an established domestic credit file.
Business model
Stilt operates a consumer lending business, originating and servicing credit products for underserved borrowers, and a B2B platform (Onbo) that licenses API-based infrastructure enabling fintechs and neobanks to launch credit offerings without a bank sponsor.
Revenue derives from consumer lending activity (loan origination and servicing) and from providing credit-product infrastructure to other companies via its APIs.
Traction
By the December 2022 acquisition, Stilt had raised $322 million in debt and equity, accumulated data on more than $5 billion in loan applications and 2.5 million bank transactions, and lent to borrowers from more than 150 countries. Customer review scores cited on its site are 4.7/5 and 4.8/5.
Latest developments
JG Wentworth acquired Stilt's digital lending platform in December 2022, with Rohit Mittal joining as SVP of Lending and JG Wentworth planning to begin originating loans in the first half of 2023. Stilt's website continues to present financial and immigration-related services for immigrants.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned as a lender and credit-infrastructure provider for immigrant and thin-file borrowers in the U.S.; after the 2022 transaction its platform underpins JG Wentworth's entry into consumer lending, initially focused on debt consolidation loans.
Underwriting and credit products designed for borrowers without established U.S. credit histories, combined with infrastructure that lets partners launch credit products without a bank sponsor.
Technology
API-based lending infrastructure that abstracts licenses, regulatory compliance, underwriting, loan management systems, credit reporting and debt capital sourcing, supported by proprietary data sets spanning more than $5 billion in loan applications and over 2.5 million bank transactions and used for automated, rapid underwriting decisions.
Go-to-market
Direct-to-consumer acquisition supported by content marketing and educational resources on immigrant finance and immigration topics, combined with an API/platform offering sold to fintechs and neobanks seeking to launch credit products.
Immigrants, international students, DACA recipients and visa holders in the United States who are underserved by traditional credit providers, plus fintech companies and neobanks that want to offer credit products.
Geography
Headquartered in San Francisco, California, with lending focused on U.S.-based borrowers; the company has lent to people originating from more than 150 countries. Acquirer JG Wentworth has offices in Chesterbrook, Pennsylvania and Silicon Valley.
History
Founded in 2015 by immigrants on U.S. visas, Stilt joined Y Combinator's Winter 2016 batch. It built an end-to-end digital lending and servicing platform, raising $322 million in debt and equity over its life, including a reported $114 million debt-and-equity round in March 2022 to support its credit-infrastructure API. In December 2022, JG Wentworth acquired the digital lending platform from Stilt Inc.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through Stilt went on to found or lead other companies.
Related companies · 9
Companies working in the same space as Stilt.
Timeline · 2
launches, deals, and filingsJG Wentworth announced the acquisition of the digital lending platform from Stilt Inc., a San Francisco-based fintech and personal loan lender, accelerating JG Wentworth's entry into consumer lending. The deal added Stilt's proprietary data sets, covering over $5 billion in loan applications and more than 2.5 million bank transactions. Stilt CEO Rohit Mittal became SVP of Lending at JG Wentworth. JG Wentworth said it expected to begin originating loans in the first half of 2023.
Press coverage reported Stilt raising $114 million in debt and equity to help fintechs and neobanks launch credit offerings via its API.
$114M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 2
corporate structureIn the news
▸Research sources · 4
primary sources listed
- Drywall Stilts by SurPro | Stilts.comstilts.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Stilt do?
- Stilt is a San Francisco fintech offering credit products and lending APIs for immigrants, acquired by JG Wentworth in 2022.
- Who founded Stilt?
- Stilt was founded by Rohit Mittal, Priyank Singh in 2015.
- Who are Stilt's investors?
- Stilt's investors include Bragiel Brothers, Earl Grey Capital, Vibe Capital, Y Combinator, Firebolt Ventures Management Company, Llc, Hillsven, Investo Capital, Link Ventures and 4 more.
- How much funding has Stilt raised?
- Stilt has disclosed $18.1M raised across 3 of its 4 known rounds.
- Where is Stilt headquartered?
- Stilt is headquartered in San Francisco, US.