PYT Funds
Curated by SignalMerger of donation based crowdfunding and lending to finance college education
Overview
The GO PYT platform is a hybrid model used to finance higher education costs. This platform is unique because there is a 3 sided revenue model and customer. It works like traditional crowdfunding sites yet is strictly for paying school costs and will help use the money raised to secure additional financing. The students, the financial institutions and the supporters and organizations are all the customers in one single transaction. It combines donation based crowdfunding and lending. The student sets the monitory target; people pledge to the campaign. In case the campaign achieves 20% of the target, the student qualifies to gain funding from the banking partners of PYT Funds without a cosigner. Funds are directly transferred to the university or college of attendance. Students who sign up are vetted through an application and interview process.
Key facts
- Founded
- 2014
- Headquarters
- Washington, United States
- Stage
- Sign up to view
- Industry
- Financial Technology
- Sector
- Crowdfunding
Business model
- GTM channel
- Sign up to view
- 8 products and services
- Sign up to view
- Commercial model
- Sign up to view
Contact
- Primary office
- Sign up to view
