INSUBCONTINENT EXCLUSIVE:
Thrive, founded by Twitter alumni Deepak Rao and Siddharth Batra, wants to fund student expenses by looking at job offer letters as a way to
Today, it launched its loan platform and is accessible to students on over 400 campuses across 31 states.The San Francisco company helps
Today, the company also announced that it has picked up a $200 million credit line from Credit Suisse.Investors include Max Levchin,
the platform and upload an offer letter for an upcoming summer internship or full-time college postgraduate offer
If you take $1,000 and your internship starts in three months, and if you want to pay it back in one go, you have to pay between $21 to $45
a company like Lambda School uses
Lambda School says it gives students the option to pay zero dollars for tuition, and then pay 17% of their salary they earn from a job that
Stanford and then co-workers at Twitter
Rao comes from a low-income family, so he personally felt the blow of costs that come with being a grad student in the United States, from
flying home to paying for your laptop
Or just even dinner.Thrive declined to share specific financials or comment on profitability
Unlike other fintech companies, which have had to tighten their underwriting standards to prepare for risk due to the uncertain economy, Rao
tells A Technology News Room that Thrive will not change how willing they are to write loans.Some tech internships have been canceled due
are entering a job market with historically high unemployment
