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Student loan benefits platform Tuition.io has received an undisclosed amount of debt financing from ORIX Corporation USA’s Growth Capital business. This marks Tuition.io’s sixth investment, adding to its five equity rounds that total $15.2 million.
Tuition.io was founded in 2011 to help graduates pay off their student loans while giving businesses a strategic differentiator to improve hiring and employee retention. The company debuted as a direct-to-consumer offering to help student loan borrowers view, understand, and compare their debt and get customized restructuring plans. Today, Tuition.io enables businesses to provide student loan repayment assistance, 529 plan contributions, and tuition reimbursement through a single, customizable interface.
“Partnering with ORIX USA marks a significant milestone for Tuition.io as we expand our mission to make education benefits more accessible and impactful for employers and their workforces,” said Tuition.io COO and CFO Scott Simmons. “This investment enables us to accelerate innovation, reach more organizations, and empower employees with the resources they need to thrive in their careers. We’re excited about the opportunities ahead and the support of ORIX USA to help drive our vision forward.”
ORIX USA’s Growth Capital business was founded in 2001 and has since provided $2.7 billion in funding to 200 companies in a range of sectors from biotech to energy.
“We are excited to partner with Tuition.io as they continue to transform the way employers support their workforce through education benefits,” said ORIX USA’s Growth Capital Business Director Austin Szafranski. “With student debt remaining a critical issue for employees nationwide, Tuition.io’s platform provides a meaningful solution that helps companies attract and retain top talent. We look forward to supporting their growth and impact in the marketplace.”
Not only does ORIX USA Growth Capital’s investment signal a vote of confidence in student loan repayment technologies, but it also shows strong interest in workforce benefits. As traditional compensation packages evolve to meet modern employee needs, debt financing deals such as this one point to increasing investor confidence in HR tech solutions with long-term impact.
Photo by Pixabay
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