What is Stilt?
Stilt operates as a specialized fintech platform dedicated to democratizing credit access for international students, DACA recipients, and visa holders. By utilizing proprietary underwriting algorithms, the company effectively bridges the gap for individuals who lack a traditional US credit history. Stilt's market position is defined by its focus on financial inclusion, transforming the way non-traditional borrowers interact with the US banking system. The company has successfully navigated the complexities of cross-border financial identity, establishing itself as a vital partner for those navigating the US immigration and education landscape.
How much funding has Stilt raised?
Stilt has raised a total of $121.5M across 3 funding rounds:
Angel/Seed
$7.5M
Debt
$100M
Series A
$14M
Angel/Seed (2020): $7.5M with participation from Streamlined Ventures, Hillsven Capital, and Liron Petrushka
Debt (2021): $100M led by SVB Financial Group
Series A (2022): $14M supported by Link Ventures and Hillsven
Key Investors in Stilt
Link Ventures
Link Ventures is a venture capital firm that invests in early stage consumer internet technology companies that are disrupting markets through the use of big data, artificial intelligence and mobile technologies.
Hillsven
Hillsven is a seed venture capital firm headquartered in the San Francisco Bay Area that targets high-growth startups and provides specific investment advantages by operating without limited partners.
SVB Financial Group
SVB Financial Group is a prominent financial services provider offering commercial and private banking, asset management, and investment services tailored to the innovation economy.
What's next for Stilt?
With the recent infusion of $14M, Stilt is expected to focus on scaling its enterprise-level operations and enhancing its credit-scoring technology. The company's strategic roadmap likely includes deepening its integration with educational institutions and immigration services to streamline the onboarding process for its target demographic. As Stilt matures, the focus will shift toward long-term sustainability and the potential for broader financial product offerings, ensuring that its users can maintain financial health throughout their professional and academic journeys in the United States. The firm remains a key player to watch in the intersection of fintech and social impact.
See full Stilt company page
