What is Stilt?
Stilt is a mission-driven financial technology company dedicated to empowering immigrants, international students, DACA recipients, and visa holders in the United States. The company specializes in providing access to affordable credit and facilitating the establishment of financial identity for underserved populations. By focusing on these specific demographics, Stilt addresses a critical gap in the traditional financial system, offering tailored solutions that promote financial inclusion and stability.
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 Hillsven Capital, Liron Petrushka, and Streamlined Ventures
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, leveraging big data and AI to help portfolio companies scale.
Hillsven
Hillsven is a seed venture capital firm known for its deep commitment to a select number of startups, often referred by trusted sources, and focusing on passionate founders.
Streamlined Ventures
Streamlined Ventures is a seed-stage investment firm based in Palo Alto, California, with a focus on cutting-edge technology.
What's next for Stilt?
With the recent infusion of capital, Stilt is poised for accelerated expansion and product development. The major enterprise-level funding suggests a strategic focus on scaling operations, enhancing its credit offerings, and potentially broadening its reach to new markets or customer segments. This investment will likely fuel advancements in its proprietary technology, enabling Stilt to further solidify its position as a leader in providing financial services to the immigrant and international communities. The company's commitment to financial inclusion, backed by significant backing, indicates a strong future in addressing the unique financial needs of its target demographic.
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