What is Stilt?
Stilt operates at the intersection of financial technology and social impact, providing a robust platform designed to help immigrants, international students, and DACA recipients establish a financial identity. Unlike traditional banking institutions that rely on legacy credit scoring systems, Stilt utilizes advanced data analytics to assess creditworthiness for individuals who lack a traditional US credit history. By offering tailored loan products and financial tools, the company effectively mitigates the barriers to entry for non-residents, positioning itself as a leader in the niche but high-growth immigrant financial services sector.
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
SVB Financial Group
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services. The company was founded in 1983 and is headquartered in Santa Clara, California.
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.
Streamlined Ventures
Streamlined Ventures is a seed stage investment firm. The firm focuses on the cutting edge technology. The company was established in 2013 and is headquartered in Palo Alto, California.
What's next for Stilt?
With the recent infusion of $14M, Stilt is well-positioned to accelerate its product roadmap and expand its market reach. The strategic focus will likely shift toward enhancing its algorithmic underwriting capabilities and deepening its integration with institutional partners to lower the cost of capital. As the company scales, it faces the dual challenge of maintaining its mission-driven ethos while navigating the complexities of enterprise-level financial regulation. Future growth will likely be defined by the firm's ability to maintain its competitive advantage in data-driven risk assessment while scaling its loan book to meet the needs of a growing global demographic.
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