Defynance operates as a loan refinancing and investing platform. It helps refinance student loans with debt-free income share agreements. It uses an algorithm to predict the right income share and continually optimize pricing. The company was founded in 2018 and is based in Tampa, Florida.
Defynance's Product Videos
Defynance's Products & Differentiators
ISA Student Loan Refinancing
Utilizing the Defynance ISA, we pay off the student loan of our ISA customers in exchange for their agreement to share income with us for a set term that can range between 5 to 15 years. This immediately improves our customers credit and aligns their goals with ours. Risk and reward is also balanced as part of the ISA structure. Our ISA Customers receive downside protection if their income decreases because the payment reduces proportionately and even pauses if income falls below a minimum amount. In this situation, as opposed to lenders, we proactively assist our customers recover from financial duress. On the other hand, we also share in the reward when their income increases but also provide upside protection in the form of a payment cap, prepayment, buyout, and even a cash return at the end.
Expert Collections containing Defynance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Defynance is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Defynance Frequently Asked Questions (FAQ)
When was Defynance founded?
Defynance was founded in 2018.
Where is Defynance's headquarters?
Defynance's headquarters is located at 5004 East Fowler Avenue Suite C322, Tampa.
What is Defynance's latest funding round?
Defynance's latest funding round is Incubator/Accelerator.
How much did Defynance raise?
Defynance raised a total of $120K.
Who are the investors of Defynance?
Investors of Defynance include The TELUS Community Safety and Wellness Accelerator and Techstars Boulder Accelerator.
Who are Defynance's competitors?
Competitors of Defynance include Gradifi and 8 more.
What products does Defynance offer?
Defynance's products include ISA Student Loan Refinancing and 2 more.
Compare Defynance to Competitors
Vested Finance operates as a financial investment platform. It allows users to invest in United States stocks and exchange-traded funds (ETFs) from India. It was founded in 2018 and is based in El Segundo, California.
Upside is a financial services company that operates in the loan and investment sectors. The company offers personal and student loans with a unique feature: a portion of each loan payment is automatically invested, helping customers build wealth as they pay off their debt. Upside primarily serves individuals seeking to refinance their student loans or credit card debt. It was founded in 2020 and is based in Boston, Massachusetts.
Tuition.io is a company that focuses on providing education assistance benefits in the financial services industry. The company offers a range of services including student loan management tools, student loan repayment assistance, and tuition assistance, all designed to help employees manage their student loans and further their education. Tuition.io primarily sells to employers and benefit providers in various sectors. It was founded in 2011 and is based in Santa Monica, California.
Curevl is a company that focuses on delivering consumer financial products and services, operating primarily in the financial sector. The company's main offerings include managing loan programs for credit unions, overseeing payment processing, customer service, and default management, and creating liquidity options that decrease balance sheet risk and credit concentration. Curevl primarily serves the financial institutions sector, with a particular focus on credit unions. Curevl was formerly known as GreenNote. It was founded in 2007 and is based in Richardson, Texas.
Brighte is a company that focuses on the financial and sustainable energy sectors. It provides financing solutions for solar systems and energy-efficient home products, making these sustainable upgrades more affordable and accessible. The company primarily serves the residential and small to medium-sized business sectors. It was founded in 2015 and is based in Sydney, New South Wales.
Thrive is a financial technology company that operates in the credit card industry. The company offers a credit card with features such as no annual fee, rewards on purchases, and the ability to control subscriptions with disposable card numbers. The card also provides various benefits such as cell phone protection, trip interruption reimbursement, and purchase security. It was founded in 2017 and is based in San Francisco, California.