LeverEdge Association

LeverEdge Association is a collaborative initiative that empowers students through collective bargaining for student loans, allowing members to secure favorable terms and lower interest rates on their educational financing. Founded in 2018, LeverEdge Association operates from Boston, US, focusing on student loan negotiation services. The company was established by Chris Abkarians, Linda Lakitsky, Nicolas Echegaray, Nikhil Agarwal, and Richard Jodhan. Since its inception, it has completed one deal, with its most recent funding round occurring on May 9, 2019.

LeverEdge Association specializes in negotiated deals for student loans, refinancing, and consolidation services. By leveraging the collective bargaining power of large groups, it engages with various lenders to secure competitive loan terms tailored to the credit profiles of its members, targeting students and graduates from diverse educational backgrounds. The revenue model of LeverEdge Association is based on commissions earned from lending institutions for each successful loan secured through its platform. The service is accessible for free to individuals, who can register without any commitment.

The company organizes competitive bids from lenders, presenting the best-negotiated offers to its members, which enhances user engagement and retention. Following its most recent funding round in May 2019 led by NFX, LeverEdge Association plans to broaden its product offerings and expand into new geographic markets. Specific details regarding upcoming products or launches have not been disclosed. As part of its growth strategy, the company aims to leverage the funding to enhance its operational capabilities and possibly enter additional markets, although specific regions targeted for this expansion have not been specified.