Capital Raise Profile Ravi Sawnhey Co-founder, LoanGifting Founded 2014 Funding History $120K (Founders); $200K (Seed-1), $700K (Seed-3) Seeking $10M Series A over 15 months
“Everyone that we talk to wants some type of student debt relief. They are looking for any type of relief they can find. Anything extra they can do. We are here to help them.”
Company Summary
LoanGifting was created for today’s youth— full of ambition and unlimited potential— and those determined to help them realize a debt-free and productive life. Company Mission
To provide a single point of contact for every-thing having to do with student debt.
In co-founding LoanGifting, Ravi Sawnhey brought more than 25 years of creative experience to the table, uniquely positioned as someone who had gotten their hands dirty in all aspects of design – physical and digital. Founded in 2013, LoanGifting now has 100,000 members and recently signed long-term contracts with what Sawnhey describes as ““major major players.” Beyond his disruption of the student loan and student debt space, Sawnhey has built a career as a partner more than an advisor or consultant to brands and products across industry. With each partnership and on each step of the journey, he applies his proprietary design method (taught at higher education institutions like USC and Harvard) – psycho-aesthetics. It’s this outside the box approach to a problem and the product being built to fix said problem that has suited Ravi so well for decades in design. Sawnhey and his team attract clients and partners because of their methodology. “This methodology has led to a track record of diverse disruptions across markets … we are able to look into people’s heads and hearts and we take things from ideation through to execution,” Sawnhey notes. As he is doing at LoanGifting – which recently brought on a CEO, Daniel Toomey, allowing Sawnhey to transition to a seat on the company’s board – Sawnhey turns ideas into success, no matter where he looks. “Everywhere we look we are able to identify needs and opportunities for innovation ... this has been something we’ve been doing under the radar for decades now as we’ve stayed busy.”
VS Report - LoanGifting
CSQ WINTER 2018
127