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ChangEd - About the company

ChangEd is a seed company based in Chicago (United States), founded in 2016 by Daniel Stelmach. It operates as a Fintech app that accelerates debt payoff through automated savings and micro-payments. ChangEd has raised an undisclosed amount in funding from FIS and Reseda Group. The company has 4 active competitors, including 3 that are funded. Its top competitors include companies like Chipper, SpenDebt and Piecewise.

Company Details

Fintech app that accelerates debt payoff through automated savings and micro-payments. This financial technology company empowers individuals to manage and eliminate debt faster, offering a debt payoff app that tracks spending, rounds up purchases, and applies the savings towards debt. It provides tools to set savings goals, automate payments, and monitor progress, fostering financial freedom and reducing stress. The platform supports various debt types, including student loans, credit card debt, auto loans, personal loans and mortgages. It is not a bank, but partners with a bank to provide banking services. It aims to change the way borrowers think about debt, making repayment pain-free and helping them achieve their financial goals sooner. The app offers features like credit score monitoring, a learning center, and resources for borrowers and their families. It is a B2C tech company with a social impact business model.
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Key Metrics
Founded Year
2016
Location
Chicago, United States
Stage
Seed
Latest Funding Round
Investors
Ranked
Employee Count
17 as on May 31, 2026
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ChangEd's funding and investors

ChangEd has raised funding over 3 rounds. Its first funding round was on May 02, 2019. Its latest funding round was a Seed round on Mar 04, 2024 for $*****. 1 investor participated in its latest round. ChangEd has 6 institutional investors.

Here is the list of recent funding rounds of ChangEd:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 04, 2024
6254375
Seed
4794930
5885391
6391268
5827062
Sep 15, 2020
6363717
Seed
6226204
8264355
4569445
May 02, 2019
2127895
Seed
6139701
7625227
2730714
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ChangEd's founders and board of directors

Founder? Claim Profile
The founders of ChangEd is Daniel Stelmach.
Here are the details of ChangEd's key team members:

ChangEd's employee count trend

ChangEd has 17 employees as of May 26. Here is ChangEd's employee count trend over the years:
Employee count trend for ChangEd
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ChangEd's Competitors and alternates

Top competitors of ChangEd include Chipper, SpenDebt and Piecewise. Here is the list of Top 10 competitors of ChangEd, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for ChangEd
ChangEd
2016, Chicago (United States), Seed
Fintech app that accelerates debt payoff through automated savings and micro-payments
-
46/100
2nd
Logo for Chipper
Chipper
2017, Austin (United States), Seed
Student debt management solution
$6.75M
40/100
3rd
Logo for SpenDebt
SpenDebt
2015, Houston (United States), Seed
Automating debt payments through micro-transactions, empowering financial freedom
$150K
34/100
4th
Logo for Piecewise
Piecewise
2018, New York City (United States), Deadpooled
Debt management solution
$100K
28/100
5th
Logo for CommonCents
CommonCents
2016, New York City (United States), Deadpooled
Connects borrowers with lenders for smart payday loans online
-
25/100
6th
Logo for Zero Student Debt Initiative
Zero Student Debt Initiative
2018, Boca Raton (United States), Funding Raised
Developer of a platform for repayment of student loans
-
22/100
7th
Logo for Pickpocket
Pickpocket
2016, San Francisco (United States), Deadpooled
Debt management platform
-
19/100
8th
Logo for PayDit
PayDit
2017, Fort Collins (United States), Deadpooled
Online platform for debt repayment
-
-
15/100
9th
Logo for Genie
Genie
2021, Los Angeles (United States), Deadpooled
App-based platform for student loan repayment
-
-
15/100
10th
Logo for Sum-sum
Sum-sum
2019, Chicago (United States), Deadpooled
Debt management solution
-
-
15/100
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ChangEd's Investments and acquisitions

ChangEd has made no investments or acquisitions yet.

Reports related to ChangEd

Here is the latest report on ChangEd's sector:

News related to ChangEd

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FAQs about ChangEd

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