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Sallie Mae - About the company

Sallie Mae is a public company based in Newark (United States), founded in 1972. It operates as a Commercial Bank. The company has 7106 active competitors, including 198 funded and 1447 that have exited. Its top competitors include companies like Truist, Citi and KeyBank.

Company Details

In 2014 the company recorded annual revenues of $6.26B, and a net profit of $1.41B.
Social
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Email ID
*****@banking.salliemae.com
Registered Address
Newark, Delaware
Key Metrics
Founded Year
1972
Location
Newark, United States
Stage
Public
Ranked
Employee Count
3,192 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public

Sallie Mae's IPO details

Sallie Mae got listed on Mar 16, 2014.
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Sallie Mae's funding and investors

Sallie Mae is a funded company.

Sallie Mae's founders and board of directors

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Sallie Mae's employee count trend

Sallie Mae has 3,192 employees as of Sep 26. Here is Sallie Mae's employee count trend over the years:
Employee count trend for Sallie Mae
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Sallie Mae's Competitors and alternates

Top competitors of Sallie Mae include Truist, Citi and KeyBank. Here is the list of Top 10 competitors of Sallie Mae, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Truist
Truist
1872, Charlotte (United States), Acquired
Commercial Bank that also provides other wealth management services
$900K
78/100
2nd
Logo for Citi
Citi
1812, New York City (United States), Public
Provider of financial services including banking, markets, international, and wealth management
-
78/100
3rd
Logo for KeyBank
KeyBank
1849, Cleveland (United States), Public
Provider of personal banking, small business, and wealth management services
-
77/100
4th
Logo for Bank of America
Bank of America
1998, Charlotte (United States), Public
Commercial bank and asset management firm
-
76/100
5th
Logo for United Bank for Africa
United Bank for Africa
1949, Lagos (Nigeria), Public
Commercial bank
$7M
75/100
6th
Logo for Capital One
Capital One
1988, Mclean (United States), Public
Provider of loans, credit cards, and savings services
-
75/100
7th
Commercial bank
-
74/100
8th
Logo for First National Bank
First National Bank
1864, Pittsburgh (United States), Public
Commercial bank
$56.3M
74/100
9th
Logo for Charles Schwab
Charles Schwab
1971, El Paso (United States), Public
Commercial bank
-
73/100
10th
Logo for United Community Bank
United Community Bank
1950, Blairsville (United States), Acquired
Provider of personal and business banking, mortgage, and wealth management services
$490M
73/100
40th
Logo for Sallie Mae
Sallie Mae
1972, Newark (United States), Public
Commercial Bank
-
-
67/100
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Sallie Mae's Investments and acquisitions

Sallie Mae has made 4 investments in companies including Deserve and Deserve. Sallie Mae has also acquired 2 companies including Nitro and Pioneer.
Here is the list of investments & acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jan 26, 2022
Acquisition
2016
Wilmington (United States)
Oct 27, 2021
Investments
2013
Murray (United States)
Jun 24, 2021
Investments
2013
Murray (United States)
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Reports related to Sallie Mae

Here is the latest report on Sallie Mae's sector:

News related to Sallie Mae

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Media has covered Sallie Mae for a total of 18 events in the last 1 year, 3 of them have been about company updates and 2 about partnerships.
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FAQs about Sallie Mae

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