Pave enables individuals to raise funding from individual backers safely and securely, using an income prediction model based on historical government data.
General company ifno:
Year of founded: 2012
Zip Code: 10013
Employees: 1-10
In sector: Finance & Investment
Revenue Sources: Philanthropic grants, User fees for web or mobile access
Social Impact:
Description:
Pave is a community where individual investors unlock the potential of people early in their careers through an innovative social-financial agreement. On Pave, prospects are young, driven individuals seeking to raise funding to further their education, pay off student debt, or pursue a career opportunity, all with the goal of taking their careers to the next level. This funding comes from backers, who are accomplished individuals looking to put their success and experience to good use. Under the terms of the Pave participation agreement, prospects accept a one-time payment from backers in exchange for committing to share a small, affordable percentage of their income over a period of time (e.g., 5 to 10 years). Since backer and prospect interests are aligned, some backers may also provide career guidance, mentorship, and networking connections to promote the success of their prospects.
Financial Info: