Hoboken, NJ (PRWEB) December 09, 2016
LendEDU today announced the acquisition of Statfuse, a privately held California based company. The Statfuse website helps incoming college students calculate their admission chances to universities across the nation. The Statfuse algorithm uses aggregated university data alongside self reported user data to match students with colleges in real-time.
Statfuse was founded in 2012 by Supan Shah and Jeet Banerjee. Since 2012, Statfuse has helped over 150,000 students calculate their acceptance odds. The Statfuse website is free to use for students. The Statfuse website and algorithm will remain separate from LendEDU.
“We are excited about the long term potential of Statfuse. Statfuse has proven itself to be a leader in the online college admissions matching space," said Nate Matherson, Co-Founder & CEO of LendEDU. “We were impressed by the user engagement and growth over the last couple years."
"We believe Statfuse has the potential to grow into something big,” said Matherson.
LendEDU is dedicated to helping students and graduates make smart financial choices. Since inception, LendEDU has worked with over 100 high schools and college to create engaging financial literacy resources.
“We believe LendEDU’s experience in the education technology space can help Statfuse become the leader in the online college admissions matching industry. And, we think we can help even more students too,” said Supan Shah, Co-Founder of Statfuse.
The acquisition closed in October of 2016.
About LendEDU: Since 2014 LendEDU has delivered free financial aid resources to high school and college students. LendEDU is a marketplace for student loans and student loan refinancing. LendEDU helps graduates find the lowest student loan quotes with one application. The company is partnered with all of the leading student loan companies including SoFi, Citizens Bank, Sallie Mae, College Ave, Earnest, LendKey, PNC, and many others.
LendEDU was founded by Nate Matherson and Matt Lenhard in August of 2014. LendEDU is a graduate of Y Combinator’s W16 class and the Iowa Startup Accelerator.
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