AlmaPact and Base Capital Join Forces to Disrupt Student Loan Market - Income Share Agreements (ISAs) for Funding Higher Education
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: PR Web
SAN FRANCISCO, Calif. and ST. LOUIS, Mo. (PRWEB) June 19, 2019 FinTech start-up, AlmaPact, today announced the strategic acquisition of Base Capital. Base's co-founder and CEO Brendan Florez will join as AlmaPact's Chief Technology Officer.AlmaPact is an award-winning startup disrupting the $1.5 trillion student financing market by investing in students with Income Share Agreements (ISAs), an innovative new financial instrument that funds a student's education in exchange for a set percentage of their future income."We're revolutionizing how higher education is financed and changing student lives for the better, while enabling investors to generate both financial and social returns. This acquisition enhances our value proposition for students, employers and investors. Come, Join the Pact!" said Tess Michaels, AlmaPact CEO.Base Capital is an early pioneer in the ISA space. Its CEO Brendan Florez has been involved in drafting federal ISA legislation, including the Investing in Student
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