Bryon Pierson, EDURain CEO
EDURain hit up original investors for another $20K in FF&F funding, bringing its total raised to $92,000.
“The money is helping us sustain and continue product development,” CEO Bryon Pierson told the 4thEst8, adding that his company just finished a complete website re-design. “There’s just so much more information.”
Meanwhile Pierson says the 10 students his platform got approved for bridge loans are entering college this fall. A key part of his platform, one that the 4thEst8 reported on in June when it cleared the ‘proof of concept’ with these students, is to connect lenders and incoming students for bridge loans so students can get off campus housing.
Students entering college don’t get the first tranche of their student loans before the start of classes, so are frequently unable to secure less expensive off-campus housing. Pierson says he’s working with lenders to expand this key feature of his company’s college financial services platform.
EDURain was founded in Nov. 2017, is headquartered in St. Louis, MO, and has four full-time employees. It has participated in or been helped by the Skandalaris Center, St. Louis Regional Chamber, Impact Ventures, Balsa Foundation, ITEN, Olin School of Business, I-Corps., SLU Research, Spark! and Maryville University.
Links:
On the 4thEst8:
EDURain completes proof-of-concept
Caught Schmoozing at the EDURain bar crawl
