Savi
Savi is a Public Benefit Corporation operating an AI-enabled student loan and education benefits platform, distributed through 10,000+ employer, financial institution, membership, university, and government partners to help individual borrowers navigate forgiveness and repayment.
- Company typePrivate
- Founded2017
- HeadquartersWashington, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Savi does
Savi is a Washington, DC-based Public Benefit Corporation (Savi Solutions PBC) that operates an AI-enabled student loan and education benefits platform founded in 2017 by Aaron Smith and Tobin Van Ostern. The company's core product scans 150+ federal and private forgiveness and repayment plans, automates enrollment, and monitors loans through a Loan Sync feature that aggregates balances across servicers. In May 2025, Savi launched the Savi AI Assistant, an OpenAI LLM-powered conversational tool trained on over 3 million borrower interactions, with a free version distributed through the ChatGPT Store. Supporting modules include Student Loan Contribution (employer payments to servicers), Retirement Matching under Secure 2.0, and Tuition Reimbursement administration.
Savi distributes through a B2B channel model selling subscriptions to employers, financial institutions, membership groups and unions, universities, health systems, and government entities, with 10,000+ partners including AARP, MetLife/Upwise, TIAA, Voya Financial, NEA, NACo, UPMC, and Equifax. Individual borrowers access the platform through employer referral, a paid premium tier with a money-back guarantee, or a free Community Support Program for at-risk borrowers served via non-profit partners. The company added Fiducius in February 2026 as its first acquisition, bringing $2B+ in managed student loan debt and expanded employer distribution. Savi is venture-backed by NYCA Partners, 9Yards Capital, AlleyCorp, and social impact investors including Emerson Collective, Lumina Foundation, and WGU Labs, and operates with 11-50 employees.
Savi firmographics
Firmographics- Name
- Savi
- Legal name
- Savi Solutions PBC
- Website
- https://bysavi.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Savi is a Public Benefit Corporation operating an AI-enabled student loan and education benefits platform, distributed through 10,000+ employer, financial institution, membership, university, and government partners to help individual borrowers navigate forgiveness and repayment.
- Ownership category
- akta.pro rank
Savi industry classification
Industry- Product category
- Student Loan & Education Benefits Platform
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Activities Related to Credit Intermediation (5223), Software Publishers (513210), Educational Support Services (611710)
- SIC
- Loan Brokers (6163), Personal Credit Institutions (6141), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Student Loan Advisory & Repayment Assistance (FSAEAFAE)
- akta.pro secondary industries
- Collections, Recovery & Debt Management Platforms (FSAGAHAI), Student Billing, Invoicing & Account Statements (EDALAJAC)
Keywords
Where Savi is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Savi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Employer/Partner Subscription: Savi primarily works with partners (employers, financial institutions, membership groups) who provide student loan and education benefits to their employees or members. The partner pays for access to the platform and services.
- Individual Borrower Premium: Individual borrowers can pay for premium features. Users who created an account between October 1, 2023 and December 31, 2023 saw average lower payment of $187/month and $38,980 lifetime savings. The platform offers a limited money-back guarantee if users don't save at least the amount of fees paid.
- Community Support Program: Free access to premium services for at-risk borrowers through key anchor partners (non-profit community partners serving borrowers of color, high-risk borrowers, lower-income borrowers).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Others | Free tier for borrowers through community partners |
| Subscription | Annual | Premium tier for individual users |
| Subscription | Annual | Enterprise partner pricing |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
Savi product offering
Product offeringCore offering
Savi provides an AI-enabled student loan and education benefits platform that helps employees and members understand, optimize, and repay their student debt. The platform scans 150+ forgiveness and repayment plans, calculates monthly and lifetime savings, automates enrollment paperwork, and syncs federal and private loans across servicers, complemented by 1:1 expert human support. It is distributed primarily as a B2B employee benefit through employers, financial institutions, membership groups, governments, and universities, with a separate premium tier for individual borrowers.
Product overview
Savi is an AI-enabled student loan and education benefits platform providing a comprehensive suite of products. The core offering is the Student Loan Guidance Platform, which uses AI to scan 150+ forgiveness and repayment plans and automate enrollment. Supporting modules include Student Loan Contribution (employer payments to servicers), Retirement Matching (Secure 2.0 matching to retirement accounts), and Tuition Reimbursement. Key features include the Savi AI Assistant (OpenAI-powered conversational tool), Loan Sync (automated loan syncing), 1:1 Support, and Educational Resources. The Community Support Program provides free access for at-risk borrowers. Fiducius was acquired in February 2026 to expand the employer network, adding employee benefits capabilities including parental college planning and banking benefits.
Differentiator
Problem solved
Functional benefit
Products and services
- Student Loan Guidance Platform AI-enabled platform that helps employees and members manage student debt by scanning 150+ forgiveness and repayment plans, estimating monthly and lifetime savings, automating enrollment, and tracking ongoing updates throughout the loan lifecycle. Sold to employers, financial institutions, membership groups, governments, and universities as an employee/member benefit, and offered to individual borrowers as a premium subscription.
- Student Loan Contribution Employer-sponsored benefit program that reduces employee loan debt through contribution payments. Savi handles all paperwork and facilitates secure direct payments to loan servicers on behalf of the participating employer.
- Retirement Matching Employer benefit that supports retirement savings by matching employee student loan payments into employee retirement accounts, helping employees boost retirement savings while paying down student debt. Savi manages the administration and directs matches into employee retirement accounts.
- Tuition Reimbursement Program that simplifies tuition reimbursement for employees in college or taking job-related courses, streamlining program management, tax compliance, and employee support for participating employers.
- Fiducius (acquired education benefits platform) Acquired education benefits provider offering employee loan contributions, tuition reimbursement, retirement matching, parental college planning, and banking benefits. Fiducius managed over $2 billion in student loan debt as of December 2025 and is now operated as part of Savi's employee benefits suite for employer partners.
- Savi AI Assistant Conversational AI assistant built on OpenAI's LLM and trained on 3M+ borrower interactions, designed to help borrowers find and apply for repayment and forgiveness plans and receive accurate, real-time answers to student loan questions. Sold as a core capability within Savi's partner and individual offerings and as a free lightweight version via the ChatGPT Store.
Quantifiable outcome
- $5B+ in total savings found for members across 10,000+ employers
- +6 more outcomes
Companies that use Savi
Customer profileNamed customers19 records
Segments6 records
Ideal customer profiles5 records
Savi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature4 records
Savi partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- FiduciuscoreSavi acquired Fiducius on February 5, 2026. Fiducius, founded in 2011, managed over $2 billion in student loan debt as of December 2025. The acquisition expands Savi's national network of employers and channel partners. Fiducius CEO Jim Zedella serves as advisor to Savi and Fiducius employees join Savi.
- WGU LabscoreWGU Labs invested in Savi through a two-phase collaboration involving a national survey and a pilot program to connect borrowers with educational opportunities at WGU. The project aims to research the effects of student debt on various demographics and explore new financial tools.
- MetLifecorePartnership through Upwise from MetLife to unlock student loan forgiveness for borrowers. MetLife offers Savi as part of their employee benefits portfolio.
- TIAAcoreTIAA partnered with Savi to help clients navigate student loan repayment and achieve forgiveness. TIAA is successful in helping clients meet retirement goals but recognized student loan burden as a major issue.
- Voya FinancialcoreVoya Financial announced collaboration with Savi in June 2025 to offer clients a comprehensive suite of student loan debt solutions.
- NEA (National Education Association)coreNEA offers Savi as their key student debt benefit for millions of educators and public service employees. Savi is described as innovative and affordable, saving members money and headaches on student loans.
- AARPcoreAARP provides Savi's student loan solutions to their members as a benefit.
- NACo (National Association of Counties)coreNACo partners with Savi to help counties and their employees with student loan benefits.
- University of PittsburghcoreFirst university to partner with Savi. Offers federal student loan forgiveness program through Savi. Participants found tens of thousands in immediate savings and long-term forgiveness within first two months.
- Boston Medical CentercoreBoston Medical Center uses Savi to help employees achieve meaningful savings in monthly budgets and overall college debt costs. Employees reported life-changing results including being able to afford rent after debt relief.
- EquifaxminorEquifax partnered with Savi to offer employee student loan benefits.
- UPMCcoreUPMC offers student loan benefits through Savi to employees.
- BiltminorBilt partnered with Savi to offer student loan benefits to members.
- UC HealthcoreUC Health offers student loan benefits through Savi to employees.
- MartinwolfminorMartinwolf served as the acquisition advisor to Fiducius in the acquisition by Savi.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Savi competitors and assessment
Company assessmentDirect peers
- Goodly: Goodly is a direct competitor providing student loan repayment as an employee benefit to SMB and mid-market employers, overlapping directly with Savi's employer offering.
- Tuition.io: Tuition.io is a direct competitor offering student loan and education benefits as an employer benefit, with similar employer-channel GTM, contribution programs, and PSLF navigation capabilities.
- FutureFuel.io: FutureFuel.io is a direct competitor in the employer student loan repayment benefit space, providing student loan contribution and 401(k) match integration, very similar to Savi's contribution and retirement matching modules.
- Candidly: Candidly (formerly Student Loan Genius) is a direct competitor offering student debt employer benefits, including AI-driven guidance, contributions, and PSLF navigation, closely mirroring Savi's product set.
- Splash Financial: Splash Financial is a student loan refinancing and benefits platform that partners with employers and partners, competing with Savi for the same employer benefit budget and end-borrower refinancing.
Others
- Human Interest: Human Interest is a 401(k) provider whose retirement platform increasingly intersects with Secure 2.0 student loan match, making it an adjacent ecosystem participant in the same employer education-benefits purchasing decision Savi targets.
- Guideline: Guideline is a 401(k) and retirement platform that supports Secure 2.0 student loan matching contributions, an adjacent player whose products and partners overlap with Savi's Retirement Matching module.
Broad incumbents
- LendKey: LendKey is a broad incumbent in student loan and education finance, providing refinancing and lender marketplaces, overlapping with Savi's borrower-side navigation of repayment options.
- SoFi: SoFi is a broad incumbent in student loan refinancing and personal finance, offering student loan guidance, refinancing, and employer benefits (e.g., SoFi at Work), competing with Savi in adjacent product categories.
- CommonBond (now Zolve): CommonBond was a student lender and refinancing platform with employer benefit programs, comparable to Savi's role in helping borrowers optimize repayment and forgiveness.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Savi social profiles
Digital presenceSavi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Savi leadership team
Management profileNumber of profiles
Profiles12 records
Savi subsidiaries and ownership
Company hierarchySubsidiaries1 record
Savi funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Savi M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Savi
What does Savi do?
Savi provides an AI-enabled student loan and education benefits platform that helps employees and members understand, optimize, and repay their student debt. The platform scans 150+ forgiveness and repayment plans, calculates monthly and lifetime savings, automates enrollment paperwork, and syncs federal and private loans across servicers, complemented by 1:1 expert human support. It is distributed primarily as a B2B employee benefit through employers, financial institutions, membership groups, governments, and universities, with a separate premium tier for individual borrowers.
Is Savi a public or private company?
Savi is a private company. It is classified as venture growth investor backed and is currently operating.
When was Savi founded?
Savi was founded in 2017. It employs 11 to 50 people.
Where is Savi based?
Savi is headquartered in Washington, United States, in the North America region.
How does Savi make money?
Three revenue lines are on record. Employer/Partner Subscription is the primary driver. The others are individual Borrower Premium and community Support Program.
Who are Savi's main competitors?
Direct peers on record are Goodly, Tuition.io, FutureFuel.io, Candidly and Splash Financial. Others are Human Interest and Guideline. Broad incumbents are LendKey, SoFi and CommonBond (now Zolve).
Does Savi have an API?
Yes. Savi offers several APIs with easy integration capabilities for embedding the Savi experience into external platforms and enabling seamless data exchange. The API Solution allows partners to integrate Savi's student loan and education benefits platform into their existing systems.
What industry is Savi in?
Savi's product category is Student Loan & Education Benefits Platform. Its primary akta.pro industry code is FSAEAFAE, Student Loan Advisory & Repayment Assistance, with a secondary code of FSAGAHAI, Collections, Recovery & Debt Management Platforms. Its NAICS code is 52231 and its SIC code is 6163.