Principal Product Manager, Earnest

$248-281.2k

+ Employee Stock Purchase Plan

Senior and Expert level
San Francisco Bay Area

More information about location

Office located in Oakland, CA

Earnest

Student loan provider

Open for applications

Earnest

Student loan provider

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Open for applications

$248-281.2k

+ Employee Stock Purchase Plan

Senior and Expert level
San Francisco Bay Area

More information about location

Office located in Oakland, CA

201-500 employees

FintechB2CPersonal financeLendingCredit cardsFinancial Services

Company mission

To make higher education accessible and affordable for everyone.

Company mission

To make higher education accessible and affordable for everyone.

Top investors

Few candidates hear
back within 2 weeks

4% employee growth in 12 months

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

Earnest offers student loan refinancing and personal loan products. It looks at thousands of data points such as education, saving patterns, investments, and career trajectory to issue a unique credit score, which can prove a lifeline for students who may otherwise struggle to qualify for loan refinancing.

For the portion of student debtors with low credit scores, Earnest is one of a few scant options. Borrowers can choose their own loan terms to fund up to the full cost of their education, and there are no origination, application, or late fees.

Earnest has grown from distributing $8M loans in its first year of business to an impressive total $18.5 billion in student loans refinanced, and has served upwards of 200,000 people. With student loans representing such a huge sector of lending, there should be plenty of room for Earnest to continue expanding in the future.

Benefits

  • Robust 401K package
  • Monthly & annual remote work stipends
  • Remote-first flexibility
  • Professional development & tuition reimbursement
  • $1000 annual travel perk
  • No meeting Thursdays
  • Annual company-wide offsites

Company values

  • Earn Happy Customers - Our customers’ journey is ours to share. Our success comes from anticipating their needs and providing the solutions they’re looking for. This combination of empathy and action helps them become our best endorsers and biggest fans.
  • Better is Better - The path to great means getting better every day. We push ourselves, and each other, to remain curious and think differently. We know the value of compounding and how continuous 1% improvement leads to massive changes. We are always willing to challenge the status quo in order to achieve our goals.
  • PhD in Moving Fast - Our customers are tired of long wait times and large student loan bills so we constantly seek out ways to deliver faster. We refuse to waste time on things that don’t move the needle and we surprise teammates and customers with our speed.
  • Passion for Challenges - Perseverance and optimism are just the start to take on the inertia of a national trillion-dollar problem. We enjoy tough challenges knowing that if we persist through them we will make a difference.
  • Impact is a Team Sport - We maximize our impact when we act as one team. We each play our part and put team success above personal achievement. Earnies are willing to do what it takes to make the team better even though it may be uncomfortable for ourselves.

Funding (last 2 of 4 rounds)

Mar 2017

$20m

SERIES C

Nov 2015

$75m

SERIES B

$127m

Total funding

This company has top investors

Founders

Co-founded SolidEnergy Systems. Was a Part-time Partner at Y Combinator. Is a Board Member of Car Dash and Roofr, and is a Mentor at First Round Fast Track.

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