NASHVILLE, TN—Pivot Technology School, a Nashville-based remote coding bootcamp, secured $10 million in growth financing to start The Income Share Agreements program.
Income Share Agreements program will enable minority students to access the Pivot Technology School programs without paying upfront. Pivot Tech collaborates with Leif, the tuition finance management platform, to manage the Income Share Agreements program.
"Our mission is to create and grow incentive-aligned avenues that empower a highly diverse demographic to break into the technology industry. We chose to partner with Leif because they are the market's only full-service ISA Program Manager. Leif's expertise made designing, launching, and financing our ISA program a smooth experience for Pivot Tech and our students," said Quawn Clark, co-founder of Pivot Tech.
Leif provides financial arrangement services for education and training providers. Leif aims to increase access to quality and affordable education by providing a platform for Income Share Agreement and other outcomes-based tuition finance programs for education and training providers.
"By removing the friction of upfront payments by students, outcomes-aligned financing increased access to a broader subset of the population," said Jeffrey Groeber, founder and CEO of Leif. "We are thrilled to work with Pivot Technology School given their clear commitment to the shared mission of increasing diversity in tech."
PivotTech aims to support Black Americans with skills to start new career pathways in the tech industry. PivotTech actively engages in partnerships that will help the company to reach more people.
PivotTech partners with Shipt, local store delivery owned by Target, to help recruit more diverse talents. PivotTech also partners with Seattle-based Code Fellows, a training academy, to craft the necessary technical curriculum for the programs.
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