Nashville-based Pivot Technology School has closed a $10 million round of funding to expand its tuition financing programs.
Pivot Tech has partnered with New York City-based Leif, a tuition finance management platform, to offer income-based financing to its students. Leif offers Income Share Agreements through its edtech platform, which company leadership says helps maximize partners’ program growth and impact potential.
The one-year-old technology school, which offers cyber security, web development and data analytics training in boot-camp-style cohorts, was founded to recruit and train students from racially diverse backgrounds, with intent to increase access to programs through tech-enabled payment and education models.
"Our mission is to create and grow incentive-aligned avenues that empower a highly diverse demographic to break into the technology industry,” said Quawn Clark, co-founder of Pivot Tech. “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."
Pivot also recently partnered with Amazon to fund 10 students through a 16-week program. All the students will have the opportunity to interview for a software engineer role at the online retail giant’s 5,000-ob downtown hub.