New York, NY – ORIX Corporation USA’s Growth Capital business today announced it has successfully closed a debt financing facility for Tuition.io, a benefits platform that empowers employers to support their workforce through comprehensive education assistance benefits.
“We are excited to partner with Tuition.io as they continue to transform the way employers support their workforce through education benefits. With student debt remaining a critical issue for employees nationwide, Tuition.io’s platform provides a meaningful solution that helps companies attract and retain top talent. We look forward to supporting their growth and impact in the marketplace,” said Austin Szafranski, Director of ORIX USA’s Growth Capital business.
“Partnering with ORIX USA marks a significant milestone for Tuition.io as we expand our mission to make education benefits more accessible and impactful for employers and their workforces. This investment enables us to accelerate innovation, reach more organizations, and empower employees with the resources they need to thrive in their careers. We’re excited about the opportunities ahead and the support of ORIX USA to help drive our vision forward,” said Scott Simmons, COO and CFO of Tuition.io.
Since inception in 2001, ORIX USA’s Growth Capital business has provided $2.7 billion in funding to 200 companies with customized equity and debt solutions.
About ORIX Corporation USA:
Established in the U.S. in 1981, ORIX USA has grown organically and through acquisition into the investment and asset management firm we are today. With a specialization in private credit, real estate, and private equity solutions for middle-market focused borrowers and investors, we combine our robust balance sheet with funds from third-party investors, providing a strong alignment of interest. ORIX USA and its subsidiaries — ORIX Advisers, ORIX Capital Partners, Signal Peak Capital Management, Boston Financial, Lument, Real Estate Capital and NXT Capital— have approximately 1300 employees across the U.S. and have ~ $89 billion in assets*, which includes $39.4 billion in assets and commitments, in addition to $49.6 billion in servicing and administering assets, as of December 2024. Our parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 30 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and New York Stock Exchange (IX).
*As of December 31, 2024. Includes $49.6 billion in servicing and administering assets, in addition to $39.4 billion in funded assets and unfunded commitments across proprietary capital, third party capital and strategic partners investing in ORIX USA’s private credit, real estate and private equity businesses. Unfunded commitments are based on a contractual commitment or an expected commitment for an established program based on ORIX USA Group’s understanding.
About Tuition.io:
Tuition.io is the leading education assistance benefits platform, empowering organizations to attract, retain, and develop workforce talent. Its solutions include student loan repayment, Secure 2.0 retirement match, loan forgiveness support, tuition assistance, expert coaching and a wealth of financial wellness tools, helping millions of employees alleviate the financial burden of student loan debt and advance their careers. Tuition.io works with leading US employers across all industries including ADP, Carhartt, Emory Healthcare, Ford, Universal Music Group and hundreds of others. For more information, visit Tuition.io.