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TaglinePave enables individuals to raise funding from individual backers safely and securely, using an income prediction model based on historical government data.
CityNew York
StateNew York
Mapping LocationNew York, New York, United States
Zip Code10013
CEOOren Bass
Year Founded2012
Full Time Employees10
Comapny TypePrivate
Market CategoriesFinance & Investment
Revenue SourcePhilanthropy
Revenue SourceUser Fees For Web Or Mobile Access
DescriptionPave is a community where individual investors unlock the potential of people early in their careers through an innovative social-financial agreement. On Pave, prospects are young, driven individuals seeking to raise funding to further their education, pay off student debt, or pursue a career opportunity, all with the goal of taking their careers to the next level. This funding comes from backers, who are accomplished individuals looking to put their success and experience to good use. Under the terms of the Pave participation agreement, prospects accept a one-time payment from backers in exchange for committing to share a small, affordable percentage of their income over a period of time (e.g., 5 to 10 years). Since backer and prospect interests are aligned, some backers may also provide career guidance, mentorship, and networking connections to promote the success of their prospects.