“With loan forbearance coming to an end and 43 million borrowers re-entering payment, we’re about to experience a ‘Student Debt Tsunami’ that will impact our economy and financial markets in ways never experienced before,” said Justin Overdorff, partner at Lightspeed Venture Partners. “Payitoff offers financial services an innovative solution, one that takes into account the financial health of their customer, the borrower.”

https://www.businesswire.com/news/home/20211110005598/en/Payitoff-Raises-8.5M-in-Seed-Funding-to-Support-Financial-Services-Industry-in-Preparation-for-Student-Loan-Payment-Resumption