LendEDU announced that it has acquired Statfuse to expand its online presence and help incoming college students make smart admissions decisions. Statfuse was founded in 2012 to help students tackle college admissions through its proprietary college chances algorithm.
Hoboken, NJ (PRWEB) December 09, 2016
LendEDU today announced the acquisition of Statfuse, a privately held California based company. The Statfuse website helps incoming college students calculate their admission chances to universities across the nation. The Statfuse algorithm uses aggregated university data alongside self reported user data to match students with colleges in real-time.
Statfuse was founded in 2012 by Supan Shah and Jeet Banerjee. Since 2012, Statfuse has helped over 150,000 students calculate their acceptance odds. The Statfuse website is free to use for students. The Statfuse website and algorithm will remain separate from LendEDU.
LendEDU is dedicated to helping students and graduates make smart financial choices. Since inception, LendEDU has worked with over 100 high schools and college to create engaging financial literacy resources.
“We believe LendEDU’s experience in the education technology space can help Statfuse become the leader in the online college admissions matching industry. And, we think we can help even more students too,” said Supan Shah, Co-Founder of Statfuse.
The acquisition closed in October of 2016.
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