Laurel Road, founded in 2013 and headquartered in New York City, is a digital banking platform and brand of KeyBank. It offers tailored financial solutions, including student loan refinancing, mortgages, and personal loans, primarily serving healthcare and business professionals. Acquired by KeyBank in 2019, Laurel Road operates as a public company with approximately 140 employees.
Laurel Road Corporate Details & Core Services
Laurel Road is a digital banking platform and brand of KeyBank that provides tailored financial solutions to support the financial wellbeing of healthcare and business professionals.
Digital BankingStudent Loan RefinancingHealthcare Professionals
What are Laurel Road's Key Business Metrics & Stats?
No of employees
140
Founded year
2013
Type
public
SAICS CODE
6021
NAICS Code
522110
Industry
Financial Services
Location
New York City, New York, United States
Parent Company
key.com
Pricing Strategy
Student loan refinancing: Fixed APRs from 4.74% to 8.35%, Variable APRs from 5.04% to 8.65%, Personal loans: APRs from 8.99% to 23.35%, High-yield savings account: 3.80% APY
How much funding has Laurel Road raised to date?
Name
Description
Latest Valuation
(USD)
What are Laurel Road's Core Products?
Name
Description
Student Loan Refinancing
Allows borrowers to refinance and consolidate federal and private student loans, potentially reducing interest rates and monthly payments.
Student Loan Consultation
Provides expert guidance to help navigate federal repayment and forgiveness programs, assisting borrowers in exploring repayment options and creating personalized plans.
In-School Loans
Offers student loans through a partnership with Sallie Mae® to finance education expenses.
Mortgage Lending
Provides secure, trusted home loans powered by a simplified online process to facilitate quick closings.
Laurel Road Perks!
Offers exclusive member discounts on premium brands, subscriptions, and services.
High Yield Savings Account
Provides a savings account with competitive interest rates, no minimum balance requirements, and no monthly maintenance fees.
Student Loan Cashback Credit Card
A credit card that offers 2% cashback to pay down student loans with most loan servicers.
Laurel Road for Doctors
A digital bank tailored to physicians and dentists, offering specialized products and services designed to provide financial assistance through each career stage.
What are the latest developments at Laurel Road?
Date
Type
Description
07, 2024
Product Launch
Laurel Road introduced the Student Loan Freedom solution, offering borrowers comprehensive tools to manage repayment and forgiveness options.
What industry awards and recognitions has Laurel Road received?
Date
Type
Description
, 2019
FinTech Award
Laurel Road received two 2019 FinTech Breakthrough Awards for its innovative financial services.
Laurel Road VS PhysicianLoans VS Physician Loans USA VS Thrive Mortgage VS iLending : 2026 Comparison
