GradBridge selects Delaware for headquarters, plans 49 new jobs

GradBridge LLC, a venture-backed startup and second-look private student lending platform, has selected a property in Newark's Iron Hill Corporate Center as the site of its new headquarters, a move expected to create 49 jobs in Delaware.

According to a press release, the company employed four full-time workers in Delaware at the end of 2025 and plans to add 49 new positions over the next five years. The new roles are expected to offer salaries exceeding $110,000 annually.

Company leaders said the Newark location places GradBridge near financial services partners, supports the company's long-term growth plans and aligns with Gov. Matt Meyer's goal of expanding Delaware's innovation-driven economy.

"Delaware is proving once again that it is the best place for high-growth companies to launch, scale and succeed," said Governor Matt Meyer in a press release. "GradBridge's expansion in Newark brings nearly 50 high-quality jobs to our state and reinforces Delaware's reputation as a leader in financial innovation. This investment is a win for our workforce, our economy and the future of fintech in Delaware."

GradBridge is a financial technology company that operates within a sponsor bank framework. The company says its model supports scalability, disciplined risk management and efficient capital deployment. According to the press release, GradBridge is backed by Acorn Investment Partners and Oaktree Capital Management L.P. Other partners include CampusDoor, Hatch Bank, Nelnet/Firstmark and Gestalt.

"We at GradBridge are passionate about removing financial barriers to higher education, and I am grateful to both the Council on Development Finance and Delaware Prosperity Partnership for supporting that goal," said GradBridge Chief Executive Officer Jen O'Donald in a press release. "With their support, we will build more than a headquarters, we will create economic opportunity by investing in local talent and bridging the gap to graduation for more students nationwide."

According to the company, GradBridge loans are not affiliated with the federal student loan program and do not offer the same repayment benefits that may be available through federal loans. The loans are available to students currently enrolled at participating schools, and all loans must be certified by the student's institution. GradBridge currently supports more than 2,000 undergraduate and graduate programs across the country.