Dolr is a modern student loan benefits platform. They seek to enable companies to provide their employees with multiple avenues to beat student debt. Andrew Daniels sat with Founder and CEO, Naveed Iqbal, to learn more about how Dolr is impacting the industry.

What is Dolr’s client focus?
We're focused on mid-market companies with a large percentage of college-educated employees.
What does your product do?
We enable companies to offer modern education assistance programs like student loan benefits and tuition reimbursement.
How much capital have you raised?
We have raised between $500,000 and $1 million.
Was the company born from within or outside the industry?
We're outsiders. My co-founders are from software engineering and corporate marketing. I came from consumer banking.
What growth metrics have you accomplished over the last 12 months?
We continue to enjoy 100 percent customer retention and double-digit percentage MoM (Month-over-Month) revenue growth.
Within your domain, what is the current challenge that the industry is facing?
There are two primary challenges. First, fewer people are going to college because of costs. Second, the burden of student loan debt is holding millions back from living the lives they've worked so hard for. In both cases, the core issue is money. People don't have enough money to afford a comfortable life and pay down their student loans.
How does Dolr take a unique approach to providing value?
We directly address the core issue. By getting people money for student loan payments, we accelerate them to zero debt and onward to building wealth. Our unique approach is to take student loan repayment from a ‘single-player’ effort and translate it into a ‘multi-player’ collaboration where each player has a clear incentive to participate and rally around a shared goal. Today, the players consist of individuals with student debt, their employers, national retail brands they shop at and their community of friends and family.
What inspired the team to start this company?
All Co-Founders at Dolr are first-generation immigrants to the USA. The three of us wished we had access to student loans when we were in school. Post graduation we saw the huge burden of student debt our friends were struggling with. It didn't make sense that such a wonderful innovation that has enabled four generations of Americans to go to college would also be shackling them under mountains of seemingly insurmountable debt. After extensive research, we realized the core issue was money. That's why we started Dolr, and it's also why we named ourselves after money.
Can you share any goal(s) for the next 12 months?
We're working on going upstream into the enterprise, and we expect to win and start servicing our initial ‘true’ enterprise customers within the next 12 months. Simultaneously, we're continuing to expand our distribution partnerships to grow our national footprint. That said, our core customer is the mid-market company seeking to engage, retain and recruit with a differentiated benefits offering.