Upsolve Announces $250 Million in Debt Relieved
For Immediate Release
September 16, 2020
Name of Press Contact: Ivetty Estepan
Email: press@upsolve.org
New York, New York -- This morning, Upsolve, a national technology nonprofit, announced that it has relieved over $250 million in debt for low-income and working-class families across the United States. Launched nationally just over two years ago, Upsolve provides a web application that helps individuals file bankruptcy for free on their own.
Over $50 million of the debt that Upsolve relieved has been for Black Americans. Upsolve users are two times more likely to be Black than White.
Rohan Pavuluri, CEO and co-founder of Upsolve, remarked, “America is facing a new civil rights movement and a historic financial crisis. At Upsolve, we’re taking concrete action to create a more equitable justice system. We’re also making America’s social safety net more accessible for families who face financial shocks tied to COVID-19 like job loss and medical illness.”
Over the last year, Upsolve has expanded beyond its web application, recently launching an extensive learning center and online support group. According to Pavuluri, “Through our app, education, and community, our goal is to be the best place on the internet for anyone in severe financial distress.” Since its inception, over two million unique individuals have visited Upsolve's website.
This year, Upsolve also added Alisa Pratt to its Board of Directors. Pratt is a Bronx community leader, a former Upsolve beneficiary, and a recipient of the 2019 Robin Hood Foundation Heroes Award. According to Pratt, “Millions of people across America suffer from debt-based poverty. I feel lucky to support Upsolve as they serve the individuals experiencing hardship that nobody could’ve predicted a year ago.”
About Upsolve
Upsolve is a 501(c)(3) nonprofit that helps low-income families file for bankruptcy for free, using an online web application. Upsolve is the largest nonprofit organization in America for bankruptcy and one of the fastest-growing legal nonprofits of the last two decades. To date, Upsolve has relieved over $250,000,000 in debt. Spun out of Harvard Law School, Upsolve has received numerous awards, including Fast Company’s World Changing Idea of the Year Award in Social Justice and the New York Times Good Tech Award. Upsolve is funded by Y Combinator, Eric and Wendy Schmidt, the Robin Hood Foundation, the Legal Services Corporation, Jim Breyer, Vinod Khosla, Chris Sacca, and several others. For more information, please visit upsolve.org.
