Market Overview

Gradifi Achieves SOC2 Type II Attestation

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Gradifi
today announced that it successfully completed an audit established by
American Institute of Certified Public Accountants (AICPA) to certify
its SOC2 Type II compliance for its student loan and college savings
benefit platform for U.S. employers.

Gradifi's SOC2 Type II audit verifies that an independent accounting
firm reviewed and tested the company's internal controls and confirmed
that they meet the AICPA's rigorous requirements for security,
availability, processing integrity and confidentiality.

Gradifi's cloud-based platform, which provides student loan repayment,
student loan refinance and college savings options as an employee
benefit, met the AICPA standard with zero exceptions, the highest
security standard set by the organization.

In 2017, Gradifi received ISO
27001 certification
, one of the most widely-recognized information
security management system standards.

"SOC2 Type II attestation is part of Gradifi's ongoing commitment to
operate by the highest standards of security and confidentiality," said
Joe Finsterwald, Chief Technology Officer of Gradifi. "Employers can
offer Gradifi's employee benefit platform with the confidence that
private information will remain safe and secure."

Working with more than 400 companies across the U.S., Gradifi offers
three solutions for employers to help their employees minimize student
loan debt.

Gradifi's SLP
Plan®
(Student Loan Paydown) allows employers to make a regular
contribution to pay down an employee's student loan debt. Gradifi
Refi
gives employees immediate access to leading student loan
refinancing lenders with exclusive offers, at no cost to the employer,
to help employees reduce monthly payments and get out of debt faster.
Gradifi's College
SaveUp Plan
allows employers to make contributions to employees' 529
college savings plans to ease the stress of paying for a child's
education.

About Gradifi

Gradifi is an innovator in educational employee benefits for U.S.
employers. Gradifi's mission is to help employers build loyalty with
their workforce by providing employee benefits that positively impact
their employees' financial well-being. Gradifi offers a single-platform
solution to allow employers to offer employees student loan refinancing
opportunities, and employer-sponsored contributions to student loans and
529 college savings plan accounts. A unit of First
Republic
(NYSE:FRC), Gradifi works with employers of all sizes
across the U.S. www.gradifi.com.

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