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Dan Stelmach

Founder of Changed

Dan Stelmach is a co-founder of Changed App, a mobile application designed to assist users in managing and repaying their student loans. He co-founded the app in 2017 with his brother, Nick Sky, after experiencing the challenges of student loan repayment firsthand as first-generation Americans raised by a single mother. The app works by rounding up everyday purchases and using the spare change to make payments toward student loans, helping users reduce their debt more effectively.12

Background and Education

  • Education: Dan attended DeVry University.
  • Location: Based in the Greater Chicago Area.

Achievements

  • Shark Tank Appearance: Dan and Nick pitched Changed on Shark Tank in 2017, where they secured an investment from Mark Cuban. This exposure significantly boosted the app's visibility and user base.125
  • Impact: Since its launch, Changed has facilitated over $25 million in payments toward student loans, saving users more than $50 million in interest and shortening repayment times considerably.12

Professional Focus

Dan Stelmach is dedicated to creating innovative solutions for individuals burdened by debt, aiming to empower borrowers and streamline the repayment process through technology.34

Related Questions

What inspired Dan Stelmach and Nick Sky to create the Changed app?
How did Dan Stelmach and Nick Sky come up with the idea for rounding up purchases to pay off student loans?
What was the reaction from the Sharks on Shark Tank when Dan and Nick pitched Changed?
How has Changed impacted student loan debt repayment since its launch?
What challenges did Dan and Nick face when developing the Changed app?
Dan Stelmach
Dan Stelmach, photo 1
Dan Stelmach, photo 2
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Location

Chicago, Illinois, United States