Blair was a San Francisco-based financial technology company that structured income share agreement (ISA) programs for educational institutions, allowing schools and vocational training providers to offer outcomes-based tuition financing to their students. The company raised a debt fund exceeding $100 million to finance student enrollments across the United States, alongside $7.5 million in equity from venture investors. Its partnerships included a $10 million growth-financing arrangement with Detroit cybersecurity reskilling school Automation Workz Institute, announced in August 2021.
Blair operated an ISA-as-a-service model, structuring and servicing financing programs on behalf of partner institutions rather than lending directly to consumers. In August 2022, citing regulatory changes in the contingent financing sector, the company sold its financial assets to a global asset manager and moved its servicing arm to a different servicer, ceasing all related operations. Founders Mike Mahlkow, David Nordhausen, and Constantin Schreiber subsequently moved on to new ventures.
