Higher One Higher Still
Higher One The Company:
Higher One has evolved from a pure niche student payments company to a full service student banking services operation in less than ten years. Founded in 2000 by three college graduates who experienced the lack of student focused financial services, the company now provides banking and payments services to 675 colleges and 4.8 million students, and operates in 48 continental states. Currently it has an A+ rating from BBB. The company now employs more than 360 people at offices in New Haven and Oakland, Calif.
Path to Growth:
Higher One moved to Science Park in 2004 with 24 employees. Since then, the company has grown in an exponential pace. The company was recently selected as one of Connecticut Technology Council 2010 Marcum Tech Top 40 Winners and ranked No. 140 on Deloitte’s 2010 Technology Fast 500 list of fastest growing companies.
Higher One currently occupies building No. 25 at Science Park, located at the former Winchester Repeating Arms Co. site. With investments by developer Winstanley Enterprises and support from the City of New Haven and Science Park Development Corporation, the area has been transformed from brownfields and unused buildings to a vibrant business and technology park, attracting institutional, financial and professional tenants. Higher One, in partnership with Winstanley Enterprises, Forest City Residential Group and Science Park Development Corporation, plans to rehabilitate two vacant buildings in a planned $45 million development, in order to create a new headquarters to house existing employees and expected new hires. The project calls for environmental assessment, remediation and hazardous material abatement and build-out of 140,000 square of office space. The company expects to add more than 200 new positions in New Haven by January 2015.
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