Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Fynanz Inc. closes 6.5M in Series A funding
MADISON, Wis. (2/10/10)--Fynanz, which provides private student lending services, has closed a $6.5 million Series A round in venture funds from a group of investors. The investors are led by Draper Fisher Jurvetson, and DFJ Gotham Ventures with participation from the Brazos Group, Zelkova Ventures and JBR Media Ventures. The financing follows a previous investment led by DFJ Gotham Ventures that included Brazos and Zelkova. Fynanz will use the funds for continued national expansion of www.cuStudentLoans.org, a credit union private student lending marketplace. Private student lending fills the gap left by federal programs that have pulled out of the lending market due to tightened credit. The private student loan market has grown by more than 500% over the past decade--to $22.8 billion in 2007-2008, Fynanz said.


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
16 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
17 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
18 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
19 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
20 hours ago