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INNOVATION: Student Lending Site Fynanz Gets $6.5M Investment

JJ HornblassbyJJ Hornblass
February 1, 2010
in Archive
Reading Time: 1 min read
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Fynanz has received a series-A investment round of $6.5 million, VentureWire reports.

According to Fynanz, the company was founded in 2007 to develop “unique, affordable, turn-key technology solutions for underwriting, originating and servicing private student loans.” The company sells its Fynanz Student Lending Platform to financial institutions, mainly credit unions. The platform enables the financial services companies to launch self-branded private student loan programs.

On Jan. 29, the company appointed Vince Passione CEO. Passione is the former chief operating officer of DealerTrack, an online auto financing platform.

More background on the company here.

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