Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
3 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
4 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
5 hours ago
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
19 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
23 hours ago