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
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
2 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
3 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
4 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
5 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
6 hours ago