Online Student Loan Company Fynanz Gets New Funding

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NEW YORK – Fynanz, a provider of private student loans through credit unions, said it raised $6.5 million in new venture financing, bringing its start-up funds to almost $8 million.

The new funding was provided by Draper Fisher Jurvetson, DFJ Gotham Ventures, The Brazos Group, Zelkova Ventures and JBR Media Ventures.

Fynanz will use the new money to expand its credit union and student lending marketplace, as well as for the development of additional lending programs which include financial literacy initiatives.

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