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San Francisco-based Credible announced Monday the launch of a service that will allow private student loan borrowers to price-shop online for a refinanced loan.
February 24 -
Banks nationwide are finding ways to make mobile deposit capture available to more people and faster without taking on more fraud risk.
February 12 -
Online marketplace lender CommonBond has announced that Nelnet, an education planning and financing company, has agreed to finance at least $150 million of CommonBond's annual loan volume.
February 5
Credible Labs in San Francisco has completed a round of seed financing that it says will fuel further growth of its student loan refinancing business.
The company announced Thursday that it closed the final $1.5 million of its $2.7 million total in seed funding and said it intends to use the funds to hire more staff and expand its product offerings.
By allowing people to compare offers from multiple lenders, Credible helped borrowers save an average of $11,688 by refinancing in 2014, the company said.
"More lenders are providing student loan refinancing options, but the benefits are not realized unless qualified graduates can easily find loans on terms that best meet their needs, like specific loans for physicians or graduated repayment structures,&" Credible founder and CEO Stephen Dash said in a news release. "We are removing friction from the process, and giving lenders access to the exact types of borrowers they want to underwrite."
Credible had previously raised $500,000 from venture capital funds and angel investors. Its base of investors includes Carthona Capital, Cthulhu Ventures and Redbus Group.
