Tuition.io (formerly known as Binksty), a provider of a free tool for managing student loans, raised $1m in seed funding.
Founded by Brendon McQueen, Tuition.io is a website dedicated to helping borrowers manage their student loan portfolio and optimize it for their own unique situation. The platform allows them to load all of their student loans into one site, get detailed information on loans (including identifying servicer, monthly payment, how much they owe, when they’ll be paid off, how much they’ll pay over the life of a loan, etc.), visualize graphical representations of their debt load via desktop or mobile, figure out which repayment programs they are eligible for, and create a plan for their unique situation.
The company was a member of Launchpad LA accelerator’s fourth class.