Tuition.io, a Santa Monica, California-based student loan management company, raised $5m in Series A financing.
Backers included MassMutual Ventures, Wildcat Venture Partners, and Mohr Davidow Ventures, among others.
The company, which has raised total funding to $8.2m, intends to use the funds to accelerate enterprise customer acquisition, grow sales, customer success and engineering teams, and further strengthen its market position.
Led by Brendon McQueen, Founder and CEO, Tuition.io provides a student loan management platform that enables global companies to offer student loan payments as an employee benefit.
Launched in April, it is used by clients in industries ranging from legal to tech and financial services.