Savi Solutions PBC Raises $6M in Series A Funding

savi

Savi Solutions PBC, a Washington, D.C.—based social impact technology startup focused on student loans, closed a $6m Series A funding.

The round was led by Nyca Partners, with participation from AlleyCorp, Temerity Capital, and 9Yards Capital and social impact investors and entrepreneurs Michele Kang, Catherine Reynolds and Sheila Lirio Marcelo, Founder and former CEO of Care.com.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Aaron Smith and Tobin Van Ostern, Savi allows student loan borrowers to navigate repayment and loan forgiveness options, serving more than 30,000 borrowers by finding more than $200 million in projected forgiveness.

FinSMEs

14/04/2020

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