Fynn, a NYC-based fintech lender providing private student loans for America’s skilled workforce, closed an $11m seed round and $25m debt facility.
Lead investors include Y Combinator, Susa Ventures, Village Global, Tenacity Venture Capital, and Watchfire Ventures.
The funding will be used to expand the company’s services across the United States and to support students looking to further their education.
Led by Eric Menees, CEO, Fynn is providing students with secure, fair, and affordable loans to attend qualifying trade schools. The company underwrites students based on their future potential and aligns its interests with schools and students to fully support success from enrollment to employment.
The company currently provides loans to 150 different programs across the U.S., helping students at high-quality trade schools like Heartland Welding Academy and The Medical Institute of Kentucky. By partnering with schools that have solid graduation and job placement rates, Fynn can incorporate future potential into lending decisions, which gives credit-invisible students a fair chance. Since launching its flagship product in July 2022, Fynn has provided over $4 millionworth of financial assistance to students in need.
FinSMEs
07/03/2023