Digital lending platform Splash Financial has closed its Series B round on $44.3m.
The round was supported by partners of DST Global, Citi Ventures, Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures.
Following the round close, the company hopes to accelerate its growth by expanding its lender network and underwriting platform.
Splash empowers student borrowers to shop and compare financial products, helping them access higher education.
Credit unions and banks can easily find new members and loans, which are originated by Splash.
Splash Financial founder and CEO Steven Muszynski said, “We’re thrilled about what this funding will allow us to achieve and are excited to partner with amazing investors that share our values.
“The expectation of consumers today is to be able to compare, shop and save on their financial products all while in the comfort of their own homes. This funding round brings us another step closer to realizing our company vision — creating a faster and less expensive financial world.”
With the close of the round, the FinTech has raised a total of $60m in equity.
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