Tagged: earnest

July 18, 2023 @ 10:26 pm By Omar Faridi  |  

Earnest, a fintech company dedicated to making higher education accessible and affordable for everyone, and Nova Credit, a modern credit bureau bridging consumer credit data around the world, announced their partnership and the launch of International Private Student Loans. During the 2021/2022 school year, nearly… Read More

April 18, 2021 @ 10:12 pm By Samantha Hurst  |  

    U.S.-based online student loan lender Earnest announced on Friday it has appointed David Green as its new CEO, as Susan Ehrlich, the company’s CEO since 2018, steps down to retire. The lending platform reported that Green has held many roles with the company over the… Read More

October 27, 2019 @ 4:58 pm By Timothy Li  |  

Online student loan lender Earnest has announced a brand new app to help students to get their student loans with ease. The Fintech revealed a new slogan alongside the app; “student loans that students love.” Susan Ehrlich unveiled the lenders app at Money2020 today which is… Read More

October 17, 2017 @ 6:36 pm By JD Alois  |  

  Fosun RZ Capital (formerly called Fosun Kinzon Capital) is a leading China based venture capital firm that is part of the Fosun Group which is based in Shanghai. Fosun Group, which is listed on the Hong Kong Stock Exchange, spent “billions” acquiring global companies… Read More

October 5, 2017 @ 9:30 am By JD Alois  |  

Earnest, an online lender in the student loan space, has been acquired for $155 million by Navient (NAVI) – the largest student loan servicer in the US. Since 2015, Earnest has refinanced approximately $2 billion in loans saving an estimated $500 million for thousands of… Read More

August 14, 2017 @ 11:14 am By JD Alois  |  

Back in May, Crowdfund Insider reported that Earnest, an online lender providing personal loans, was up for sale. Referencing a report in Bloomberg, the rumor was quickly squashed by Earnest representatives who told this publication they were absolutely not for sale. Additionally, a reported securitization… Read More

May 25, 2017 @ 3:50 pm By JD Alois  |  

Online lender Earnest has closed $175 million in refinanced student loans. The offering received a AA rating on the senior notes by DBRS which is one notch below the highest attainable rating of AAA. Earnest said the transaction was oversubscribed by 3X and traded at… Read More

May 22, 2017 @ 9:19 pm By JD Alois  |  

Last week, Crowdfund Insider referenced a report in Bloomberg that Earnest was looking for buyers as it struggled to raise new funds. A company representative has now stated that Earnest is not looking to sell the company. The spokesperson said; “The securitization effort isn’t shelved…. Read More

May 16, 2017 @ 10:59 pm By JD Alois  |  

According to a report by Bloomberg, Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a… Read More

November 6, 2016 @ 7:18 pm By JD Alois  |  

Last week, Earnest, an online lender, announced it had crossed a “major milestone”.  The platform shared it had refinanced $1 billion in student loan debt. The company said it had about “a trillion more to go”. The online lender estimates it has saved borrowers about… Read More