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Tuition.io Reels in $1 Million in Seed Funding

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Student loan management tool Tuition.io announced recently that it landed $1 million in seed funding from a large group of investors.

Some of the investors include:

    • Mohr Davidow Ventures
    • Jerry Neumann
    • Mesa
    • AF Square’s Troy Carter
    • Richard Wolpert
    • Rob Glaser
    • Launchpad LA 

This is the Santa Monica-based company’s first round of funding.

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Tuition.io launched 6 months ago, and disclosed the following stats:

    • Exceeded $250 million in aggregate debt under management 
    • Helps manage over 40,000 loans
    • Users represent over 130 universities

To learn more about Tuition.io, watch its FinovateFall 2012 demo.