Here's a little known Finovate secret: There are few things the research team loves more than getting funding news on a Friday.
Seriously. After a week of reading, blogging, and briefing, the announcement that some hard-working, innovative fintech company has just raised millions of dollars (or pounds or Euros ...) from investors is just the kind of thing you like to hear heading into the weekend.
The latest fintech Friday funding announcement comes from SimpleTuition
. One of our earliest alums
, the company announced on Friday that it has raised $26 million in funding from Atlas Venture, Flybridge Capital Partners, and North Hill Ventures. The new capital doubles the total raised by the company, taking Simple Tuition beyond the $50 million mark. SimpleTuiton also has raised $5 million in debt financing.
SimpleTuition has developed an online platform for students seeking financial assistance for education. The platform makes it easy to compare and analyze the suitability of different student loan options. SimpleTuition also provides advice and suggests strategies to help students keep education costs under control and to responsibly retire their student loan debt.
SimpleTuition is also the home of a pair of related products and services for students: Valorebooks, a platform that helps students buy or rent textbooks at reduced rates, and SmarterBucks, a rewards program that helps students pay back their student loans with their everyday purchases (and those of friends and family, as well).
Launched in 2006, SimpleTuition is headquartered in Boston, Massachusetts. Kevin Walker is the company's CEO.