Funding U (Priced Round)
Funding Details
Awarder
WeFunder
Date Award
June 13, 2024
Vertical
Education Finance
Funding URL
View Funding Page
Premoney Valuation
$25,000,000
Valuation
$25,000,000
Funding Amount
$200,000,000
Company Info
Founding Year
2018
Traction
Funding U has grown from $3.6M loans/400 borrowers to $28M loans/2540 borrowers with an 11% decrease in customer acquisition cost. They have $1.3M in trailing revenue and are on track for $3.18M in the current year. The senior team has over 25 years of experience in lending/credit and finance.
Revenue Amount
$1,300,000
Founders
Jeannie Tarkenton
Market
Student Loans
Location
Atlanta, GA, US
Coinvestors
Top 5 largest family offices in U.S.
Company Description

Funding U specializes in providing no-cosigner, merit-based student loans to high-achieving students in need of financial assistance to complete their education. Their mission is to help students reach their educational goals through their core B2C product, 'Funding U No Cosigned Loan,' and their B2C solution, 'Powered by Funding U.' They offer loans based on successful progress towards completing education programs rather than solely relying on FICO scores.

Links
Website
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