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
ARR
$3,180,000
Organizations Involved
Not provided
Founders
Jeannie Tarkenton
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.