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October 5, 2017 05:52 pm GMT
Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to report the news. The exit isn’t so great for Earnest’s investors. They’d plugged roughly $320 million in cash and debt into the company, which was initially centered around… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EymV9A6EGfA/
Online lender Earnest sells to Navient, in a disappointing deal for investors
Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to report the news. The exit isn’t so great for Earnest’s investors. They’d plugged roughly $320 million in cash and debt into the company, which was initially centered around… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/EymV9A6EGfA/
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