Tuesday, May 20, 2014

Earnest Lands $15M

San Francisco-based Earnest, a provider of loans to students and other young professionals, has raised $15M in a funding round, the company said today. The funding came from Andreessen Horowitz, Atlas Venture, Collaborative Fund, First Round Capital and Maveron. Earnest offers up loans of betwene $1,000 to $20,000, using what it calls "merit-based" factors to determine who it will offer loans to, including a person's education, employment, income, and even their spending and debt habits to qualify people for loans. More information »