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Funding
Fynn raises USD 36 million in seed and debt funding
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Mar 7, 2023
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Mar 7, 2023

Fynn raises USD 36 million in seed and debt funding

Funding

  • Fynn, a FinTech lender providing private student loans, raised USD 36 million which includes USD 11 million in seed funding and USD 25 million in debt. The funding round was co-led by Y Combinator, Susa Ventures, Village Global, Tenacity Venture Capital, and Watchfire Ventures and brings the company’s total funding to USD 40 million.

  • The company intends to utilize the funds to expand its services throughout the US.

  • Founded in 2019, Fynn provides loans to students that wish to pursue a degree from a trade or vocational school. Fynn's loans come with three distinctive features: income protection, payment deferral, and loan forgiveness. These benefits are tailored to assist students in navigating unexpected financial challenges and repaying their loans without any stress. Fynn is presently granting loans to 150 different programs throughout the US. Since introducing its primary offering in July 2022, Fynn has issued loans of more than USD 4 million to students.

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