Sunday, January 07, 2018

Frank raises another $10m broking student loans

Frank, a startup founded by Charlie Javice, helps students and families get every dime of financial aid possible by negotiating directly with universities on the student’s behalf. (Currently has assisted 200k families  in raising $5.5b in loans - about 2000 applicants a day)

 This approach, and its four minute FAFSA application process, led to a $5.5 million seed-stage round in March of 2017. The company has since announced an additional $10 million Series A round from RWN, Reach Capital, and Aleph—bringing its total funding amount to $15m.

Wouldn’t a financial planner want to have an alliance with this puppy? 

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