CIOApplications
static-image
  • Home
  • Applications
      • Bioinformatics
      • Business Continuity
      • Business Intelligence
      • Chatbot
      • Collaboration
      • Custom Software Development
      • CRM
      • Enterprise Reporting Software
      • GRC
      • Human Resource
      • Indoor Positioning
      • InsurTech
      • Intellectual Property
      • IT Operations Management
      • IT Service Management
      • Low Code Platform
      • Maintenance Management
      • Managed IT Services
      • MarTech
      • Master Data Management
      • Mobile Application
      • Order Management
      • Parking Management
      • Procurement Tech
      • Publishing Software
      • Remote Monitoring
      • RFID
      • Sales Tech
      • SAS
      • Software Testing
      • Task Management
      • Unified Communications
      • Workflow
      • Workplace Management
  • Verticals
      • BioTechnology
      • Construction
      • Contact Center
      • Education
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Legal
      • Logistics
      • Manufacturing
      • Travel and Hospitality
      • Utilities
  • Technologies
      • Agile
      • API
      • Artificial Intelligence
      • Blockchain
      • CAD/CAM
      • Cloud
      • Cyber Security
      • Data Analytics
      • Data Center
      • Digital Transformation
      • Graphics
      • IoT
      • Machine Learning
      • Machine Vision and Imaging
      • Predictive Analytics
      • Robotic Process Automation
      • Simulation
      • Smart Labelling
  • Eco System
      • Adobe
      • Amazon
      • Esri
      • Google
      • IBM
      • Infor
      • Kubernetes Partner
      • NetSuite
      • Oracle
      • PTC Partners
      • Qlik Partner
      • Salesforce
      • ServiceNow
      • SiteCore
      • VMware
  • Vendors
  • News
  • Newsletter
  • Whitepaper
  • conferences
  • About Us
  • Specials

  • Menu
      • Business Continuity
      • Chatbot
      • Cloud
      • Collaboration
      • Contact Center
      • Esri
      • Human Resource
      • InsurTech
      • IT Service Management
      • Machine Learning
      • Manufacturing
      • Master Data Management
      • Procurement Tech
      • Robotic Process Automation
      • Salesforce
      • ServiceNow
      • Software Testing
  • Contact Center
  • Collaboration
  • Chatbot
  • Esri
  • Human Resource
  • InsurTech
  • Machine Learning
Specials
  • Specials

  • Business Continuity
  • Chatbot
  • Cloud
  • Collaboration
  • Contact Center
  • Esri
  • Human Resource
  • InsurTech
  • IT Service Management
  • Machine Learning
  • Manufacturing
  • Master Data Management
  • Procurement Tech
  • Robotic Process Automation
  • Salesforce
  • ServiceNow
  • Software Testing
×
#

CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

Subscribe

loading
  • Home
  • Fintech
Editor's Pick (1 - 4 of 8)
left
Making the Right Investment

Making the Right Investment
Brad Peterson, EVP & CIO, NASDAQ

Utility Game-Changers: Solar, Wind, Hydro and Fintech

Utility Game-Changers: Solar, Wind, Hydro and Fintech
Adriana Karaboutis, CIO & CDO, National Grid

Transformations in Financial Technologies

Transformations in Financial Technologies
Jacob Sorensen, CIO, Bank of The West

Innovation During a Global Crisis: Digital Banking Proves its Power

Innovation During a Global Crisis: Digital Banking Proves its Power
Alex Weber, Chief Growth Officer, N26

Increasing Competitive Advantage with Fintech

Increasing Competitive Advantage with Fintech
Selim Tastan, Head of Digital Transformation and Innovation, Kuveyt Turk Participation Bank

Fintech Solutions for the Exploding Savings Market - How banks can transform the pandemic deposits boom into stable long-term funding

Fintech Solutions for the Exploding Savings Market - How banks can...
Paul Knodel, CEO and Managing Director, Raisin US Inc.

Go Big Data or Go Home-Data Analytics-Enabled Compliance Programs

Go Big Data or Go Home-Data Analytics-Enabled Compliance Programs
Kevin Gleason, Senior Vice President at Voya Investment Management and Chief Compliance Officer of The Voya Funds & Matthew Gleason, Undergraduate Computer Science Major at The University of Arizona

Is it Time to Rethink Your Wellness Strategy?

Is it Time to Rethink Your Wellness Strategy?
Scott Mcduffie, Senior Director with Willis Towers Watson

right

Thank you for Subscribing to CIO Applications Weekly Brief

Splash Financial Raises $12.3 Million from Series A Round of Financing

By CIO Applications| Tuesday, June 02, 2020
Tweet

Splash Financial closes a $12.3M Series A Round co-led by CMFG Ventures and Northwestern Mutual Future Ventures

Fremont, CA: Splash Financial, a renowned student loan refinance marketplace and technology platform that partners with banks and credit unions to avail easy student loans, closed a $12.3 million Series A Round of financing. This latest funding round was co-led by Northwestern Mutual Future Ventures, the corporate venture capital arm of Northwestern Mutual and CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group. 

Since the last few years, Splash experienced a widespread extension in its customer base, and recently crossed almost 100,000 individual customer accounts and $6 billion in refinancing requests. Splash Financial intends to use the investment raised from Series A round of financing to continue the expansion of its national board, onboard additional lending parties, and stay focused on extending helping hands to the people in need. 

"Student loan debt has held people back from pursuing their career dreams, starting a family, and quite often even from moving out of their parent's home. We are excited to offer such a strong solution that allows people to get out of debt faster and move their life forward," said Steven Muszynski, Founder, and CEO of Splash Financial. "CUNA Mutual and Northwestern Mutual have been fantastic partners whose strong culture and values were abundantly clear from the beginning of our relationship. We are proud to continue working with them to create a more confident financial future."

"Over the past year, we have seen the strong demand throughout our credit union network in leveraging the Splash student loan refinance technology to drive in new members and strong assets," said Brian Kaas, president, and managing director, CMFG Ventures. "Student loan refinancing is an important opportunity for growth for financial institutions, both in generating strong credit assets and in driving a digital member acquisition and cross-sell strategy. The CUNA Mutual team is looking forward to partnering with Splash to expand their footprint into more financial institutions and help millions of people save money on their student loans."

"Millions are living with student loan debt, which can have a significant impact on their financial plan now and in the future," said Craig Schedler, managing director, Northwestern Mutual Future Ventures. "Splash offers an important solution to help people save money each month and over the life of their loan. We have a shared mission of helping clients secure their financial futures, and we're excited to continue our partnership with Splash as the company expands and helps more clients reduce their student loan debt."

Check This Out: Financial Tech Review

tag

Financial

Weekly Brief

loading
ON THE DECK

Top Vendors

Field Service 2021

Top Vendors

Previous Next
Tweets by CIOApplications

Read Also

Four Business Challenges in Procurement

Four Business Challenges in Procurement

Five Trends Set to Transform the Contact Center

Five Trends Set to Transform the Contact Center

How the Weaponization of Artificial intelligence (AI) can Impact the Future of Humanity

How the Weaponization of Artificial intelligence (AI) can Impact the Future of Humanity

Four Benefits of Cloud-Based Business Budgeting Software

Four Benefits of Cloud-Based Business Budgeting Software

Four Major Benefits of Green Technology in the Construction Industry

Four Major Benefits of Green Technology in the Construction Industry

Things You Should Know About Insurtech

Things You Should Know About Insurtech

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe |  About Us

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/splash-financial-raises-123-million-from-series-a-round-of-financing--nid-5931.html