Fynn Analysis: $36M Raised
What is Fynn?
Fynn is a financial services company that specializes in providing private loans to support students pursuing trade and vocational education. Its mission is to make education more accessible and affordable for individuals seeking to enhance their skills and career opportunities through vocational training.
Founded
2019
Industry
Lending
Number Of Employees
11-16
Latest Funding Round Size
$36M
Website Url
Product Features & Capabilities
- Fynn offers an affordable private funding option called the Income Protection Loan, which is designed to support students pursuing trade and vocational education. This loan is federally compliant and aims to provide financial assistance to help students access in-demand careers.
How much Fynn raised
Funding Round - $36M
RecentCompetitors
The main competitors of Fynn in the fintech space, particularly in providing private loans for trade and vocational education, include:
1. Navient
2. Eduvanz
3. Climb Credit
1. Navient
2. Eduvanz
3. Climb Credit
Recent News
Fynn, a fintech lender focused on providing private student loans for vocational education, recently raised $36 million in funding. This includes $11 million from a seed round and $25 million as a debt facility. The funding aims to support their platform, which is designed to help students pursuing trade and vocational education, addressing the skilled labor shortage in the U.S. The company is often described as a "SoFi for trade students," emphasizing its commitment to making education financing more accessible for those in vocational fields.
