Fundz

Nelnet

Lincoln, Nebraska, United States · Energy, Financial Services, information technology & services · 6,800 employees

Nelnet (NYSE: NNI) is a publicly traded diversified financial services and technology company focused on offering educational services, technology solutions, professional services, telecommunications, renewable energy, and asset management. Nelnet has nearly $21 billion in assets, including a $17.6 billion loan portfolio, and services almost $560 billion in loan assets. Since 2018, Nelnet Renewabl

Funding history

  • Series n/a — $435.0M — Apr 2026

Recent signals

  • Apr 02, 2026: Raised $435.0M in Series n/a
  • Mar 31, 2026: SEC 8-K (1.01): On March 31, 2026, Nelnet, Inc. entered into a Credit Agreement with U.S. Bank National Association as the Administrative Agent and several other banks including Wells Fargo Bank, Royal Bank of Canada, and First National Bank of Omaha. This Credit Agreement provides Nelnet with a $435 million unsecured line of credit, with an initial outstanding balance of $0. The available credit will enable the company to make future borrowings, which will be subject to variable interest rates dependent on market conditions and the company’s credit rating. This agreement enhances Nelnet's financial flexibility and operational capacity for upcoming projects or needs.
  • Feb 02, 2026: SEC 8-K (2.01): On February 2, 2026, Nelnet, Inc. completed the acquisition of Finastra Holdings Limited's Canadian student loan servicing business through its subsidiary, Nelnet Canada, Inc. The total consideration for this acquisition was CAD $130.5 million (approximately USD $95 million) in cash, subject to customary adjustments. This transaction is in line with the previously announced definitive purchase agreement dated October 22, 2025, which was reported in an earlier Form 8-K on October 23, 2025. This acquisition is expected to enhance Nelnet's service offerings in the Canadian market, marking a significant step in its expansion strategy.
  • Jan 15, 2026: SEC 8-K (5.02): On January 15, 2026, Tim Tewes, President and Chief Executive Officer of Nelnet, Inc. and its subsidiary Nelnet Business Services, announced his intention to retire, effective June 30, 2026. Following his retirement, Tewes will continue to serve on the Board of Directors of Nelnet Bank. This announcement highlights a significant leadership change within the company at a strategic time as it prepares for future directions without its long-term CEO.
  • Oct 23, 2025: Acquired Nelnet Canada to acquire Finastra's loan servicing unit
  • Oct 23, 2025: SEC 8-K (2.01): On October 23, 2025, Nelnet, Inc. and its wholly owned subsidiary, Nelnet Canada, entered into a definitive purchase agreement with DH Corporation, a subsidiary of Finastra Holdings Limited. The agreement involves Nelnet Canada acquiring Finastra's Canadian student loan servicing business for CAD $130 million (approximately USD $93 million) in cash. The transaction is projected to close in the first calendar quarter of 2026, pending customary closing conditions, which indicates significant expansion of Nelnet's operations in Canada and enhances its service offerings in student loan management.
  • Jul 24, 2025: Launched Nelnet launches Propelr, a learning platform aimed at enhancing workforce training and retention for businesses.
  • Apr 14, 2025: Acquired Nelnet acquires Next Gen Web Solutions

See plans & pricing → Track Nelnet’s funding, hiring, and signals — with verified contacts — on Fundz.