Fundz

Splash Financial has secured $44.3 million in Series B funding, led by DST Global, Citi Ventures, and Detroit Venture Partners. The investment will help the company expand its lender network and develop its automated underwriting platform.

PRIVATEMar 29, 2025

Amount Raised

$44.3 Million

Round Type

Series B

ClevelandFinancial ServicesOther Banking And Financial Services

Investors

CMFG VenturesNorthwestern Mutual Future VenturesDST GlobalCiti VenturesDetroit Venture Partners

Description

Digital lending platform Splash Financial has secured $44.3 million in a new Series B funding round. The round was led by partners of DST Global, Citi Ventures and Detroit Venture Partners with participation from existing investors CMFG Ventures and Northwestern Mutual Future Ventures. Splash says the investment will be used to further expand its lender network and accelerate the development of its automated underwriting platform. The firm helps borrowers shop and compare financial products from a network of lenders.

Quick answer

SPLASH FINANCIAL raised $44.3 Million in a Series B round, dated March 29, 2025. Investors: CMFG Ventures, Northwestern Mutual Future Ventures, DST Global, Citi Ventures and Detroit Venture Partners. SPLASH FINANCIAL is based in Cleveland, Ohio, United States.

How much did SPLASH FINANCIAL raise?
SPLASH FINANCIAL raised $44.3 Million in a Series B round on March 29, 2025.
Who invested in SPLASH FINANCIAL?
CMFG Ventures, Northwestern Mutual Future Ventures, DST Global, Citi Ventures and Detroit Venture Partners are named as investors in this round.
What does SPLASH FINANCIAL do?
Splash Financial is a financial technology company based in Cleveland, Ohio, founded in 2013.
Where is SPLASH FINANCIAL based and how big is it?
SPLASH FINANCIAL is based in Cleveland, Ohio, United States. Fundz records about 140 employees.

Source: Fundz verified event record.

Who else raised in Financial Services and Other Banking And Financial Services around the same time

Companies in the same sectors as SPLASH FINANCIAL that raised within 45 days of this round, from Fundz verified event records.

  • Jones Financial Companies LLLP raised $488K (Seed) on April 1, 2025.
  • WORTHY WEALTH raised $155K (Pre-Seed) on February 27, 2025.
  • Blue Chip Capital Group raised $35K (Seed) on May 13, 2025.
  • SurgePays raised $7M (Convertible Note) on May 13, 2025.
  • Keyanb CRYPTO GROUP Ltd raised an undisclosed amount on May 13, 2025.
  • Work-Bench raised $160M on May 12, 2025.

Who to call at SPLASH FINANCIAL, and when

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Company Information

Company

SPLASH FINANCIAL

Location

812 HURON RD. E.

Cleveland, Ohio, United States

About

Splash Financial is a financial technology company based in Cleveland, Ohio, founded in 2013. It operates a marketplace that connects consumers with banks and credit unions for student loan refinancing and personal loans. The company aims to empower individuals to manage their debt more effectively by simplifying the loan process and offering competitive rates through its network of lending partners. Splash Financial specializes in refinancing options for both private and federal student loans, including Parent PLUS loans, and caters particularly to medical and health professionals. It also provides personal loans ranging from $1,000 to $100,000 with flexible terms and competitive APRs. The platform utilizes automated underwriting technology to streamline the loan application and approval process, ensuring a faster and more efficient experience for borrowers. With over 100,000 accounts opened and more than $6 billion in refinancing requests processed, Splash Financial has established itself as a leader in the student loan refinancing market. The company operates entirely online, allowing for quick prequalification and funding, often within one business day.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

SPLASH FINANCIAL raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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