Summer closes a $9 million funding round led by Rebalance Capital and SemperVirens to address the rising demand for student loan solutions.
PRIVATEApr 08, 2024
Amount Raised
$9 Million
Round Type
Series A
New YorkFinancial ServicesLending
Investors
General CatalystQedFlourish VenturesSemper VirensRebalance Capital
Description
Summer, a workplace student loan solution, announced a $9 million fundraising round led by Rebalance Capital and SemperVirens. The funding aims to support the rising demand for student loan solutions as student loans resume and more employers seek assistance programs and retirement matching options for their employees.
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Company Information
Company
Summer
Location
New York, United States
About
Summer partners with organizations to empower their populations to navigate and reduce student loan debt through proven technologies, policy expertise and human support. Founded in 2017 by industry experts, its mission is to alleviate student loan debt for 46 million borrowers by providing leading solutions like automated digital Public Service Loan Forgiveness enrollment and loan consolidation. Summer is a certified B Corporation. For more information, visit www.meetsummer.com.
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New YorkFinancial ServicesLending