Form D Friday: 'merit-based' student loan lender in frisco gets seed funding.
The following story is from the Dallas Business Journal
Meritize Financial: $6.8 million
Frisco student loan lender has raised $6.8 million in seed funding, a filing this week shows. The company tapped tech investors Colchis Capital, Chicago Ventures, Cube Financial Holdings and ECMC Group.
The company was launched last year and looks not just at a student's credit history but their academic performance to make more loans available to those who sometimes may not be able to get financing. Meritize's loans have increased about 30 percent each month. The company's lead investor is S.A. Ibrahim, who recently retired as chief executive of mortgage insurance giant Radian Group.