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Fynn has raised $36 million in seed funding from notable investors

Fynn has raised $36 million in seed funding from notable investors

March 12, 2023

Fynn Logo

If you're looking to pursue a career in a trade or vocational school, but are struggling to finance your education, Fynn might be the solution you've been looking for. This New York City-based startup has raised $36 million in seed funding from notable investors like Y Combinator, Watchfire Ventures, Village Global, Susa Ventures, and Tenacity Venture Capital, among others. Fynn offers safe, fair, and affordable loans to students of all backgrounds who attend qualifying trade schools.

Some team members at Fynn

Founded by Eric Menees, Fynn's mission is to rebuild the American middle class through fair and affordable loans for students of all income levels and backgrounds. Unlike traditional lenders, Fynn underwrites loans differently, partnering with students from underserved demographics and working with them to foster valuable careers. Their loans are designed to be flexible and keep students on track, but they also offer payment reduction, payment pause, and loan forgiveness options. If your income drops below a certain level, Fynn will cover up to 20% of your monthly payment, and if you become unemployed or your income drops significantly, you can apply to pause your payments. Additionally, if you haven't finished paying off your loan within 15 years, Fynn will forgive any outstanding balance on your loan.

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