Credible Raises $10 Million for Student-Loan Marketplace
By Mike Billings (wsj.com)
Credible Labs Inc., a company that wants to make it easier for students to obtain or refinance loans, has raised $10 million in new funding from venture investors and leaders in the alternative-lending industry, Lora Kolodny reports for Dow Jones VentureWire.
The company’s website lists rates and loan offers from financial services firms that run the gamut from traditional banks, credit unions and peer-to-peer lending platforms.
“The new funding included existing investors Carthona Group and Redbus Group. New investors included Soul Htite, the founder and chief executive of Dianrong.com and co-founder of Lending Club Corp.; Prosper President Ron Suber; and Scott Langmack, chairman of Purisima West Fundsand board member at Dianrong.comOriginal Article