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New Startup Savi Raises Series A to Help Graduates with Student Loan Forgiveness
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New Startup Savi Raises Series A to Help Graduates with Student Loan Forgiveness

New Startup Savi Raises Series A to Help Graduates with Student Loan Forgiveness

Emily Donato·
FintechNews RoundupUSA
·Apr. 15, 2020·1 min read

Student loan startup Savi has raised a $6mn series A round led by Nyca Partners; the company is coming along at the perfect time for graduates as the current crisis has made student debt an even bigger issue than before; while the government has announced some short term answers companies like Savi could provide a long term solution; Savi ingests student loan data from users to calculate the best options for repayment or forgiveness while taking into account the goals of its users; the company is focused on social workers, service workers and teachers, counting NEA, the largest teachers union in the United States with around 3 million members, as a partner; Savi’s tools are offered through partners to employees so they can better understand what option is best for them; the company says they have saved the average borrower $140 in savings per month, they charge a subscription fee of $5 for their services. TechCrunch

  • Emily Donato
    Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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