TechCrunch: Tuition.io Hits $250M Under Management, Lands $1M In Seed
February 27, 2013

 

 

Tuition.io, the startup formerly-known-as Binksty, is one of a handful of companies trying to give college students some much-needed help in the loan department. A member of Launchpad LA accelerator‘s fourth class, Tuition.io wants to become the Mint.com for student loans by allowing student borrowers to manage their loans from a single interface and by providing a suite of tools to help them find the most relevant repayment options.

After officially launching its public beta six weeks ago, Tuition.io is today announcing that it has surpassed the $250 million mark in aggregate user debt under management and that it has raised $1 million in seed funding from investors that include Mohr Davidow Ventures, early-stage investor Jerry Neumann, New York-based venture firm Mesa+, AF Square’s Troy Carter, Richard Wolpert, Rob Glaser and Launchpad LA — to name a few.

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