Tuition.io Raises $7 Million

Fintech startup Tuition.io announced it has raised $7 million in Series B financing, led by Wildcat Venture Partners, with participation from Mohr Davidow Ventures and MassMutual Ventures.

Tuition.io’s award-winning technology enables global employers to offer student loan payments as an employee benefit. It is the nation’s leading student loan management platform, and it has helped tens of thousands of students borrow more than $2 billion in outstanding loans. Typical users increase their monthly payments by between four to eight percent, and the Tuition.io site has shown a 20 percent reduction in delinquent loans. It is a proven tool for hiring and retaining competitive talent while simultaneously addressing the $1.3 trillion student loan crisis.

In its announcement, the company said this round of funding will enable Tuition.io to scale its sales and customer success teams, expand and deepen product offerings and drive market expansion.