LendKey Secures Up To $1B in Financing from MidCap Financial
April 15, 2015
Online lending platform LendKey has secured a financing commitment from MidCap Financial that will be used by the specialty finance firm to purchase up to $1 billion of student consolidated loans. The financing will enable LendKey and its lender clients to expand student loan refinancing programs and provide flexibility by giving clients options for liquidity and capital management. LendKey is backed by Draper Fisher Jurvetson and Gotham Ventures, among others.