Earnest offers one- and two-year merit-based loans of $1,000 to $20,000 to financially responsible graduating students and young professionals. Earnest is able to offer very low interest rates by using its cutting-edge underwriting technology that looks beyond the outdated credit scoring process and includes a person's future potential. Investors in Earnest include Andreessen Horowitz, Atlas Venture, Collaborative Fund, First Round Capital and Maveron. Founded in 2013 and privately owned, Earnest is headquartered in San Francisco.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 05/20/14 | $15,000,000 |
Atlas Venture Collaborative Fund First Round Capital Maveron | undisclosed | |
| 01/28/15 | $17,000,000 | Series A |
Atlas Venture Collaborative Fund First Round Capital Maveron | undisclosed |
| 11/17/15 | $275,000,000 |
Adams Street Partners Battery Ventures Maveron | undisclosed |
