About Earnest
Earnest is a company based in San Francisco (United States) founded in 2013 was acquired by Navient in November 2017. Earnest has raised $107 million across 4 funding rounds from investors including Navient, New York Life Insurance and Atlas Venture. The company has 131 employees as of December 31, 2018. Earnest operates in a competitive market with competitors including SoFi, Avant, Moneylion, Oportun and Asaak, among others.
- Headquarter San Francisco, United States
- Employees 131 as on 31 Dec, 2018
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Sectors
Financial Services
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Phone
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- Legal Name Earnest Inc
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People of Earnest
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Software Development Team
42 people
Product Management Team
15 people
Human Resources and Administration
6 people
Legal and Compliance
4 people
Leadership Team
4 people
Creative and Marketing Team
4 people
Operations Team
3 people
Lead Team
2 people
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Funding Insights of Earnest
Earnest has successfully raised a total of $107M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $75 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Earnest
Earnest has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Navient, New York Life Insurance and Atlas Venture.
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Investments in technology companies are conducted globally by Battery Ventures.
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Private markets investment management with strategies in equity, credit, and secondary investments.
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Venture capital investments in consumer businesses, emphasizing technology and human behavior.
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Investor details for Earnest
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Investments & Acquisitions by Earnest
Investment portfolio details for Earnest
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Financial Statements - Earnest
Detailed financials for Earnest
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Earnest Comparisons
Peer comparison for Earnest
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Competitors of Earnest
Earnest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SoFi, Avant, Moneylion, Oportun and Asaak, among others.
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Various consumer loans and financial services are offered online.
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Consumer loans are facilitated via an online platform.
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Instant consumer loans and mobile banking are offered online.
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Online platform for consumer loans
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Consumer loans are facilitated online based on credit scores.
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Detailed competitors of Earnest
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Latest news on Earnest
Complete news archive for Earnest
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Frequently Asked Questions about Earnest
Earnest was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Earnest is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Earnest is a funded company, having raised a total of $107M across 4 funding rounds to date.
As of Dec 31, 2018, the latest employee count at Earnest is 131.
Earnest is a direct lender providing student loan refinancing and personal loans. Student loans ranging from 5K to 5M can be refinanced by students as well as parents with interest rates starting from 2.75 APR. Loans are offered to students graduated from Title IV accredited schools who are employed currently. Earnest offers both fixed and variable interest loans and claims to generate average savings of 21K through refinancing. Earnest looks beyond credit score and evaluates a persons full education, employment, and financial profile. Earnest also offers personal loans up to 50K with fixed interest rates starting at 5.25 APR.
Earnest has 10 investors. Key investors include Navient, New York Life Insurance, Atlas Venture, Battery Ventures, and Adams Street Partners.