About Splash Financial
Splash Financial is a company based in Cleveland (United States) founded in 2013 by Steve Muszynski.. Splash Financial has raised $149.38 million across 8 funding rounds from investors including Northwestern Mutual, First Technology Federal Credit Union and Detroit Venture Partners. The company has 68 employees as of December 31, 2022. Splash Financial offers products and services including Personal Loans, Student Loan Refinancing, In-School Student Loans, and Medical School Loan Refinancing. Splash Financial operates in a competitive market with competitors including Lend Grow, FitBUX, apay, Nelnet Bank and Yrefy, among others.
- Headquarter Cleveland, United States
- Employees 68 as on 31 Dec, 2022
- Founders Steve Muszynski
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Splash Financial, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$149.38 M (USD)
in 8 rounds
-
Latest Funding Round
$71 M (USD), Series C
Sep 02, 2025
-
Investors
Northwestern Mutual
& 9 more
-
Employee Count
68
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Splash Financial
Splash Financial offers a comprehensive portfolio of products and services, including Personal Loans, Student Loan Refinancing, In-School Student Loans, and Medical School Loan Refinancing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for consolidating debt with fixed rates and flexible terms.
Refinances existing student loans based on user qualifications and terms.
Provides loans for students still in school with specific rate options.
Refinances loans for medical residents with low monthly payments during training.
Unlock access to complete
Funding Insights of Splash Financial
Splash Financial has successfully raised a total of $149.38M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $71 million completed in September 2025. 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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $71.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series C - Splash Financial | Valuation | Grand Oak Capital | |
| Feb, 2024 | Amount | Series B - Splash Financial | Valuation |
investors |
|
| Jun, 2022 | Amount | Series B - Splash Financial | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Splash Financial
Splash Financial has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Northwestern Mutual, First Technology Federal Credit Union and Detroit Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tech focused VC firm that does seed and early stage investments in the US
|
Founded Year | Domain | Location | |
|
Early-stage founders are supported through impactful venture capital investments.
|
Founded Year | Domain | Location | |
|
Early-stage investments are targeted by the venture capital firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Splash Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Splash Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Splash Financial Comparisons
Competitors of Splash Financial
Splash Financial 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 Lend Grow, FitBUX, apay, Nelnet Bank and Yrefy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for lending products
|
|
| domain | founded_year | HQ Location |
Student loans and refinancing are facilitated via an online platform.
|
|
| domain | founded_year | HQ Location |
Student loan refinancing options are provided via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Operates a digital marketplace for student loan refinancing solutions.
|
|
| domain | founded_year | HQ Location |
Yrefy is engaged in offering promissory note investments for accredited investors.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Splash Financial
Frequently Asked Questions about Splash Financial
When was Splash Financial founded?
Splash Financial was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Splash Financial located?
Splash Financial is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Who is the current CEO of Splash Financial?
Steve Muszynski is the current CEO of Splash Financial. They have also founded this company.
Is Splash Financial a funded company?
Splash Financial is a funded company, having raised a total of $149.38M across 8 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jul 13, 2016.
How many employees does Splash Financial have?
As of Dec 31, 2022, the latest employee count at Splash Financial is 68.
What does Splash Financial do?
Provider of an online marketplace for education loan refinancing. It provides refinancing solutions for student loans and financial education for medical residents and fellows. Students enter the required details and supporting loan documents on the platform to check their eligibility for loans. The eligible students get approved for a new loan and the company pays off the old loans. Students can pay a minimum amount per month during the residency and fellowship training periods. Also provides a loan assessment tool, that enables the student to calculate the savings over the life of the loan, payments, and total cost of the loan.
Who are the top competitors of Splash Financial?
What products or services does Splash Financial offer?
Splash Financial offers Personal Loans, Student Loan Refinancing, In-School Student Loans, and Medical School Loan Refinancing.
Who are Splash Financial's investors?
Splash Financial has 10 investors. Key investors include Northwestern Mutual, First Technology Federal Credit Union, Detroit Venture Partners, Firebolt Ventures, and Northwestern Mutual Future Ventures.