Milwaukee-based fintech and credit company College Ave Student Loans has secured $65 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 21 and financed by Guggenheim Investments.
According to its Crunchbase profile, "College Ave Student Loans offers private student loans to undergraduate students, graduate students, and the parents of students entering college. By specializing in student loans, it is able to provide its customers the attention they deserve and deliver loans that are personalized for each individual. The company also facilitates competitive rates, the most repayment options, and a customer-friendly experience from application through repayment."
The five-year-old company has raised five previous funding rounds, including a $30 million Series D round in 2017.
In other local funding news, big data company Part Analytics announced a $625,000 seed funding round on February 18.
According to Crunchbase, "Part Analytics is a Big Data analytics company focused on bringing data driven analytics to strategic procurement and engineering professionals and improving the electronics parts procurement process. Its SaaS based predictive analytics platform with a modern and intuitive UI enables smarter data driven decision making to optimize cost and improve profit margin."
The company also secured a $10,000 grant in 2017.
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