lendingother lending

LOCATION: United States
Last Update: 01/05/2020

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Earnest was founded in 2013 on the belief that getting a loan shouldnt be so difficult for financially responsible people. We are bringing back the trust that was previously lost in financial systems. We look beyond a credit score, instead of analyzing a person's full education, employment, and financial profile to reward financially responsible people with better rates than traditional lenders.For recent college graduates, repaying student loans can be a stressful financial burden as you embark on your career. This is why Earnest offers student loan refinancing with low-interest rates and zero fees. Refinancing your student loans with Earnest gives you the option to choose a repayment plan that fits your budget and the option to choose between a variable or fixed interest rates. We also offer extras like the ability to skip a payment, change your payment amount and date, and the ability to repay your loan faster without penalties. Navigating loans to pay for school can be a long and confusing process. This outdated process inspired us to create a new private student loan product, with new tools to simplify every step of the application and approval process. Led with technology, data, and design to engineer a more human application experience, Earnests private student loans incorporate an innovative eligibility check, cosigner invite, ability to customize your loan, and a 9-month grace period. We have no fees and offer flexible repayment options and extras like skip a payment.Learn more about Earnests products at www.earnest.com. For employees, Earnests culture is as dynamic as the products we are building and defining every day. Earnest offers great perks including a generous paid time off policy, catered meals, annual flight to anywhere in the world with a buddy (up to $1,000), and more.

MEDICI Analysis

Earnest is merit-based lender with a different approach to personal lending and credit



Student Loan Refinancing and Personal Finance Loans. Earnest help users reach their financial goals.


The revenue model of Earnest is based on interest fee.


Earnest’s big data approach allows it to offer applicants a “check your rate” feature that gives them a quote in under two minutes, after the applicant inputs their employer, education level, school, job title, income and savings.



$113 M in 2015


$8 M

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