[Medium] Why We Invested In Summer: Why We’re Helping Students Minimize Debt Loans
At Flourish, we have tracked market innovations in student debt closely, given our focus on technology-led financial health solutions. While first-generation startups like SoFi have narrowly targeted high-income degree holders (MBAs, JDs and MDs), we believe the greater commercial and impact opportunity lies in expanding solutions to a broader, mass-market consumer base.
In that context, we are proud to announce our recent investment in Summer, a mission-driven, certified B corporation that specializes in enrolling student borrowers in best-fit federal and state loan assistance programs, among other savings opportunities, to minimize their debt loads. Flourish’s investment builds on Summer’s strong momentum fueled by its recent $10M Series A fundraise led by QED Investors.