A new lender looking to rationalize borrowing for university expenses opened its doors yesterday. Called College Ave, the service is backed by Fenway Summer, the joint investment and advisory business that has backed such startups as alternative lender Prosper, virtual currency service Circle, and student loan management tool Tuition.io.
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We were lamenting the lack of innovation in the mortgage industry — and then two startups pop up. So it goes in the fintech startup bubble. First, startup SoFi recently raised $80 million (yes, you read that number right) and promptly announced that it would start marking mortgages. Then, FenwayRead More