What is Splash Financial?
Founded in 2013 and headquartered in Cleveland, Ohio, Splash Financial operates as a student loan refinancing marketplace and technology platform. The company collaborates with credit unions and banks to offer consumers more favorable terms on their student loans, thereby enabling significant savings. Splash Financial has positioned itself as a key player in the personal finance technology space, leveraging strategic partnerships to broaden its reach and impact.
How much funding has Splash Financial raised?
Splash Financial has raised a total of $202.2M across 6 funding rounds:
Private Equity
$4.3M
Debt
$350K
Series A
$12.3M
Series B
$44.3M
Private Equity
$71M
Series C
$70M
Private Equity (2019): $4.3M with participation from Northwestern Mutual and CUNA Mutual Group
Debt (2020): $350K led by PPP
Series A (2020): $12.3M supported by CMFG Ventures , LLC and Northwestern Mutual
Series B (2021): $44.3M featuring DST Global Solutions, City Ventures, Detroit Venture Partners, Northwestern Mutual Future Ventures, Firebolt Ventures, and CMFG Ventures
Private Equity (2025): $71M, investors not publicly disclosed
Series C (2025): $70M with participation from The OHIO Fund, Grand Oak Capital Management, Curql, and First Tech Federal Credit Union
Key Investors in Splash Financial
Northwestern Mutual
Northwestern Mutual is a mutual financial services company providing financial planning through advisors, supported by insurance and investment solutions. Serves individuals and families with life insurance and wealth planning offerings, and operates as a policyowner focused organization that emphasizes long term financial strength and client outcomes.
CMFG Ventures
TruStage Ventures is the venture capital arm of TruStage, dedicated to accelerating fintech growth by funding innovators in the financial services sector. The company aims to enhance financial security for its members while bringing financial technology innovations to the credit union industry.
Curql
Curql is a collaborative platform that connects credit unions with fintech companies to foster innovation and growth in the financial services sector. The company facilitates joint investments from over 160 credit unions into vetted fintech solutions, enhancing their capabilities and offerings.
What's next for Splash Financial?
The substantial enterprise-level funding and recent strategic investment indicate a phase of aggressive scaling and market penetration for Splash Financial. Future endeavors are likely to focus on enhancing its technology platform, expanding its network of credit union and bank partners, and potentially exploring new financial product offerings. This capital infusion is expected to solidify its competitive advantage and drive further innovation in the student loan refinancing market.
See full Splash Financial company page
