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Overview
Earnest provides low-interest loans in the United States, specializing in student loan refinancing, private student loans, and personal loans. The platform uses data analysis and underwriting software to tailor rates to each borrower's financial profile. Loans come with flexible repayment plans and terms, and the company earns revenue from the interest on issued loans. Earnest distinguishes itself through data-driven underwriting that customizes pricing for individual borrowers and by offering adaptable repayment options, appealing to financially responsible customers. Its goal is to stay competitive by adjusting rates to market conditions while helping people manage education and personal debt.
About Earnest
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$327M
Headquarters
San Francisco, California
Founded
2013
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Simplify's Take
What believers are saying
- Navient closed a $550 million Earnest-backed securitization on May 5, 2026.
- Q4 2025 originations hit $4.1 billion in-school and $2.1 billion refinance.
- Personal loans now route through MoneyLion and Fiona, broadening distribution.
What critics are saying
- Massachusetts settled with Earnest for $2.5 million over AI fair-lending violations.
- Private refinancing destroys federal PSLF and income-driven repayment protections immediately.
- Nevada, Mississippi, and several states block products, capping national growth.
What makes Earnest unique
- Earnest matches grace periods and refinances before graduation, per 2026 product updates.
- Navient backs Earnest with capital markets scale after November 2025 acquisition.
- Its underwriting uses bank data, savings, and career signals beyond FICO.
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Funding
Total Funding
$327M
Above
Industry Average
Funded Over
6 Rounds
Battery Ventures
Andreessen Horowitz
First Round CapitalBenefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Home Office Stipend
Phone/Internet Stipend
Tuition Reimbursement
Paid Vacation
Parental Leave
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↓ -4%Earnest, a fintech company, has announced that eligible graduate students can now refinance their loans before graduation whilst maintaining their existing grace period for up to nine months. The initiative aims to help students reduce interest accrual on high-rate loans and align repayment with post-graduation income. The new offering addresses a gap in the market, as most lenders do not consider future income or match borrowers' grace periods. Federal Grad PLUS loan rates currently stand at 9.08% for 2024-2025 and 8.94% for 2025-2026. New federal loan caps taking effect on 1st July will further limit graduate borrowing capacity. Through the Job Offer Refinancing + Grace Period Match programme, borrowers can refinance within six months of graduation using a signed job offer letter, whilst preserving their grace period.
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About Earnest
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$327M
Headquarters
San Francisco, California
Founded
2013
Earnest is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today