New York based online lender for millennials, Pave, just secured $300m in debt and equity from New York hedge fund Seer Capital, along with existing investors. This online lender wants to help those with little credit history receive a loan easily, but they must have a commitment to education (i.e., taking a developing course at General Assembly). Some say the Federal Reserve's nudge of core rates could effect the cost of funding for these online lenders in 2016, but for now these platforms seem to continue flourishing as banks continue to reject low FICO borrowers.