New York based student lending startup raised a $5.5m Series Seed led by Kleiner Perkins.
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Pillar raises $5.5 million
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“The student loan industry in the US has been fundamentally unchanged for over 15 years at this point,” Bloch (co-founder & CEO) expressed in an interview with Crunchbase News, adding that people distrust giant lenders. “These [massive] companies literally make money by keeping people in debt where every dollar that somebody tries to pay back towards their loan is a dollar that these companies are not going to get in interest from you in the future.”
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