San Francisco based consumer debt management platform raised $11m in funding led by QED Investors.
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Spinwheel raises $11m for consumer debt management platform
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“If you are just doing it directly you are not going to get traction, but if you build it into existing channels, such as banks, grocery store points or airline points, there will be more success,” Schütte added. “Financial services are complicated, and Tomas and Tushar have an extraordinary motive for getting up in the morning. We were moved by what we felt was an authentic story and reason to chip away at student debt.”
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