Edge Focus – a leading fintech company focused on consumer finance – announced a strategic investment by Nelnet, a financial services company specializing in investment management, education technology, and asset servicing.
Nelnet’s investment in Edge Focus expands an existing partnership, such as a strategy to acquire consumer loan portfolios. Edge Focus and Nelnet see potential opportunities to work together and leverage the parties’ leading respective strengths.
This collaboration will enable Edge Focus to accelerate growth and innovation while utilizing Nelnet’s extensive experience in financial services and asset management.
KEY QUOTES:
“We are thrilled to strengthen our partnership with Nelnet. Adding Nelnet to our cap table is a seminal moment for us. Nelnet’s investment into Edge Focus and the creation of the investment fund provides us additional capital to drive growth and continue to hone our advanced technology for underwriting and investing in consumer credit. We look forward to working closely with Nelnet to capitalize on the significant opportunities in today’s market, while helping to expand access to credit for Americans seeking appropriately priced loans.”
– Elliott Lorenz, Co-Founder & CEO of Edge Focus
“Edge Focus is a strong partner with a proven track record of success. We are excited to invest in their future and expand our strategic relationship. The partnership allows us to leverage our financial strength, asset management, and broader servicing capabilities to create value for both companies.”
– Judd Deppisch, Chief Investment Officer of Nelnet Financial Services
