Student Loan Genius Finds $3M

Austin-based Student Loan Genius, which operates employer-sponsored plans to help employees pay off and restructure their student loans, has raised $3M in a seed funding round. The funding came from Gibraltar Ventures, and also included Kapor Capital, Capital Factory, and Village Capital. Student Loan Genius is led by Tony Aguilar. The company's service allows employers to contribute to paying off an employee's student loan, much like a 401K match, in addition to automatic payment plans and helping employees with repayment strategies. More information »