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Aug

07

Lending Startup Earnest Is Working With Barclays to Find Buyer

By Tony Seruga

Startup said to seek sale as lending industry struggles
Hoping to get bids of $200 million after raising $300 million

Earnest Inc., a financial-technology startup backed by venture capital firms including Andreessen Horowitz, is working with Barclays Plc to find a buyer.

The San Francisco-based company, which offers student loan refinancing as well as personal loans, is hoping to secure bids for around $200 million, according to people familiar with the matter. There has been more than one bid so far but it’s unclear at what price, said one of the people, who asked not to be identified because the talks are private…

Lending Startup Earnest Is Working With Barclays to Find Buyer

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