KEYBANK ACQUIRES FINTECH GRADFIN
KeyBank has announced its acquisition of GradFin, a leading provider of Public Service Loan Forgiveness counseling. This strategic move aligns with KeyBank's goal to enhance digital offerings for healthcare clients. GradFin, founded in 2015, specializes in providing comprehensive advisory solutions for student loan debt. The acquisition aims to leverage GradFin's innovative approach, combining digital platforms with expert guidance, to deliver effective debt relief solutions. The deal reflects KeyBank's commitment to expanding its fintech partnerships and driving digital innovation.
- Acquisition of GradFin enhances KeyBank's digital-first offerings in the healthcare sector.
- GradFin's expertise in student loan debt solutions aligns well with KeyBank's focus on client needs.
- Partnership expected to provide fast and effective solutions for debt relief and government forgiveness programs.
- GradFin CEO will continue to lead the team, ensuring continuity and experience in operations.
- None.
Deal Enhances Key's National Digital-first Offering for Healthcare Clients
CLEVELAND, May 9, 2022 /PRNewswire/ -- KeyBank today announced that it has acquired GradFin, one of the nation's leading Public Service Loan Forgiveness counseling providers. The acquisition furthers Key's commitment to accelerate growth through targeted investments in digital, niche businesses.
Founded in 2015 and based in Philadelphia, Pennsylvania, GradFin offers high-touch advisory solutions for individuals seeking assistance with student loan debt. GradFin experts provide one-stop-shopping for borrowers seeking debt solutions, with a particular focus on working with financial advisors and their clients.
"GradFin combines the best of digital and human interaction to create a unique client experience," said Jamie Warder, Head of Digital, KeyCorp. "Advisors thoroughly understand the economic environment as well as the specific needs of healthcare providers, while the digital platform provides fast and effective solutions for debt relief and government forgiveness programs. This approach perfectly fits Key's commitment to seamless client interactions and provides for a best-in-class experience."
"We're excited to become part of the Key team because of their exceptional track record in acquiring and growing fintech companies," said Chris Walters, CEO of GradFin. "We could not have asked for a better partner to help us launch into our next phase, continuing on our mission of bringing our loan education programs and market aggregation to financial advisors and their clients." Walters will continue to lead the GradFin team following the acquisition.
Key's acquisition of GradFin is the organization's next step in providing digital innovation at scale through strategic partnerships with fintechs.
About KeyCorp
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
View original content to download multimedia:https://www.prnewswire.com/news-releases/keybank-acquires-fintech-gradfin-301542560.html
SOURCE KeyCorp
FAQ
What is the purpose of KeyBank's acquisition of GradFin?
When did KeyBank acquire GradFin?
What services does GradFin provide?
How will the acquisition impact KeyBank's services?
What is KeyBank's strategic goal with this acquisition?
