Online lender Earnest sells to Navient, in a disappointing deal for investors

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to report the news. The exit isn’t so great for Earnest’s investors. They’d plugged roughly $320 million in cash and debt into the company, which was initially centered around… Read MoreOriginal Article