Acquisitions

Student Loan Hero Acquired by Lending Tree for $60M

Start-Up Chile alumni company Student Loan Hero was acquired by Lending Tree for $60M. Founded by Andy Josuweit, Pavel Timofeev and Max Spiegel in 2012, Student Loan Hero created a suite of tools for graduates and students alike to manage their student loans.

They participated in the program in 2012 and maintained a presence in Chile after the program, with CTO Pavel Timofeev maintaining a presence. Student Loan Hero is another example of successful tech companies that target the US market but maintain a presence in Latin America after graduating Start-Up Chile and didn’t have to raise venture capital outside of Start-Up Chile’s equity free $40,000 grant.

For more information:

Original PR Web Press Release

Austin Inno Original Article

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