Tomas Campos and Tushar Vaish co-founded Spinwheel in 2019 after Campos saw how student loan debt was affecting his sister, who graduated from college over a decade ago, and his niece, who graduated in 2019.
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When she graduated, we thought it was an awesome milestone, but she was distraught over how she would pay her student loan debt, Campos told Crunchbase News. My sister, who worked for the government, was rejected for student loan forgiveness and had to take all of her savings and put it toward the student debt. She had been saving for a house.
Its that financial shock that Spinwheel is trying to help people avoid. It secured $11 million in its first round of financing to enable Americans to get out…
Read the full article at: https://news.crunchbase.com/news/exclusive-spinwheel-banks-11m-for-consumer-debt-management-tool/?utm_source=cb_daily&utm_medium=email&utm_campaign=20210506&utm_content=intro&utm_term=content
