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Fynn raises $36M for a platform to finance students in vocational education



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When people think of the funding crisis in further education, thoughts normally turn to the rising price of a typical four-year college degree. But that’s not the only financial gap that exists: those who want to pursue hands-on careers in trades like medical technicians, automotive mechanics, welding, carpentry or air conditioning specialists also regularly find themselves out of pocket when it comes to paying for the required training that many of these jobs need. A startup called Fynn that has built a financing platform for these vocational hopefuls — a “SoFi for trade students” in a sense. It currently works with around 150 technical colleges in the U.S., and now with some traction — $4 million loaned since the platform first went live in the summer of 2022 — today it’s announcing $36 million in funding to continue …

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