Steve Muszynski watched his college friends, especially doctors, struggle after college to pay their student loans. He wondered why handling student loan debt was often more difficult than other types of debt.
Splash Financial was founded in 2013. Originally, the company was designed to be a college savings and investment group, but Muszynski quickly changed to refinancing student loans.
Even during the pandemic of 2020, the company has done well and in September, closed on a $12.3 million round of investments.
The company has developed algorithms to run an interest rate engine that pairs borrowers with lenders that offer the best solutions. This is digital technology with a lot of security that is easy to use. The company has invested millions of dollars developing and launching this technology.
Splash Financial is working on a fully automated loan experience that is able to approve loans in a matter of minutes, not days.
In September 2020, Splash Financial announced its support for the Cleveland Browns.
Splash Financial maintains a corporate office in Cleveland, Ohio.