Navient Corp., one of the largest U.S. companies that collects payments on student debt, jumped into the lending business on Wednesday by agreeing to acquire financial-technology startup Earnest Inc. The Wilmington, Del.-based company will pay $155 million in cash for Earnest. Navient plans to maintain the Earnest brand as a separate unit, which will be led by its co-founders, Louis Beryl and Ben Hutchinson.

Source: Wall Street Journal October 04, 2017 20:10 UTC