Splash Financial Raises More Than $70 Million in Series C Round

CLEVELAND, Sept. 17, 2025 /PRNewswire/ -- Splash Financial ("Splash"), a leading AI-enabled lending marketplace, today announced it has secured more than $70 million in a Series C funding round and launched a new home equity line of credit (HELOC) product.

Splash connects consumers with a network of credit unions and banks through automated loan processing technology, helping traditional lenders deliver modern, frictionless borrowing experiences at competitive rates. The round was led by Grand Oaks Capital, with participation from First Tech Federal Credit Union, Curql Collective, The O.H.I.O.  Fund, and existing investors. With this latest funding, Splash has now raised more than $135 million in total equity funding since its founding and processed over $6 billion in loans.

The funding will accelerate growth and strengthen Splash's position as a premier destination for consumers seeking competitive rates from community-focused credit unions and banks. Since its founding, Splash has specialized in Student Loan Refinancing and Personal Loans, helping borrowers get great rates and take control of their financial futures. With its expansion into home equity lines of credit (HELOCs), Splash now offers homeowners a flexible way to access the value of their homes.

"Splash provides credit unions and community banks with the technology, models, and scale to efficiently grow their lending programs," said Steven Muszynski, Founder and CEO of Splash Financial. "With this new equity capital, we're expanding our credit union and bank network—supporting our partners with the tools they need to reach more borrowers and deliver a streamlined, competitive lending experience."

At the heart of Splash's strategy is a mission to make people more powerful than their debt, with a focus on helping consumers achieve their financial goals at every stage of life. For some, that may mean refinancing student loans after graduation; for others, consolidating personal debt to simplify payments; and increasingly, tapping into home equity to fund major life events.

"Consumers today expect great rates and a frictionless experience, but many traditional lenders struggle to deliver that 'wow' factor," said Dave Bovenzi, Chief Investment Officer at Grand Oaks Capital. "We're excited to invest in Splash because they empower credit unions and banks to offer a modern, tech-forward lending experience that truly meets today's consumer expectations."

"At First Tech, we're always looking for innovative ways to meet the evolving financial needs of our members," said Greg Mitchell, President & Chief Executive Officer at First Tech Federal Credit Union. "By deepening our long-term partnership with Splash Financial, we're able to offer a streamlined, tech-enabled debt consolidation and HELOC solution that provides current and future members/owners with fast, flexible access to funds they need to secure a strong financial future."

For credit unions, banks, and fintech partners, the expansion of Splash's product ecosystem opens new opportunities to reach borrowers without significant upfront investment. By seamlessly connecting supply and demand through turnkey digital lending technology, Splash enables lenders to expand distribution while giving consumers faster and more affordable access to financial products.

"For credit unions that want a deeply mission-oriented partner focused on credit union success, Splash is a best-in-class solution," said Nick Evens, President and CEO of Curql Collective. "Splash's focus on leveraging AI and automated lending technology will enable strong growth across HELOC and Personal Loans, providing credit unions with new members and delivering a smooth borrowing experience."

To learn more about Splash Financial, please visit www.splashfinancial.com.

About Splash Financial

Splash Financial, Inc. is a leading AI-enabled lending marketplace connecting consumers with a Splash-powered network of lenders through automated loan processing technology. Founded in 2013, Splash has originated over $6 billion in loans through its marketplace and established partnerships with credit unions and banks. With a mission to make people more powerful than their debt, Splash offers student loan refinancing, personal loans, and HELOC solutions. For more information, visit www.splashfinancial.com.

About First Tech Federal Credit Union

First Tech Federal Credit Union is a nearly $17 billion institution headquartered in San Jose, California. The nation's premier credit union serves the world's leading technology-oriented companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, Intuit, Google, and more. First Tech is recognized as the industry catalyst for delivering effortless banking experiences to more than 700,000 members through its 31 branch locations, more than 5,600 CO-OP Shared Branch locations, 30,000 CO-OP Network ATMs, and online platforms. First Tech offers a full range of financial services, including traditional banking, online banking, mortgages, financial planning, various consumer loans, and insurance services. Federally insured by NCUA. Equal Housing Lender. For more information, visit www.firsttechfed.com.

About Curql Collective

Curql Collective is a collaborative ecosystem built by credit unions, for credit unions, where innovation meets purpose. With the backing of over 160 progressive credit unions, Curql invests in and accelerates the development of fintech solutions that empower credit unions to better serve their members and stay competitive in a rapidly changing financial landscape. Through Curql Fund I, Curql Fund II, and Curql Accelerate, we've partnered with nearly 50 fintech companies to bring transformative technologies directly to the credit union movement. Together, we're creating opportunities for growth, enhancing member experiences, and driving meaningful change across the industry. For more information, please visit www.curql.com.

SOURCE Splash Financial