Sign up to receive 5 free days of our daily summary for tech news.

Special Offer: Try out The Information today for only $10/month for your first 3 months.

Online Lender Earnest Seeks to Raise $50 Million or Find Buyer

Earnest, the online lending startup, is seeking to raise $50 million in new equity as it simultaneously looks for a buyer, according to people familiar with the situation.

The San Francisco-based company hired Barclays as an adviser to pursue the so-called “dual-track” process, the people said. One of the people confirmed a Bloomberg report on Monday that Earnest hired Barclays to sell the company for about $200 million, which the person said was lower than its previous, undisclosed, valuation. Earnest has previously raised $100 million in equity as well as $200 million in debt, according to Crunchbase. 

What Is The Information?


Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.


Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.


Global Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Tech Top 10 Mobile App

Our new app featuring summaries of the most important tech news curated by our team, a calendar, breaking news alerts and more.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here