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Stock impact report

Nelnet and Edge Focus Deepen Partnership [Yahoo! Finance]

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: Yahoo! Finance
by Nelnet, Inc. (NYSE: NNI), a financial services company specializing in investment management, education technology, and asset servicing. Nelnet's equity investment in Edge Focus expands an existing partnership, including a strategy to acquire consumer loan portfolios. Edge Focus and Nelnet see the potential for opportunities to work together and leverage the parties' leading respective strengths. This strategic collaboration will enable Edge Focus to accelerate its growth and innovation while leveraging Nelnet's extensive experience in financial services and asset management. "We are thrilled to strengthen our partnership with Nelnet," said Elliott Lorenz, Co-Founder & CEO of Edge Focus. "Adding Nelnet to our cap table is a seminal moment for us. Nelnet's investment into Edge Focus and the creation of the investment fund provides us additional capital to drive growth and continue to hone our advanced technology for underwriting and investing in consumer credit. We look forward Show less Read more
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