No More Fynanz.com!

Fynanz.com appears to be officially shut down. I can’t say for certain because there are no notices, no announcements, and no emails to registered users.  These jokesters just left us with a maze on their website.  When you visit the site, you are left with two options, “Financial Institutions” and “P2P Borrowers and Lenders”.  

Select “P2P Borrowers and Lenders” and you are only able to log into your account.  If you are a lender and click on browse borrowers, you are sent back to the beginning.  You can’t do anything in your account.  The only thing I was capable of doing was transfer funds and visit their “help” section.  In the “help” section they don’t mention anything about shutting down.  What a joke!

The only message on their site that confirms they are not doing business  is; “We are currently not accepting new borrower applications.” You can only find this message when you try to become a registered borrower.

The other option on their main page is for financial institutions.  From what I see, fynanz.com has turned into a company which offers student loan platforms for other financial institutions. Basically, they create a student loan site for another company.  

“Are you a financial institution interested in establishing a private student loan program?

If so, Fynanz can help!

The Fynanz Student Lending Platform is a turn-key, web based solution that allows you to penetrate the growing private student loan market.”

Goodbye to peer lending fynanz.com.