Earnest has raised a $75m Series B led by Battery Ventures, in addition to $200m in debt from a syndicate of insurance companies.

Earnest is part of a growing trend towards tailored data driven lending decisions. Student loans is one of the highest growth areas for Earnest.

This is the second large growth equity round in fintech this week, following Ebury raising $83m from Vitruvian. Fintech is continuing to attract significant interest from the investment community.