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Nelnet is an operating holding company providing diversified financial and technology-enabled solutions, specializing in student loan servicing. It leverages agile technology, with capabilities in payment processing, digital accessibility, and custom software development. Beyond its core lending and servicing, Nelnet delivers comprehensive business process outsourcing and financial aid management systems.
The company's journey began in 1978, founded by Mike Dunlap and Steve Butterfield. Their initial insight stemmed from a belief that they could introduce superior service and operational efficiency into the student loan servicing industry. This principle of exceptional support in intricate financial sectors fueled Nelnet's subsequent expansion.
Nelnet serves a diverse client base, including educational institutions, government organizations, businesses, and individual consumers. The company's long-term vision centers on creating opportunities and fostering achievement for its clientele and partners. It strives to empower people to realize aspirations through accessible financial tools and technology platforms.
Nelnet has 9 tracked investments across 8 companies. The latest tracked deal is $6.0M Series A in BetterYou in December 2023.