Murphy Bova Client Edly Acquires Avenify

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- Edly, the nation's only student loan platform offering income-based repayment (IBR) loans in the private sector, today announced its acquisition of Avenify, a leader in student financing for nursing school. Through this purchase Edly will expand its social impact and provide more nursing students with access to the company's affordable, flexible and secure education financing solution. The company also announced that it is growing its executive leadership team, naming Rob Caskey as chief operating officer. These latest steps in Edly's rapid growth come at a critical moment for US student borrowing, as the federal student loan repayment moratorium is set to expire on May 1, 2022, and the nation faces a critical shortfall of more than 1.1 million nurses[i] on the front line of America's health care system.

Murphy Bova Client Monit Closes $5.2 Million Equity Financing

BOSTON — Apr. 15, 2021 — Monit, the award-winning mobile financial platform for small businesses, announced that it has closed a $5.2 million round of pre-Series A financing led by well-known fintech fund TTV Capital. Runway Venture Partners, Correlation Ventures, and private investors William Ruh and Joe Proto also participated in the round. Monit will use the investment to expand and meet the high demand for its bank-focused services, to banks ranging from small community banks to top ten multinational banks. Monit will also add significant fintech expertise to its board of directors with this round. Mark Johnson, TTV Capital General Partner, Anna Garcia, General Partner at Runway Venture Partners, and William Ruh, board member at nCino, will join the Monit board.