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Credible Raises $10 Million

Credible, a marketplace for student loans, has raised $10 million in a Series A round of funding led by Soul Htite, founder and CEO of Dianrong.com and co-founder of LendingClub, with participation from Prosper president Ron Suber and Scott Langmack. The company generates revenue by taking a transaction fee from the lender once a credit line is actually accepted by the borrower.

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