Overview of Transaction

• On November 17, 2015, Earnest announced a minority $75mm Series B equity financing round
• The round was led by Battery Ventures with participation from Adams Street Partners and existing investors, including Maveron
• Earnest plans on using the equity financing to continue building out current technology, data and engineering teams
• In conjunction with the equity raise, Earnest also announced an additional $200mm of institutional lending capital from New York Life and others
• Additional lending capital will enable Earnest to introduce new products, tools and resources in the near-term as the Company is planning expansion into additional consumer finance verticals
• Earnest is a leading technology-enabled alternative lending company that is intent on disrupting consumer lending; the Company utilizes superior technology to provide lending and refinancing solutions to consumers at better rates than traditional lenders

Significance of Transaction

• This transaction capitalizes on Earnest's strong growth and traction to further establish the Company as a leading technology-enabled alternative lender
• Firmly positions the Company to expand its products and services and continue to disrupt the consumer lending space

FT Partners' Role

• FT Partners served as exclusive advisor to Earnest and the Board in this monumental transaction
• Transaction demonstrates FT Partners' continued success advising on large financings for leading, world class financial technology companies while also building on the Firm's deep domain expertise in the Alternative Lending space