Nelnet, Inc., through its subsidiary Nelnet Canada, Inc., has reached an agreement with DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited, to acquire Finastra's Canadian student loan servicing business. This business is recognized as the leading provider of student loan servicing solutions to governments and financial institutions in Canada, currently servicing loans for 2.4 million borrowers on proprietary technology platforms. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions. Nelnet will maintain independent operations in Canada, with the existing team led by Susan Tersigni and headquartered in Mississauga, Ontario.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nelnet Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA04244) on October 23, 2025, and is solely responsible for the information contained therein.