Nelnet to Acquire Finastra’s Canadian Student Loan Servicing Business

Reuters10-23

Nelnet to Acquire Finastra's Canadian Student Loan Servicing Business

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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