8 years ago

Prodigy Finance Secures $240 Million in Funding to Expand Student Loan Access

  • Prodigy Finance, a UK-based fintech platform that provides post-graduate loans to international students, raised $240 million in equity and debt financing

  • The Series C equity round was led by Index Ventures, with participation from Balderton Capital and AlphaCode

  • The company also secured a $200 million debt facility led by a global investment bank

  • The funding will be used to expand operations and provide additional funding to students.

      • ProblemFinancial Services

      "International students from 150 countries who lack access to traditional funding sources for postgraduate studies at top 100 universities."

      Solution

      "Prodigy Finance provides a lending platform that offers postgraduate loans to international students, funded by a community of alumni, institutional investors, and qualified private investors, who receive financial and social returns."

      Covered on