UK fintech start - up Prodigy Finance has raised $ 240 m to fund loans to students from emerging markets . The fundraise included a $ 40 m series C equity round led by London ’s Index Ventures , with participation from AlphaCode , an accelerator in Africa , Balderton Ventures and a $ 200 m debt facility led by an unnamed global investment bank . The company provides loans to international students so they can study at business schools in the US , UK and Europe . Prodigy tests applicants on their projected earnings not their credit history , potentially opening up education to a wider range of students . The company provides loans to international students from emerging markets, enabling them to study at business schools in the US, the UK and Europe. It also has a globally enforceable loan policy for students .
UK fintech start - up Prodigy Finance has raised $ 240 m to fund loans to students from emerging markets . The fundraise included a $ 40 m series C equity round led by London ’s Index Ventures , with participation from AlphaCode , an accelerator in Africa , Balderton Ventures and a $ 200 m debt facility led by an unnamed global investment bank . The company provides loans to international students so they can study at business schools in the US , UK and Europe . Prodigy tests applicants on their projected earnings not their credit history , potentially opening up education to a wider range of students . It also has a globally enforceable loan policy for students .