About 25% of our students are funded by Prodigy Finance loans and they come from all over the world, many from countries where it would be difficult to get a bank loan or other forms of financing. US fintech start-up Prodigy Finance has raised $240m to fund loans to students from emerging markets. The fundraise included a $40m series C equity round led by US ’s Prodigy Finance , with participation from AlphaCode , an accelerator in Africa , Balderton Capital and a $240m 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 Africa . Prodigy assesses applicants on their projected earnings not their credit history, potentially opening up education to a wider pool of students. It also has a globally enforceable credit system for repayments.
US fintech start-up Prodigy Finance has raised $240m to fund loans to students from emerging markets. The fundraise included a $40m series C equity round led by US ’s Prodigy Finance , with participation from AlphaCode , an accelerator in Africa , Balderton Capital and a $240m 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 Africa . Prodigy assesses applicants on their projected earnings not their credit history, potentially opening up education to a wider pool of students. It also has a globally enforceable credit system for repayments.