Future Finance

lendingonline loans

FOUNDING YEAR: 2013
LOCATION: Ireland
Last Update: 17/07/2020

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About

We are Future Finance. The next generation of student lending.We believe in helping students to unlock their potential and we do this by offering private loans based on where people heading, not where they've been. We want to help students focus on what matters. Therefore, our aim is to ensure everyone has the freedom to focus on their studies, or kickstart their career - whatever their financial background may be. Founded in 2014, we are Dublin-based student loan specialists. We were founded by a group of ambitious entrepreneurs with experience building consumer finance companies all over the world. We were the UKs first dedicated private student loan provider and were proud to be backing the next generation of professionals, from nurses to neuroscientists, biologists to business leaders, and everything in between.

MEDICI Analysis

Future Finance offers student loans to undergraduate and postgraduate students in the UK within a range of £2,500 to £40,000 per academic year. It offers education loans to cover their living expenses and tution fees. It claims to look at factors like the course and university the student is attending and future career and income potential in order to arrive at credit decision. Future Finance works closely with universities to provide responsible financial support for their students.

Focus

PRODUCTS & SERVICES

Student loan platform for higher education in Europe.

REVENUE MODEL

The company generate revenue from interest rate fees.

MAIN CLIENTS

Students

company provided insights

Traction

TRACTION COMMENT:

Future Finance has received 37,000 loan applications from students till date, and loan growth is 900% year-on-year (March 2016).

Momentum

FUNDED

YES

TOTAL FUNDING

$133.22 M

DATE OF LAST FUNDING

Jul 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund to support Future Finance’s effort to scale and hire top talent in London, Dublin, and Chicago (March 2017).

FUNDING SERIES

SERIES A  · $28.7 M  · Mar 2014

SERIES B  · $29.18 M  · Mar 2016

SERIES C  · $49.57 M  · Mar 2018

SERIES D  · $25.77 M  · Jul 2019

DEBT FUNDING

$133.83 M

LISTED

NO

COMMENT

Debt Financing: $209.23 M(March 2016)

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