Prodigy Finance

lendingeducation loans

FOUNDING YEAR: 2007
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Funding shouldn't be a barrier to education.Prodigy Finance was started by three INSEAD MBA graduates who experienced the difficulties of financing an international degree first-hand. In 2007, we decided to solve this problem and revolutionise the market.We offer funding to international postgraduate students attending top universities. Without the need for a cosigner, collateral or guarantor. Our loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive both a financial and social return by helping aspiring students achieve their goals.Almost 80% of our borrowers said they had no other way of financing their studies, so we like to think that we're helping educate the world.To learn more, please visit us at http://prodigyfinance.com/Risk Warning: Investing is restricted to high net worth and sophisticated investors who understand the risks, including potential loss of capital and difficulty to sell. Capital at risk. You can view the full risk warning at http://bit.ly/prodigyfinance_riskwarning.PSL30012017_LI_CAT4

MEDICI Analysis

Prodigy Finance is an alternative student loans provider that offers loans to students willing to pursue management courses. It assess the credit worthiness and future earning potential of the applicant and is backed by a community of investors who are willing to lend for investment purpose.

Focus

PRODUCTS & SERVICES

The alternative lending platform offers MBA loansin over 150 countries for top colleges that are ranked in top 100 business schools around the world.

People

FOUNDERS

Cameron Stevens

Ryan Steele

NUMBER OF EMPLOYEES

51-200

INVESTORS:

AlphaCode

Balderton Capital

Credit Suisse

Deutsche Bank

Ed Wray

Goldman Sachs

Index Ventures

M&G Investments

Sumitomo Mitsui Banking Corporation

KEY EMPLOYEES:

Alastair Hops (CFO)

Pierre Decote (CRO)

Cameron Stevens (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$52.5 M

DATE OF LAST FUNDING

Sep 2018

TOTAL FUNDING COMMENT

The company will use the latest funds to get more internationals into top-tier business schools in the US. (Sep. 2018)

FUNDING SERIES

SERIES C  · $40 M  · Aug 2017

OTHERS  · $12.5 M · Aug 2015

DEBT FUNDING

$1.28 B

LISTED

NO

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