Quotanda

lendingonline loansother lending

FOUNDING YEAR: 2013
LOCATION: Mexico
Last Update: 08/09/2020

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About

Quotanda is a lending as a service (LaaS) platform that provides a suite of student loan services. Its technology enables organizations (lenders, schools, foundations and governments) to quickly launch and efficiently manage affordable education financing programs (loans and scholarships) in any country and currency without the need to hire additional resources.

MEDICI Analysis

Quotanda offers a lending as a service platform that helps lenders, schools, institutions, foundations, and communities to launch their own student loan program. Quotanda’s technology platform provides students with affordable financing options, schools with immediate cash flow and investors with strong returns. Quotanda's financing capabilities range from traditional loan programs to retail installment contracts / extended payment plans.The company aims to democratize access to education by improving financing options. Recently, the company was selected by VC Fintech accelerator program 2017.

Focus

PRODUCTS & SERVICES

Cloud-based and mobile enabled lending as a service platform for student loans. Lending as a service platform: The company offers lenders and educational groups with a full suite of student loan product which includes loan origination software, underwriting, credit reporting and white label services.

REVENUE MODEL

Set-up fees, licensing fees, loan origination and loan servicing fees (per loan per month).

MAIN CLIENTS

Educational groups

Financial institutions

Banks and Government agencies. Some of the clients Ironhack

IESE Business School

PRIMARY PROBLEM SOLVED

The company solves education loan problem for international students.

COMMENT

Quotanda's platform enables banks to quickly introduce affordable education loan programs in any country and currency.

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

Global tuition spend is $6.2T and growing at 10% per year. Mobile penetration exceeds 60% globally, but less than 1% of loan applications are mobile-enabled.

NUMBER OF TRANSACTIONS:

820 K

TRANSACTIONS VALUE:

115 K

TRANSACTIONS COMMENT:

Quotanda just launched two additional new loan programs in Mexico, the first with a financial institution and the second with a university.

ACTIVE USERS:

104

ACTIVE USERS COMMENT:

Quotanda has two live loan programs that have originated $820,000 in loans to students from 17 countries, with no defaults. They just launched two more loan programs. The team brings extensive finance and student lending experience, having originated $4.5 Billion in U.S. student loans with delinquency rates <1% and a successful exit.

TRACTION COMMENT:

Quotanda’s student loans (approximately 35 loans with $500,000) are financed by accredited investors, including Andres Moreno and other Open English executives, as well as professors and alumni of IESE. (Oct 2014).

People

FOUNDERS

Grant Taylor

Lino Pujol-Soliano Regueiro

BOARD MEMBERS AND ADVISORS

Thomas Wenrich

Carlos Hernandez

Enrique Prieto

Mauricio Benavides Berrondo

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Access Ventures

Beta-i

EASME - EU Executive Agency for SMEs

Fenway Summer Ventures

Parallel 18

The Ark Fund

Venture Hive

VilCap Investments

Village Capital

KEY EMPLOYEES:

Grant Taylor (CEO); Lino Pujol-Soliano Regueiro (COO)

Momentum

FUNDED

NO

TOTAL FUNDING

$350 K

DATE OF LAST FUNDING

Apr 2020

SEED & PRIOR FUNDING

$350 K

SEED CLOSED ON

Jul 2017

PRIZE MONEY

$55.83 K

LISTED

NO

Innovation Programs

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Quotanda

About

Quotanda is a lending as a service (LaaS) platform that provides a suite of student loan services. Its technology enables organizations (lenders, schools, foundations and governments) to quickly launch and efficiently manage affordable education financing programs (loans and scholarships) in any country and currency without the need to hire additional resources.

Focus

PRODUCTS & SERVICES

Quotanda is a lending-as-a-service (LaaS) platform that enables financial institutions and schools to efficiently launch and manage white-label, mobile-enabled student financing programs (loans and scholarships) to make education more affordable. Quotanda offers a comprehensive white-label solution for its partners including: customized, mobile-enabled loan origination, automated credit decisions, extended loan servicing, and default management.

REVENUE MODEL

Set-up fees, licensing fees, loan origination and loan servicing fees (per loan per month).

TOP PROBLEM SOLVED

Customer acquisition of millennial clients.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Quotanda sells a comprehensive white-label solution to financial institutions and schools including: customized, mobile-enabled loan origination, automated credit decisions, extended loan servicing, and default management. Quotanda recently added automated scholarship applications to it's product portfolio. Quotanda is live in Spain and Mexico, where it just launched it's third school financing program and it's first loan program for a financial institution.

KEY DIFFERENTIATORS

Quotanda is the world's first multi-lingual, multi-currency student Lending as a Service (LaaS) platform.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

White label

Back Office

STRATEGIC CLIENTS AND PARTNERSHIP

Talento en March : Client

Ironhack : Client

IESE Business School : Client

Universidad Cuauhtemoc : Client

Traction

ANNUAL REVENUE:

$0 - $99k

REVENUE COMMENT:

Global tuition spend is $6.2T and growing at 10% per year. Mobile penetration exceeds 60% globally, but less than 1% of loan applications are mobile-enabled.

NUMBER OF TRANSACTIONS:

820 K

TRANSACTIONS VALUE:

115 K

TRANSACTIONS COMMENT:

Quotanda just launched two additional new loan programs in Mexico, the first with a financial institution and the second with a university.

ACTIVE USERS/ACCOUNTS:

104 Million

ACTIVE USERS COMMENT:

Quotanda has two live loan programs that have originated $820,000 in loans to students from 17 countries, with no defaults. They just launched two more loan programs. The team brings extensive finance and student lending experience, having originated $4.5 Billion in U.S. student loans with delinquency rates <1% and a successful exit.

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Launching new loan programs for financial institutions, universities, foundations and governments

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

4

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Grant Taylor is an American with a fund management (fund of hedge funds,venture capital),consulting background, a B.A. from Colgate University,an MBA from IESE Business School. Lino Pujol is a Spanish Engineer that previously worked at CocaCola,Iberdrola. These co-founders have been working together for 4 years,have proven their ability to operate successful student financing programs. They have built a talented technical team around them with decades of related experience. Their investors,advisors include industry professionals responsible for $4.5B in loans as well as serial entrepreneurs, professors from IESE Business School,online education professionals.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Series A
Jul 2017
USD400 K
at a USD4 Mvaluation
Comment on Series A
Quotanda was the 2015 Village Capital FinTech US winner and received investment from VilCap Investments, Fenway Summer Ventures and Access Ventures in addition to the Venture Center (empowered by FIS) and angel investors in the US, Mexico and Spain.

Comment on Valuation

Convertible note