“Can a future-earnings-based lending model unlock scalable, low-default international student finance for the growing population of globally mobile postgraduate students?”
Founded in 2007 by INSEAD MBA graduates who experienced first-hand the difficulty of financing international postgraduate education, Prodigy Finance pioneered a 'future earnings collateral' model that assesses borrowers on their earning potential rather than local credit history. The company scaled from a small alumni-funded pool to a sophisticated fintech platform sourcing capital from institutional investors including Citi, Schroders Capital, and SCIO Capital via SPV structures. It has remained laser-focused on cross-border student lending, disbursing over $1.8B to 47,000+ students from 150 nationalities across 400+ schools globally.
Prodigy Finance was founded by Cameron Stevens and is founded in 2007, headquartered in London, United Kingdom.
Prodigy Finance has raised $240M+ equity and debt (as of 2017 public disclosures) in total (latest round: Series C, 2017).
Get a read on where your own stack stands against Prodigy Finance and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.