← Embedded Finance Index 2026

Prodigy Finance

“Can a future-earnings-based lending model unlock scalable, low-default international student finance for the growing population of globally mobile postgraduate students?”

Founded2007
HQLondon, United Kingdom
FoundersCameron Stevens
Total raised$240M+ equity and debt (as of 2017 public disclosures)
Latest roundSeries C, 2017
IndustryFintech / Lending
The story

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.

Last 12 months
2023-07
Product timeline
2007
Founded in London by Cameron Stevens and INSEAD MBA graduates to provide cross-border student loans to international postgraduate students.· lending
2017
Raised $240M (including $200M debt facility led by unnamed global investment bank and $40M Series C equity) to scale international student loan platform.· lending
2023
Established a $350M facility with Citi, Schroders Capital, and SCIO Capital under a new multi-issuance special purpose vehicle structure; cumulative disbursements exceeded $1.8B to 35,000+ students.· lending
Regulated entities
1
regulatory licence held by Prodigy Finance
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Prodigy Finance’s embedded-finance stack
Lending
International postgraduate student loans (no co-signer, no collateral)Masters degree loans (US, UK, Europe)Student loan refinancing
Accounting gap: none