Prodigy Finance is a globally-accessible platform that provides funding to international postgraduate students attending top-ranked universities, while delivering competitive financial and social returns to institutional and private investors (including alumni).
Since inception in 2007, Prodigy Finance has financed over $325m in loans through the platform, funding over 7,100 students, without having written off a loan. With offices in London, Cape Town and New York, Prodigy Finance is on track to double the size of its portfolio thanks to the funding round.
The new investment will allow Prodigy Finance to expand in the US market and grow its technology and business development teams.
Cameron Stevens, Prodigy Finance Founder and CEO, said: “Bringing on board a leading Venture Capital firm along with a global institutional investor is a significant achievement and shows we can scale the funding. GP Bullhound has been instrumental in helping us finding the right partners and has demonstrated strong commitment every step of the way to help us realise this opportunity.”
Guillaume Bonneton, Partner at GP Bullhound commented: “We are very proud to have advised Prodigy Finance on this landmark growth round, following the previous $123m round completed in 2015. Prodigy Finance has built an exceptional platform, leveraging technology to address the global financing demand from international students.”
This represents GP Bullhound’s 16th transaction in 2017 and another landmark FinTech transaction underlining the firm’s deep expertise in the sector, following transactions completed for clients including RatePay, Emric, Lendinvest, Slimpay, Smava, Zuto, Treasury Intelligence Solutions, PayOne, Pozitron and Payson, among others.
About GP Bullhound
GP Bullhound is a leading technology merchant bank, providing transaction advice and capital to the best entrepreneurs and founders in Europe and beyond. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris and Hong Kong. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound
About Prodigy Finance
Prodigy Finance is a lending platform that provides postgraduate loans to international students from 118 countries attending the world’s top universities, who would otherwise have no alternative access to finance. The loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive both a financial and social return. Since 2007, Prodigy Finance has provided more than US$325 million in funding to over 7,100 students, without ever having to write off a loan. Funding shouldn’t be a barrier to education.