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Prodigy Finance

$240m investment from

Index Ventures & Global investment bank

September 2017

 

About the Client

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.
 

About the deal

GP Bullhound acted as financial adviser to Prodigy Finance, the pioneer borderless credit platform, on a $240m raise composed of $40m in equity, led by Index Ventures, and $200m debt financing from a global investment bank. The new investment will allow Prodigy Finance to expand in the US market and grow its technology and business development teams.
 

Quotes

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.”