This firm’s lending platform has facilitated loans totalling more than $325m for 7,100 students from 118 countries, helping them fund postgraduate studies at the likes of Imperial, INSEAD and Harvard. Its credit model assesses loan applications based on variables such as projected earnings, rather than historic credit rating, helping students pay for courses they may not otherwise be able to afford. It funds the loans through a community of university alumni, and private and institutional investors. The London firm was founded in 2007 by chief executive Cameron Stevens, 39, and sales – which represent loan origination and servicing fees – of £5.5m in 2016 are set to rise to £13m this year. In August, Index Ventures led a $40m investment to drive expansion in the US.
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