Prodigy Finance sets up $350 mn facility
To date, Prodigy has funded over $1.8 billion in postgraduate education loans to more than 35,000 high-potential students from over 100 different countries.
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LONDON: Prodigy Finance, a social impact-driven FinTech and an international student loan lender, has announced a $350 million facility with Citi, Schroders Capital and SCIO Capital.
This is the first transaction that Prodigy has closed under their new multi-issuance special purpose vehicle structure.
The joint initiative between Prodigy Finance and their funding partners represents a significant commitment to providing accessible financial support to aspiring masters students from around the world.
To date, Prodigy has funded over $1.8 billion in postgraduate education loans to more than 35,000 high-potential students from over 100 different countries.
By offering competitive interest rates and flexible repayment options, it aims to make pursuing a masters degree in over 5,000 course more financially viable for deserving students.