Leap Finance Raises $55M In Series C Funding Round
Leap Finance, a fintech startup enabling students to study overseas through financial and career assistance, has raised $55 million in a Series C round of funding led by Owl Ventures.
Harvard Management Company, along with returning investors Jungle Ventures and Sequoia Capital India, also participated in the funding round.
As per Leap Finance, it will utilise the raised funds to extend its services to students across SE Asia and MENA regions. Additionally, the fintech startup plans to broaden its product portfolio to offer international student credit card and insurance products.
Leap Finance | International Education Loans
Founded by Vaibhav Singh and Arnav Kumar in 2019, Leap Finance creates modern financial products and services that help Indian students pursue a global career. Arnav Kumar stated that the startup is building products at the intersection of fintech and edtech for global education.
Some of the services provided by the fintech startup include student loans, professional admissions counselling, international test preparation, international student bank accounts, foreign currency remittance, and international career guidance.
Speaking on the development, Vaibhav Singh, Co-founder of Leap Finance, said,
“We have seen an unprecedented demand from students to move abroad this year as international borders open post-Covid. Our community-led approach coupled with a comprehensive product suite for all international student needs is truly differentiated. Not surprisingly, we have seen explosive growth.”
According to the startup, it has a million-member community of international study aspirants in South Asia. The fintech startup has helped over 60,000 students in their study abroad journey over the last 18 months.
Additionally, Vaibhav is confident about the growth of the startup. He stated that million-plus students are expected to move abroad from this region in the next 12 months, giving them a larger market opportunity.
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