Fintech startup Leap Finance raises $5.5M led by Sequoia India
Автор: Horses Stable
Загружено: 2020-03-04
Просмотров: 122
Описание:
San Francisco and Bengaluru-based fintech startup Leap Finance raised $5.5 million in a round led by Sequoia India. It offers education loans to students based on the students’ future income. According to the startup, its engine takes into account several alternatives and derived data points to predict future income potential.
Leap Finance has innovated on multiple dimensions - technology, financial structuring, and risk - to bring down the interest rate and improve customer experience. The fintech startup claims to offer loans to students who are starting graduate studies in the US in the upcoming fall season (2020), at interest rates starting as low as 8 percent. Its loans offer full study cost coverage and require no collateral.
#Entrepreneurs #Startups #Business #News
#Bengaluru #Fintech #Fundraising #Sequoia #India #CEO #Founder
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