StudentFinance.com, a Madrid, Spain-based fintech company building the technology and data infrastructure to enable education providers globally to offer Income Share Agreements (ISAs), secured $5.3m (€4.5m) in seed funding.
The round was co-led by Giant Ventures and Armilar Venture Partners with participation from existing investors Mustard Seed Maze and Seedcamp, Sabadell Venture Capital, Victoria van Lennep (founder of Lendable); Martin Villig (founder of Bolt); Ed Vaizey (the UK’s longest-serving Culture & Digital Economy Minister); Firestartr (UK-based early-stage VC); Serge Chiaramonte (UK fintech investor); and more.
The company intends to use the funds to expand its operation into the UK later this year and to triple the size of its team, hiring specialists in product, data, engineering and design, as well as operations, HR, finance and legal.
Financing for students startup StudentFinance raises $5.3M seed from Giant and Armilar
Fintech startup StudentFinance which allows educational institutions to offer success-based financing for students has raised a $5.3 million (€4.5 million) seed round co-led by Giant Ventures and Armilar Venture Partners. It’s now raised $6.6 million total, to date.
StudentFinance launched in Spain first, followed by Germany and Finland, with the U.K. planned this year. Existing investors Mustard Seed Maze and Seedcamp, along with Sabadell Venture Capital, also participated.
The startup, which launched at the beginning of 2020, provides the tech back end for institutions to offer flexible payment plans in the form of ISAs (income-share agreements). It also provides data intelligence on the employment market to predict job demand.