The Series C fundraising included $40 million in equity and a $200 million debt facility; the platform provides post-graduate loans to international students; it plans to use the funding to expand globally and offer more loans. Source
Climb Credit is taking a different approach to lending to college students, taking into consideration the ROI on a degree;...
CommonBond, best known as a leading provider of online student loans, has made its second acquisition, NextGenVest, an artificial intelligence...
[Editor’s Note: This is a guest post from Nathan Treadwell, VP of Business Development at Nomad Credit. Nomad Credit is...
Harrison Hochman and Devin Cintron recently launched a pilot of an online loan marketplace that is called Sparrow Lending; Sparrow...
The platform announced their latest securitization which is a $233.75 million deal; provisional ratings of AAA were given by both Moody’s and DBRS; this is CommonBond’s sixth transaction and they have now securitized a total of $1.22 billion in loans. Source
Income Share Agreements (ISAs) are slowly growing in popularity as an alternative to traditional student loans; a new company called...
The New York Fed's most recent Household Debt and Credit Report shows credit levels reaching new highs; total consumer debt for Q2 2017 was $12.8 trillion and student loan debt reached $1.3 trillion; Forbes highlights an increasingly upward trend in student lending which it says is being supported by federal government loans. Source
The CEO and Co-Founder of MPOWER Financing, Manu Smadja, discusses the unique challenges underwriting international students and why their is so much demand for their loans.
Nomad Credit provides their perspective on the large international student lending industry. Source