Leap Finance raises $100 million in debt funding from HSBC

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Leap Finance, the student lending arm of study abroad platform Leap, has secured $100 million in debt funding from London-headquartered bank HSBC through its Asean Growth Fund.

The funds will be used to extend services to more US states, expand partnerships with universities, and strengthen the company’s presence in India.

“This fundraising is a debt-raise to help us finance more students going to the US for international study.The average ticket size is about $50,000, so we’ll be able to support over 2,000 students through this facility,”…



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Leap Finance raises $100 million in debt funding from HSBC


Leap Finance, the student lending arm of study abroad platform Leap, has secured $100 million in debt funding from London-headquartered bank HSBC through its Asean Growth Fund.

The funds will be used to extend services to more US states, expand partnerships with universities, and strengthen the company’s presence in India.

“This fundraising is a debt-raise to help us finance more students going to the US for international study.The average ticket size is about $50,000, so we’ll be able to support over 2,000 students through this facility,”…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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