Educational loans provider Avanse raises Rs.357-Cr in securitisation deal

Avanse Financial Services, an education loan provider in the non-bank space, has raised INR 357 crore by way of a securitisation deal. A global financial institution invested in the transaction. The long-term funding is for a tenure of 10 years. This funding is likely to support Avanse's business growth in the education financing space. The transaction was facilitated by Northern Arc Capital.