Debt financing
Lender for overseas education Leap Finance raises $100-M from HSBC
Bengaluru-based Leap Finance has secured a USD 100 million debt facility from HSBC under its ASEAN Growth Fund to expand its US operations and partnerships. The firm plans to use the fresh funds to deepen its presence in India, expand presence across the USA, and increase its university partnerships. At present, it offers its services in over 10 countries.Leap Finance - the student lending arm of Leap, a study abroad platform - has funded over 5,000 students with USD 250 million in education loans.Leap had raised USD 65 million in a Series E round earlier this year in a mix of primary and secondary sales led by UK-based Apis Partners. It also saw participation from existing investors Owl Ventures, Jungle Ventures, and Peak XV Partners.
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