Bengaluru
Prodigy Finance, a prominent global education finance company, has announced a new funding round worth up to $310 million in partnership with the U.S. International Development Finance Corporation (DFC). This is the second time Prodigy Finance and DFC have collaborated, underscoring their commitment to making higher education accessible.
The funding prioritizes social impact, requiring at least 30% of the financing for women and 50% for students from low- and lower-middle-income countries. Prodigy Finance’s CFO, Neha Sethi, highlights the partnership’s focus on creating lasting change in global postgraduate education, empowering students to become future leaders.
According to Prodigy’s 2022 Impact Report, 91% of students said their Prodigy loan helped them achieve their career goals, 83% reported improved personal success, and many saw their income double or even quadruple.
With over $2.3 billion in loans provided to 43,000 students from more than 150 countries, Prodigy Finance is committed to removing financial barriers for talented students and is excited to collaborate with mission-driven investors to continue this impact.
