About Prodigy Finance
Prodigy Finance is a company based in London (United Kingdom) founded in 2007 by David Stevens.. Prodigy Finance has raised $160.74 million across 13 funding rounds from investors including Goldman Sachs, Deutsche Bank and Citi. Prodigy Finance offers products and services including Student Loans, Co-signer Loans, and Loan Calculator. Prodigy Finance operates in a competitive market with competitors including PYT Funds, Lendwise, WeMakeScholars, StudentFunder and EdAid, among others.
- Headquarter London, United Kingdom
- Founders David Stevens
- Stage Minicorn
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Sectors
Financial ServicesEducation
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Prodigy Finance Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$160.74 M (USD)
in 13 rounds
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Latest Funding Round
$310 M (USD), Debt – Conventional
Nov 07, 2024
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Investors
Goldman Sachs
& 13 more
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Employee Count
Employee Count
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Products & Services of Prodigy Finance
Prodigy Finance offers a comprehensive portfolio of products and services, including Student Loans, Co-signer Loans, and Loan Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loans for international masters students without collateral requirements.
Provides loan options with co-signers for eligible students worldwide.
Tool to estimate loan eligibility and repayment amounts quickly.
Unlock access to complete
Funding Insights of Prodigy Finance
Prodigy Finance has successfully raised a total of $160.74M across 13 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $310 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Debt – Conventional — $310.0M
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First Round
First Round
(25 Dec 2014)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - Prodigy Finance | Valuation |
investors |
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| Jun, 2023 | Amount | Debt – Conventional - Prodigy Finance | Valuation |
investors |
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| Sep, 2021 | Amount | Debt – Conventional - Prodigy Finance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prodigy Finance
Prodigy Finance has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Deutsche Bank and Citi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency supporting the development of SMEs
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prodigy Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prodigy Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prodigy Finance Comparisons
Competitors of Prodigy Finance
Prodigy Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PYT Funds, Lendwise, WeMakeScholars, StudentFunder and EdAid, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
College education is financed via donation-based crowdfunding and lending.
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| domain | founded_year | HQ Location |
Online P2P lending platform
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| domain | founded_year | HQ Location |
Education finance for students is discovered via an online platform.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer platform for education loans to support student funding.
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| domain | founded_year | HQ Location |
Interest-free student loans are facilitated through an online marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prodigy Finance
Frequently Asked Questions about Prodigy Finance
When was Prodigy Finance founded?
Prodigy Finance was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is Prodigy Finance located?
Prodigy Finance is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Prodigy Finance a funded company?
Prodigy Finance is a funded company, having raised a total of $160.74M across 13 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $750M, raised on Dec 25, 2014.
What does Prodigy Finance do?
Prodigy Finance provides loans to international students who enroll in business schools. The loans are funded by institutional investors, alumni and qualified private investors. The coupon repayments are made quarterly after a grace period of 6 to 9 months. Since 2007, Prodigy Finance has disbursed in excess of 86M to over 2059 students from 92 nationalities, with a 99.1 repayment rate. Prodigy Finance considers itself a social enterprise. 75 of its student borrowers come from developing world countries and 34 hail from BRIC nations alone. In August 2015 company raised 12.5M in equity funding and 87.5M in debt funding from Balderton Capital and Credit Suisse respectively.
Who are the top competitors of Prodigy Finance?
Prodigy Finance's top competitors include Lendwise, PYT Funds and WeMakeScholars.
What products or services does Prodigy Finance offer?
Prodigy Finance offers Student Loans, Co-signer Loans, and Loan Calculator.
Who are Prodigy Finance's investors?
Prodigy Finance has 14 investors. Key investors include Goldman Sachs, Deutsche Bank, Citi, Credit Suisse, and Sumitomo Mitsui Banking Corporation.
What is Prodigy Finance's valuation?
The valuation of Prodigy Finance is $370.31M as of Dec 2020.