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Prodigy Finance, a fintech company which focuses on cross-border lending for postgraduate international students has secured a funding deal from CPP Investments. It will see the institutional investor provide up to $500 million.
The latest investment comes on top of a $250m facility Prodigy Finance agreed last year with America’s development bank, the U.S. International Development Finance Corporation (DFC).
The company was founded with the idea that there should not be a barrier to education.
“We are pleased to have secured this substantial infusion of funds. We are confident that this funding will prove instrumental in transforming the future of numerous deserving students across the Indian-subcontinent who otherwise would never have been able to follow their dreams of studying in a top foreign university,” Mayank Sharma, Country Head, Prodigy Finance India, said.