News Desk | Prodigy Finance, a fintech firm offering cross-border loans to postgraduate worldwide college students, has struck a significant funding cope with CPP Investments.
Beneath this, it should fund as much as $500 million to deserving college students by means of its wholly-owned subsidiary, CPPIB Credit Investments Inc. The deal will allow Prodigy Finance to satisfy the rising demand for worldwide scholar loans, which is mirrored in the truth that the functions coming to the corporate have grown by 50 per cent year-on-year.
Prodigy Finance final yr secured $250 million from the US growth financial institution, US Worldwide Growth Finance Company. It companions with the personal sector to deal with crucial challenges going through the growing world. These DFC funds will probably be used to supply loans to postgraduate college students with a major give attention to low-income and low-middle-income international locations.
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