Indian students-focused Startup 'Leap Finance' eyes to raise $100 million Fund
Leap Finance, a fintech platform for Indian students pursuing higher education abroad, is in talks to raise approximately $70–100 million in a new round.
After being in the Series D round for more than two years, the business is looking for new funding. One of the sources, who requested anonymity because discussions are confidential, stated, “Leap has been doing well for the past two years, which attracted interest from several investors, including internals.” “The company is discussing raising up to $100 million in the Series E round with at least three new investors.”
Leap is probably going to turn into a unicorn with this round, said sources. San Francisco-consolidated Leap last brought $75 million up in its Series D round drove by Owl Ventures with cooperation from Steadview, Paramark Ventures, Jungle Ventures and Peak XV in June 2022 in a valuation scope of $850-900 million.
Due to the fact that the company’s parent entity is not registered in India, its precise valuation, shareholding, and revenue could not be determined. Another unnamed source stated, “The terms of the deal are currently being negotiated with two of the three new investors, and Leap would finalize lead for the new round in a few weeks.” “It’s looking for $1 to 1.2 billion valuations in the Series E.”
Since its Series D round, Leap’s growth has reportedly multiplied, according to sources. Students who want to attend universities in other countries can apply for educational loans through this company. It provides IELTS, TOEFL, and SAT test preparation apps, admissions and visa counseling, and financial services through Yocket, LeapFinance, and LeapScholar. It likewise helps with global financial balances, charge cards, and cash settlement.
According to the aforementioned source, “The new round will be a mix of primary and secondary capital, and some early investors, including angels, may take partial or full exit from the company.” Jump has declined to offer remark on the story. Questions shipped off Owl Ventures with cooperation from Steadview, Paramark Ventures, Jungle Ventures and Peak XV got no reaction until distribution of the story. The five-year-old firm has raised $175 million until Series D round and claims to have supported in excess of 3,000 understudies starting around 2021. The United States, Canada, the United Kingdom, and Australia are the primary focus.
Overseas education-focused finance platforms have monopolized decent funding while edtech startups have struggled to raise funds in recent years. According to information accumulated by TheKredible, Incred, a noticeable player in the abroad instructive credit space, revealed that such advances represented 21% of its complete disbursal in FY24.
Bhupinder Singh, the founder of InCred, claims that the rapid expansion of its [overseas educational loan] business has been aided by the market’s growing prospects and rising awareness.
After being in the Series D round for more than two years, the business is looking for new funding. One of the sources, who requested anonymity because discussions are confidential, stated, “Leap has been doing well for the past two years, which attracted interest from several investors, including internals.” “The company is discussing raising up to $100 million in the Series E round with at least three new investors.”
Leap is probably going to turn into a unicorn with this round, said sources. San Francisco-consolidated Leap last brought $75 million up in its Series D round drove by Owl Ventures with cooperation from Steadview, Paramark Ventures, Jungle Ventures and Peak XV in June 2022 in a valuation scope of $850-900 million.
Due to the fact that the company’s parent entity is not registered in India, its precise valuation, shareholding, and revenue could not be determined. Another unnamed source stated, “The terms of the deal are currently being negotiated with two of the three new investors, and Leap would finalize lead for the new round in a few weeks.” “It’s looking for $1 to 1.2 billion valuations in the Series E.”
Since its Series D round, Leap’s growth has reportedly multiplied, according to sources. Students who want to attend universities in other countries can apply for educational loans through this company. It provides IELTS, TOEFL, and SAT test preparation apps, admissions and visa counseling, and financial services through Yocket, LeapFinance, and LeapScholar. It likewise helps with global financial balances, charge cards, and cash settlement.
According to the aforementioned source, “The new round will be a mix of primary and secondary capital, and some early investors, including angels, may take partial or full exit from the company.” Jump has declined to offer remark on the story. Questions shipped off Owl Ventures with cooperation from Steadview, Paramark Ventures, Jungle Ventures and Peak XV got no reaction until distribution of the story. The five-year-old firm has raised $175 million until Series D round and claims to have supported in excess of 3,000 understudies starting around 2021. The United States, Canada, the United Kingdom, and Australia are the primary focus.
Overseas education-focused finance platforms have monopolized decent funding while edtech startups have struggled to raise funds in recent years. According to information accumulated by TheKredible, Incred, a noticeable player in the abroad instructive credit space, revealed that such advances represented 21% of its complete disbursal in FY24.
Bhupinder Singh, the founder of InCred, claims that the rapid expansion of its [overseas educational loan] business has been aided by the market’s growing prospects and rising awareness.
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