Prodigy Finance Selected as “Best Overall Peer-to-Peer Lending Platform” by FinTech Breakthrough

Prodigy Finance, a global lending platform that provides postgraduate loans to international students, is pleased to announce that it has been selected as the winner of the “Best Overall Peer-to-Peer Lending Platform” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies, and products in the FinTech market today. The 2018 FinTech Breakthrough Award program attracted more than 3,000 nominations from across the globe.

“We’re honored to be recognized by FinTech Breakthrough for this award,” said Cameron Stevens, CEO and Founder of Prodigy Finance. “We’ve made it our mission to create opportunities for international postgraduate students trying to finance their education, as there are limited options provided by traditional financiers. I experienced this funding gap first-hand when I was an MBA student at INSEAD. When we started Prodigy Finance in 2007, the natural first step was to engage alumni at the top schools to help fund students from their alma mater or home country in order to create an international peer-to-peer lending platform that not only provided a financial return for our investors, but a social return, too, for future talent.”

This award is the latest in a series of international accolades for Prodigy Finance. In August, Wealth and Finance International named the company the ‘Best Online Student-Lending Platform’ in its 2017 FinTech Awards. In September, The Sunday Times also selected Prodigy Finance among fifteen other fintech companies as ‘One to Watch’ on the Hiscox Tech Track 100.

In the last ten years, Prodigy Finance has funded more than US $505 million in loans, to over 10,300 students, from 127 countries, around the world. In August 2017, the company announced a $240 million fundraise that allowed the company to provide loans to more international students by adding further business, engineering, law and public policy courses and new universities to the platform. The announcement included a $40 million Series C equity round led by international venture capital firm Index Ventures, with participation from Balderton Capital and AlphaCode and a $200 million debt facility led by a global investment bank.