StageSeries D | Alive
Last Raised$75M | 1 yr ago
About Leap Finance
Leap Finance provides international education loans through an online platform for high-potential students from India. The company was founded in 2019 and is based in Bengaluru, India.
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Leap Finance's Products & Differentiators
International education loan
With the best financial structuring and advanced technology to support you, our loans are for ambitious Indians students pursuing international graduate education
Expert Collections containing Leap Finance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Leap Finance is included in 2 Expert Collections, including Fintech.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Latest Leap Finance News
Jun 22, 2022
By ADVERTISEMENT Leap, an overseas education-focused guidance and financing platform, on Wednesday said it has secured $75 million (around Rs 585 crore) in a Series D funding round led by Silicon Valley-based Owl Ventures. ADVERTISEMENT The latest fundraising also saw participation from new investors Steadview Capital and Paramark Ventures, along with existing investors Jungle Ventures and Sequoia Capital India, the company said in a statement. Since inception in 2019, the company, operated by Leap Finance Inc has raised over $150 million in equity so far. ADVERTISEMENT The San Francisco-based startup plans to deploy the fresh proceeds to expand its global footprint. “We continue to see tremendous opportunity in the study-abroad segment. The pace of Indians moving abroad to study only continues to accelerate almost every passing year. And so, we are eyeing international expansion to UAE and Africa, so more students coming from any country can avail Leap’s products and services," said Vaibhav Singh, co-founder of Leap. Founded three years ago by Singh and Arnav Kumar, Leap also runs LeapScholar , LeapFinance , and Yocket , offering a full-stack international student mobility platform. The platform offers a suite of products including international test prep like IELTS, TOEFL, SAT, etc. ; admissions; visa counselling and financial offerings such as international student loans, international bank accounts, credit cards, and money remittance services. Leap has partnered with over 750 global universities and earlier this year, expanded its presence into West Asia. In terms of growth, Singh said that all the startup’s products have a study abroad community with nearly two million students on it. “Last year, over 60,000 students from India availed Leap’s products and moved abroad, while this year we are looking to triple the number to 175,000," he said. Leap has garnered over $50 million in revenue with 95% of the total share from the India market. "In the last 12 months, we have grown our revenue 400% and I see that growth continuing very strongly over the next 12 to 18 months. We are a business which caters to a very specific slice of the entire education ecosystem. We have got the first mover's advantage in a number of products,” Singh further said. In April, the company partnered with Colorado State University, to offer noted MCIS program to Indian students in a multi-geography hybrid format, at a much lower cost. “Having built the underlying infrastructure for global student mobility, we are now able to scale rapidly across multiple dimensions,” said Arnav Kumar, co-founder of Leap. Owl Ventures is a venture capital fund focused on the education technology market with over $2 billion in assets under management. The Silicon Valley-based firm invests in companies across the education spectrum encompassing Pre-K-12, higher education and the future of work. “By simplifying an otherwise overwhelming process and helping students navigate all the steps of counselling, test-prep, and financing, Leap is well-positioned to support the increasing demand to go and study abroad as more countries and companies around the world are becoming further integrated into the global economy,” said Amit Patel, managing director, Owl Ventures.
Leap Finance Frequently Asked Questions (FAQ)
When was Leap Finance founded?
Leap Finance was founded in 2019.
Where is Leap Finance's headquarters?
Leap Finance's headquarters is located at D409, Raheja Residency, Bengaluru.
What is Leap Finance's latest funding round?
Leap Finance's latest funding round is Series D.
How much did Leap Finance raise?
Leap Finance raised a total of $152.5M.
Who are the investors of Leap Finance?
Investors of Leap Finance include Sequoia Capital India, Owl Ventures, Jungle Ventures, Steadview Capital, Paramark Ventures and 5 more.
Who are Leap Finance's competitors?
Competitors of Leap Finance include Eduvanz and 3 more.
What products does Leap Finance offer?
Leap Finance's products include International education loan and 1 more.
Compare Leap Finance to Competitors
Stoodnt is a global technology platform that lets parents and students connect with US college counselors and colleges. The company provides a platform to research programs and to connect with mentors, college counselors and colleges who could help them in the process of admission. The platform leverages data, technology and people to provide a solution to make life easier for students and parents during the college admission process and in helping them make the best decision.
Leverage Edu uses an AI tool to help students identify what program or college they are best suited for, and then matches them with a mentor from its panel of mentors. It also helps students with exclusive scholarships, industry-best educational loans, help on housing and forex/VISA through multiple global partnerships.
Eduvanz provides transparent financial assistance for higher education. It provides loans for education in schools, colleges, vocational courses, and online courses, and offers EMI facilities for electronics, gaming, wearable, and mobility products. The company was founded in 2016 and is based in Mumbai, India.
Edwise provides a solution to meet the requirements of an international study. It helps students make the decision regarding whether to continue their studies at foreign academic institutions. It offers details about higher education in numerous nations, including the UK, USA, Canada, Australia, New Zealand, and more. It was founded in 1991 and is based in Mumbai, India.
U.S. News Global Education (USNGE) provides a platform for international students to search for United States university options. Its services range from finding a university to helping in the visa process, choosing the right university, and taking admissions. USNGE was founded in 2016 and is based in Boston, Massachusetts.
UK Education Guide offers families and prospective students independent and comparable information about United Kingdom education providers. Its services include independent advice and liaison with chosen schools and universities. The company was founded in 2016 and is based in Lancashire, United Kingdom.
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