Latest Paytronage News
May 10, 2018
Colombian education finance firm Lumni acquires Paytronage to boost U.S. presence ImpactAlpha, May 10 – Bogota-based Lumni offers “income share agreements,” under which a company funds a student’s college education up front in exchange for a fixed share of the student’s income after graduation. The agreements, known as ISAs, have grown in popularity as student loans have come under scrutiny for high interest rates, long repayment periods and rigid terms. Lumni’s cash and stock deal for New York-based Paytronage expands Lumni’s U.S. presence; Lumni acquired Base Capital , based in St. Louis, earlier this year.