UK company record
Prodigy Finance
Cross-border postgraduate student lending / alternative credit for international students
VerifiedCore UK
Snapshot
- UK location
- London · London
- Sector
- Fintech & payments
- Latest recorded round
- Debt facility
- Latest recorded amount
- $310 million
- Date
- 2024-11-07
Legal-identity layer
Verified identity.
- Selected legal name
- PRODIGY FINANCE LTD
- Company number
- 05912562
- Companies House status
- active
- Incorporated
- 2006-08-22
Investors
- Balderton CapitalLead
- Angel investors including Ed Wray (Betfair co-founder)Participant
- Credit SuisseLead
- Deutsche BankParticipant
- other private investorsParticipant
- Index VenturesLead
- Balderton CapitalParticipant
- AlphaCodeParticipant
- Undisclosed global investment bankLead
- None namedParticipant
- U.S. International Development Finance Corporation (DFC)Lead
- None namedParticipant
- CPP Investments (Canada Pension Plan Investment Board)Lead
- None namedParticipant
- Citi (Citibank)Lead
- Schroders CapitalParticipant
- SCIO CapitalParticipant
- Standard BankLead
- Allan & Gill Gray Philanthropies (subordinated first-loss/grant tranche)Participant
- U.S. International Development Finance Corporation (DFC)Lead
- None namedParticipant
Current directors and active controllers
- DU HECQUET DE RAUVILLE, NicoleCurrent director
- Prodigy Investments LimitedActive controller
- SETHI, NehaCurrent director
- STEVENS, CameronCurrent director
- BARNARD, Nicolaas Everhardusdirector
- CLAYTON, John Nicholas Fothergilldirector
- DECOTE, Pierre Bernarddirector
- H F SECRETARIAL SERVICES LIMITEDcorporate-secretary
- HOPS, Alastair Justindirector
- KING, Matthew James Wyattdirector
- MORGAN, Alan Williamdirector
- RAO, Rajesh Shankardirector
- STEELE, Ryansecretary
- STEELE, Ryan Stevendirector
- ULLMANN, Michael Philippdirector
- ULLMANN, Michael Philippdirector
- WRAY, Edward Jamesdirector
Funding rows
- Series B$12.5 million · 2015-08-10
- Debt facility (loan capital, announced alongside Series B)$110 million · 2015-08-10
- Series C$40 million · 2017-08-21
- Debt facility (announced alongside Series C, part of combined $240M raise)$200 million · 2017-08-21
- Debt facility (DFC loan; $200M increase to a 2019 $50M OPIC loan, aggregate facility)$250 million (aggregate) · 2020-01-01
- Debt facility£550 million (also reported as ~$750 million) · 2021-09-24
- Debt facility (asset-backed, multi-issuance SPV)$350 million · 2023-07-21
- Debt facility (senior revolving credit; African Boost Programme)$22 million · 2024-09-09
- Debt facility$310 million · 2024-11-07
Sources
- https://www.balderton.com/news/prodigy-finance-raise-100m/
- https://en.wikipedia.org/wiki/Prodigy_Finance
- https://www.cbinsights.com/company/prodigy-finance/financials
- https://www.finsmes.com/2015/08/prodigy-finance-raises-over-100m-in-debt-and-equity-funding.html
- https://www.indexventures.com/perspectives/lending-platform-prodigy-finance-raises-240m-to-support-fast-growing-community-of/
- https://impactalpha.com/prodigy-finance-raises-240-million-for-international-student-loans-bdda1cef4c29/
- https://www.fintechfutures.com/cross-border-payments/prodigy-finance-inks-310m-funding-facility-with-us-dfc-for-cross-border-student-loans
- https://businesscloud.co.uk/news/prodigy-finance-secures-550m-funding-to-expand-into-new-markets/
- https://www.crowdfundinsider.com/2021/09/180774-prodigy-finance-acquires-750m-in-capital-to-expand-into-new-regions/
- https://www.newswire.ca/news-releases/prodigy-finance-establishes-another-350-million-facility-for-international-masters-students-with-citi-schroders-capital-and-scio-capital-811064496.html
- https://alternativecreditinvestor.com/2023/07/21/prodigy-finance-inks-350m-funding-line/
- https://www.engineeringnews.co.za/article/standard-bank-invests-usd-22million-in-prodigy-financess-postgraduate-programme-2024-09-09
- https://www.africa.com/standard-bank-invests-usd-22-million-in-prodigy-financess-postgraduate-programme/
- https://prodigyfinance.com/resources/blog/2024-milestone-Prodigy-Finance-secures-US310-million-to-support-international-masters-students/
- https://yourstory.com/2024/11/prodigy-finance-secures-310-million-financing-dfc
- https://www.balderton.com/news/prodigy-finance-raise-100m/
- https://en.wikipedia.org/wiki/Prodigy_Finance
- https://www.cbinsights.com/company/prodigy-finance/financials
- https://www.finsmes.com/2015/08/prodigy-finance-raises-over-100m-in-debt-and-equity-funding.html
- https://www.indexventures.com/perspectives/lending-platform-prodigy-finance-raises-240m-to-support-fast-growing-community-of/
- https://impactalpha.com/prodigy-finance-raises-240-million-for-international-student-loans-bdda1cef4c29/
- https://www.fintechfutures.com/cross-border-payments/prodigy-finance-inks-310m-funding-facility-with-us-dfc-for-cross-border-student-loans
- https://businesscloud.co.uk/news/prodigy-finance-secures-550m-funding-to-expand-into-new-markets/
- https://businesscloud.co.uk/news/prodigy-finance-secures-550m-funding-to-expand-into-new-markets/
- https://www.crowdfundinsider.com/2021/09/180774-prodigy-finance-acquires-750m-in-capital-to-expand-into-new-regions/
- https://www.newswire.ca/news-releases/prodigy-finance-establishes-another-350-million-facility-for-international-masters-students-with-citi-schroders-capital-and-scio-capital-811064496.html
- https://alternativecreditinvestor.com/2023/07/21/prodigy-finance-inks-350m-funding-line/
- https://www.engineeringnews.co.za/article/standard-bank-invests-usd-22million-in-prodigy-financess-postgraduate-programme-2024-09-09
- https://www.africa.com/standard-bank-invests-usd-22-million-in-prodigy-financess-postgraduate-programme/
- https://prodigyfinance.com/resources/blog/2024-milestone-Prodigy-Finance-secures-US310-million-to-support-international-masters-students/
- https://yourstory.com/2024/11/prodigy-finance-secures-310-million-financing-dfc
- https://www.fintechfutures.com/cross-border-payments/prodigy-finance-inks-310m-funding-facility-with-us-dfc-for-cross-border-student-loans