Prodigy Finance, a global higher education finance company, has secured financing of up to $310 million with a funding commitment from the US International Development Finance Corporation (DFC).
The financing prioritizes social impact, with at least 30% of the funding allocated to women and 50% to individuals from low- and lower-middle-income countries.
Prodigy Finance's borderless lending model allows students to apply for loans based on their future earning potential rather than their current circumstances or credit history.
Since its founding in 2007, Prodigy Finance has disbursed over $2.3 billion in funding to more than 43,000 postgraduate master's students from over 150 countries.