Education loan providing company Leap has raised $55 million in Series C funding, led by Owl Ventures. The round included the Investments from Harvard Management Company, Inc, along with returning investors Jungle Ventures and Sequoia Capital India, it said in a press statement.
Based in Bengaluru, founded in the year 2019 by Arnav Kumar, Vaibhav Singh. Leap finance creates modern financial products and services that help Indian students pursue a global career. From choosing the right university and the best financing option to lining up job interviews and introductions.
“We are building the rails for global student mobility. Over the past year, we have built the product suite to cover an international students’ lifecycle,” said Arnav Kumar, co-founder of Leap. “We have also put in place a scalable playbook that is replicable across geographies. This shows in our rapid growth across product lines.”
This comes just after the 6 months of their series B round of funding in which they raised $17 million and after the C round the company stands at a valuation of over $75 million.
“Leap intends to broaden its product portfolio to offer more innovative solutions to international students. Some of the products in the pipeline include an international student credit card and insurance products. The company is also building a suite of offerings to help international students succeed on campus once they have made the move abroad,” the statement said.
The company is planning to hire 500 employees in India and abroad by the end of the year. By doing so, it hopes to fortify its product and technology stack. Leap has helped more than 60,000 students in their study abroad journey, the company said.
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