Plans to build an INR 100cr education/skilling loan portfolio across 10,000 students by 2020 with the funding
8th April 2019, Mumbai: Mumbai-based skills fintech NBFC, Eduvanz Financing has raised $2mn (INR 13crore) from Unitus Ventures and the Michael & Susan Dell Foundation. The NBFC aims to be the game-changer in making skills education accessible for India’s young masses.
Currently, more than 70% of young unemployed Indians cite lack of financial assistance as the biggest obstacle in enrolling for vocational or skill development courses. Eduvanz Financing provides youth with limited access to credit or new-to-credit with timely financial access at affordable interest rates. With its end-to-end digital platform and a complementary network of institute partners, Eduvanz helps individuals apply for loans from any location in a paperless and seamless manner.
Read the complete announcement here>