Edgro Finance raised $25M in a maiden debt round led by multiple lenders including Credit Saison India and AU Small Finance Bank to offer education loans.

May 17, 2024•about 1 year ago

Amount Raised

$25 Million

BengaluruLendingFintechFinanceFinancial Services

Investors

Northern Arc CapitalIn Cred Financial ServicesAu Small Finance BankCredit Saison India

Description

Edgro Finance, a subsidiary of Propelld, raised a $25M debt funding round from nine lenders, including Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital. The funding will be used to offer education loans and scale up the NBFC business.

Company Information

Company

Propelld

Location

Bengaluru, Karnataka, India

About

Propelld is a series-B funded fintech company that enables flexible financing solutions through fully digital journeys for learners pursuing education programs at vetted partner institutions. Having vertical expertise in the education segment, Propelld provides tailored financing solutions for various educational programs and goes beyond traditional credit parameters to focus on students' learning capabilities and employment potential to assess their eligibility for a loan, all backed by an agile tech infrastructure. From our origin in 2017, we have been driven by the mission of truly democratizing access to education by revolutionizing the face of financing for the entire educational ecosystem. On this journey, we've added more than 2000+ institute partners, with which we're leading in the Ed-tech, Skill-Up, and Job-focused education segment and now expanding in other education segments. We're growing, and our strength, backing us, is our team, which encompasses the potential to create an empire from scratch, performs best on role autonomy, and is data-driven.

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