Lendorse raised €10M in debt financing led by Swiss i2 Group to support over 1,000 talented students from developing countries in accessing higher education in Europe.

Sep 12, 2024•12 months ago

Amount Raised

€10 Million

MunichFinanceEducation

Investors

I2 Group

Description

Lendorse, a Munich-based fintech, has secured €10 million in debt financing from i2 Group. The funding will enable Lendorse to offer its 'Study Now, Pay Later' model, helping students from developing nations pursue higher education in Europe.

Company Information

Company

Lendorse

Location

Munich, Bavaria, Germany

About

Lendorse is an innovative social impact fintech based in Munich, focusing on education financing. Founded in 2022, it aims to provide access to higher education in Europe for talented students from developing and emerging countries. Its 'Study Now, Pay Later' model utilizes Income Share Agreements (ISAs), enabling students to repay financial support after graduation based on their future income. Lendorse partners with various universities and supports students with relocation and other expenses.

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