Prodigy Finance

Prodigy Finance is a marketplace that provides a platform where alumni invest in students at the world's top business schools. Through the online platform, a community of alumni and other investors earn low risk, competitive returns, while postgraduate students gain access to higher education they otherwise might not have been able to finance.

Prodigy Finance considers itself a social enterprise. A large number of its student borrowers come from developing world countries. The majority of these students then return to their home countries after graduation—bringing back global business networks and learnings to develop their home regions. 

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2007
Size (employees)
155 (est)+5%
Prodigy Finance was founded in 2007 and is headquartered in London, GB

Prodigy Finance Office Locations

Prodigy Finance has offices in London, Cape Town, New York, Mumbai and in 2 other locations
London, GB (HQ)
25 Foubert's Pl

Prodigy Finance Financials and Metrics

Summary Metrics

Founding Date

2007

Total Funding

$340 m

Latest funding size

$40 m

Time since last funding

4 months

Investors

Prodigy Finance's latest funding round in August 2017 was reported to be $40 m. In total, Prodigy Finance has raised $340 m

Prodigy Finance Financials

Prodigy Finance's revenue was reported to be £4.8 m in FY, 2016 which is a 59% increase from the previous period.
GBP

Revenue (FY, 2016)

4.8 m

Gross profit (FY, 2016)

3.2 m

Gross profit margin (FY, 2016), %

67%

Net income (FY, 2016)

(6 m)

EBITDA (FY, 2016)

(6 m)

EBIT (FY, 2016)

(6 m)

Cash (31-Dec-2016)

1.5 m
GBPFY, 2014FY, 2015FY, 2016

Revenue

1.2 m3 m4.8 m

Revenue growth, %

154%

Cost of goods sold

313.1 k604.9 k1.6 m

Gross profit

863 k2.4 m3.2 m
GBPFY, 2014FY, 2015FY, 2016

Net Income

(432.5 k)(1.4 m)(6 m)

Cash From Operating Activities

(300.3 k)2.3 m(6.3 m)

Cash From Financing Activities

311.9 k3 m6.5 m

Net Change in Cash

12.9 k2.9 m(1.7 m)
    GBPY, 2016

    Revenue/Employee

    57.8 k

    Financial Leverage

    3.2 x
    Show all financial metrics

    Prodigy Finance's Web-traffic and Trends

    Prodigy Finance Online and Social Media Presence

    Prodigy Finance News and Updates

    Student loan platform Prodigy Finance raises $240 million in debt and equity funding

    Prodigy Finance, a UK fintech company that provides loans to students, has raised $240 million in debt and equity funding. The round of funding is made up of $200 million in debt led by an unnamed global investment bank and a Series C round of $40 million in equity led by Index Ventures with partici…

    Fintech startup Prodigy Finance lands $240m funding

    Prodigy Finance, a fintech startup that provides online funding for students embarking on postgraduate courses at top institutions such as Cambridge and Harvard, has landed multi-millions of pounds in fresh funding from leading investors. Index Ventures has led a series C equity round of $40m, wi…

    Prodigy Finance Company Life and Culture

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