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. 

Type
Private
HQ
London, GB
Founded
2007
Size (employees)
171 (est)+6%
Prodigy Finance was founded in 2007 and is headquartered in London, GB
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Key People/Management at Prodigy Finance

Edward Wray

Edward Wray

Board member
Alan Morgan

Alan Morgan

Board member
Neil Rimer

Neil Rimer

Board member
Michael Ullmann

Michael Ullmann

Board member
Tim Bunting

Tim Bunting

Board member

Prodigy Finance Office Locations

Prodigy Finance has offices in Mumbai, London, Bengaluru, New York and in 1 other location
London, GB (HQ)
25 Foubert's Pl
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Prodigy Finance Financials and Metrics

Summary Metrics

Founding Date

2007

Total Funding

$340 m

Latest funding size

$40 m

Time since last funding

8 months ago

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 £4.76 m in FY, 2016
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
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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…
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