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)
142 (est)+6%
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 and Mumbai
London, GB (HQ)
25 Foubert's Pl

Prodigy Finance Data and Metrics

Summary Metrics

Founding Date

2007

Total Funding

$100 m

Latest funding size

$87.5 m

Time since last funding

about 2 years

Investors

Prodigy Finance's latest funding round in August 2015 was reported to be $87.5 m. In total, Prodigy Finance has raised $100 m

Prodigy Finance Financial Metrics

Prodigy Finance's revenue was reported to be £3 m in FY, 2015 which is a 154% increase from the previous period.
GBP

Revenue (FY, 2015)

3 m

Revenue growth (FY, 2014 - FY, 2015), %

154%

Gross profit (FY, 2015)

2.4 m

Gross profit margin (FY, 2015), %

80%

Net income (FY, 2015)

(1.4 m)

Cash (31-Dec-2015)

3.1 m
GBPFY, 2014FY, 2015

Revenue

1.2 m3 m

Revenue growth, %

154%

Cost of goods sold

313.1 k604.9 k

Gross profit

863 k2.4 m

Gross profit Margin, %

73%80%

Operating expense total

1.3 m3.8 m

Pre tax profit

(432.5 k)(1.4 m)

Net Income

(432.5 k)(1.4 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

88 k100.9 k3.1 m

Accounts Receivable

77.9 k15.3 k112.7 k

Current Assets

165.9 k151.5 k3.3 m

PP&E

128.1 k55 k2.4 m

Total Assets

294.1 k206.5 k5.8 m

Accounts Payable

102.3 k17.1 k59 k

Current Liabilities

102.3 k147.2 k4.2 m

Total Liabilities

102.3 k147.2 k4.2 m

Retained Earnings

(432.5 k)(1.4 m)

Total Equity

191.8 k59.3 k1.6 m

Financial Leverage

1.5 x3.5 x3.6 x
GBPFY, 2014FY, 2015

Cash From Operating Activities

(300.3 k)(955.8 k)

Cash From Financing Activities

311.9 k6.4 m
GBPY, 2015

Revenue/Employee

53.8 k

Financial Leverage

3.6 x

Prodigy Finance Job Categories

Traffic Overview of Prodigy Finance

Prodigy Finance Online and Social Media Presence

Prodigy Finance News and Updates

17 fintech businesses that could one day be worth over $1 billion

LONDON — GP Bullhound, a boutique investment bank focused on tech, on Thursday published an in-depth report looking at the global fintech industry. The report found 39 fintech companies around the world already valued at $1 billion or over, and found that global venture capi…

The novel post-Brexit model all fintechs should get behind

With Article 50 set to be triggered imminently, the process of Britain leaving the EU is finally about to begin, with all that entails. Theresa May has set out plans for a Brexit that looks on the harder side of “hard”, worrying bankers and entrepreneurs alike. While fintech firms don’t welcome t…

Calling entrepreneurs: Be vocal about the post-Brexit visa system you need

It's the lull before the storm. On 31 March, parts of the UK’s visa system will be overhauled. When Article 50 is triggered, European nationals will be treated differently to how they are now, but Theresa May is holding her cards close to her chest – a little too close for many European nationals…

Meet Prodigy Finance: The fintech firm that went global on day one

With Trump in the White House and a hard Brexit on the horizon, protectionism is back on the menu. Many entrepreneurs are concerned about the implications for the free movement of goods, capital and people. But at a recent Leap 100 breakfast, chief executive and co-founder of Prodigy Finance, Cam…

Worldwide financial services and global fintech

New fintech companies are springing up around the world and disrupting the financial services sector. Each of these companies brings a unique and useful service to the fintech ecosystem, which has swelled in the past couple of years. After it hit $19 billion in total in 2015…

Why it's time for "long-term fintech"

Certain areas of fintech have experienced an entrepreneurial frenzy over recent years. Sectors once dominated by traditional providers have become hotbeds of startup activity, with most of the action occurring in payments, foreign exchange, short-term lending and, more recently, current accounts.…
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Prodigy Finance Company Life and Culture

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