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Future-Ready Finance: Edufi Bags $6.1M To Introduce ‘Study Now, Pay Later’ Student Loans

Nov 10, 2023about 2 years ago

Amount Raised

$6.1 Million

SingaporeLendingFintechFinancial ServicesEducation

Investors

AbhiQ BusinessDeem Ventures LtdPalm Drive CapitalZayn Vc

Description

EduFi has just announced a $6.1m pre-seed funding round to launch their student loans with Study Now Pay Later platform. The round comprised of prominent investors from across the globe. These include Zayn VC, who led the round, Palm Drive Capital, Deem Ventures Ltd, Q Business, Abhi, and several angels.

Company Information

Company

EduFi

Location

Singapore, Southeast Asia, Singapore

About

We are Pakistan's first student loan platform, helping students finance and plan for their education. Our innovative platform streamlines the borrowing process, making it easy for students to apply for loans and access funds quickly. In addition, our experienced counsellors provide one-on-one guidance to help students make informed decisions about their education, including selecting a school and degree program, managing their finances, and preparing for a successful career. Our team is dedicated to providing exceptional customer service and supporting our borrowers throughout their educational journey.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers