StudentFinance.com, a Madrid, Spain-based fintech company building the technology and data infrastructure to enable education providers globally to offer Income Share Agreements (ISAs), secured $5.3m (€4.5m) in seed funding.
The round was co-led by Giant Ventures and Armilar Venture Partners with participation from existing investors Mustard Seed Maze and Seedcamp, Sabadell Venture Capital, Victoria van Lennep (founder of Lendable); Martin Villig (founder of Bolt); Ed Vaizey (the UK’s longest-serving Culture & Digital Economy Minister); Firestartr (UK-based early-stage VC); Serge Chiaramonte (UK fintech investor); and more.
The company intends to use the funds to expand its operation into the UK later this year and to triple the size of its team, hiring specialists in product, data, engineering and design, as well as operations, HR, finance and legal.
Founded in 2019 and launched at the beginning of 2020 by Mariano Kostelec, Marta Palmeiro, Sergio Pereira and Miguel Santo Amaro, StudentFinance is an international fintech company connecting education with employment through Income Share Agreements. The company is building the data and technology layer to enable education providers – ranging from boot camps to certificate providers to Masters degrees – to offer ISAs as an income-based deferred payment option to their users.
Today, the company operates across several countries in Europe, including Spain, Germany, and Finland.
StudentFinance employs a team of 16 people and works with some established schools and upskilling platforms including Ironhack and Le Wagon.