Photo: Startupstars
Indian Startup Propelld Provides Education Loans Amid Covid-19 Crisis
Education-focused fintech platform Propelld, has raised $35 million in Series-B funding. The startup was founded in 2017 by three friends from IIT Madras. Propelld enables financing solutions for learners pursuing education programmes at partner institutions. “Bajaj declared a 35% first-default; Propelld had 3%. Even that, they chased down relentlessly to less than 1% within 90 days,'' stated a member. Notably, Propelld funds the education of… read-more
Tags: Startup India, Propelld, education loan, Poor, Covid-19
Courtesy: Money Control
Photo: DNA
With Education Ecosystem In Doldrums, Student Loans Plunge This Year
Due to a low admission turnout, a decline has been witnessed in student loan applications. However, Avanse, India’s second-largest education loan company, claimed that lenders are willing to take risk of default on loans for overseas education. It cited focus of Indians on employment-generating streams as reason. The company's CEO said they look optimistically for the fourth quarter when admissions start. Reportedly, loans for education … read-more
Tags: Education, Covid-19, Lockdown, education loan, Overseas Education, Technology
Courtesy: Times of India
