Lorien Finance, a fintech firm specializing in education financing for students from emerging economies, has raised US$2.25 million in its pre-series A funding round.

The funding was led by FlatIronX, with participation from Seedstars International Ventures, Ahimsa Capital, Play Holdings, and other investors.

Lorien Finance has created a US$3 billion lending pool, supported by over 17 international lenders, with interest rates starting at 3.49%.

Since its launch, the platform has processed funding applications for more than 1,000 students in India.

The new funding will allow Lorien Finance to expand its services to Tier 2 and Tier 3 cities in India, where access to financing is limited.

Founded by Nikhil Mudgal, Lorien Finance seeks to improve education financing accessibility for students while equipping lenders with real-time decision-making tools.