Sequoia India joins $17m round in overseas student lending startup Leap

Leap Finance, an Indian lending platform focused on overseas student, announced that it has raised US$17 million in its latest round of funding.

More funding details

• Lead investors: Jungle Ventures
• Other investors: Sequoia Capital India and Owl Ventures
• Stage: Series B

More company updates

• Leap Finance offers financing products such as education loans and credit cards to the Indian student community studying overseas.
• The India-based fintech, which aims to serve 150,000 students this year, says it saw a 25% month-over-month increase in customer growth in 2020.
• Funds raised from the round will be used to expand the firm’s operations, boost its product portfolio, and ramp up its tech and business teams.
• The company has over 500,000 registered members and 200,000 monthly active users.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.