StudentFinance nabs $41M to help Europeans upskill for indemand jobs

News Summary

  • The platform and financing is currently available in Spain, Portugal, and the U.K., though it has also partnered with education providers in Germany and Finland to provide its platform on a SaaS basis, with the institutions themselves organizing the funding.
  • As such, a slew of VC-backed student funding platforms have emerged of a similar ilk to StudentFinance, including San Francisco–based YC alum Blair, New York’s Leif, and Arlington’s Vemo Education.StudentFinance is looking to do the same, but with a focus on the European market.
  • Later this year, StudentFinance plans to expand its full service into Germany, having already received regulatory clearance from the German financial regulator (BaFin).“The demand for workforce upskilling has never been greater,” Kostelec said.
  • The debt element was provided by French asset manager SmartLenders Asset Management.
StudentFinance, a European fintech that funds educational programs for individuals through socalled income share agreements, has raised 39 million ($41 million) in a Series A round of funding.Foun [+4504 chars]