What's the news ?
Finance company Capital India has invested $25 Mn via equity and debt in education loans platform Credenc. The startup will use the funds from Capital India to build a loan book of Rs 3,000 Cr by 2025, and enable more education loans.
More to know
Credenc offers education loans covering K-12 school fee, online upskilling courses, education abroad, as well as higher education. The startup is looking to launch a student-focused neobank soon.Credenc differentiates itself by offering intelligent loans that track 15 Mn data points to predict the future income of students applying for loans, providing financial assistance based on a student's potential and future income instead of his or her existing capability.