Propelld
A series-B funded fintech company that enables flexible financing solutions through fully digital journeys for learners pursuing education programs at vetted partner institutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $30.0m Valuation: $175m | Series D | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Propelld is a fintech firm operating in the Indian education sector, providing financing solutions to students. The company's primary service is offering education loans that do not require collateral, which are accessible through a fully digital platform. This approach is designed to simplify the loan application and approval process for learners pursuing programs at its partner institutions.
The business model is centered on partnerships with educational institutions, which total over 550. Propelld generates revenue through the interest on the loans it facilitates. The company connects students with lending partners and investors, offering loan products with flexible repayment terms tailored to the students' future income potential. This model allows it to serve students who might not qualify for traditional bank loans.
By focusing on a digital-first approach, the company streamlines the entire lending process, from application to disbursement, making it more efficient for both students and educational institutions. The firm has secured Series-B funding and also raises debt through a wholly-owned subsidiary, Edgro, to finance its lending operations.
Keywords: education finance, fintech, student loans, no-collateral loans, digital lending, India, educational institutions, flexible repayment, Series-B, Edgro