Leap Finance, an overseas education-focused edtech platform, has raised a $100 million debt facility from HSBC under its ASEAN Growth Fund, reinforcing its mission to provide education loans for international students pursuing higher education and study abroad opportunities.

This strategic funding will enable the company to expand its lending portfolio, strengthen its presence in India, and extend its services to additional US states while fostering new university partnerships.

“Our mission is democratizing students’ access to global education and careers. Lack of financing is often the largest impediment to their global aspirations, and this facility will enable us to help hundreds of students make their move abroad. More importantly, in HSBC, we have had a partner helping people and businesses open up to global opportunities for decades,” said Leap Finance co-founder Vaibhav Singh.

The $100 million debt facility follows Leap Finance’s recent $65 million Series E equity round led by Apis Partners in January. To date, the company has raised over $400 million through both equity and debt financing. Co-founder Vaibhav Singh emphasized that the latest funding will help Leap scale operations further, supporting more than 2,000 additional students.

Leap Finance Expanding Global Footprint

With this funding, Leap Finance aims to bolster its financial support for students seeking higher education abroad. The company has already facilitated over $250 million in education loans for more than 5,000 students. Unlike traditional banks, Leap provides collateral-free loans based on a student’s future earning potential rather than their family’s current financial status.

Leap operates multiple platforms, including LeapScholar, LeapFinance, GeeBee, and Yocket, offering services such as test preparation for IELTS, TOEFL, and SAT, admissions guidance, and visa counseling. The company serves students primarily in the U.S., Canada, the U.K., and Australia, partnering with over 1,000 top educational institutions worldwide.

Since its Series D round three years ago, Leap Finance has experienced a fivefold increase in growth. The company continues to expand its reach and impact, positioning itself as a game-changer in the global study-abroad ecosystem.

Shaun Sakhrani, Head of Structured Banking, Southeast Asia, HSBC, added to this saying, “We are honored to provide Leap Finance with this bespoke and scalable facility that will help grow its portfolio while supporting more Indian students as they pursue higher education in the US. With the ASEAN Growth Fund’s unique metrics, we can support Leap Finance as they expand their business and footprint.”

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