By sanctioning education loans in minutes, Leap Finance, a Bengaluru-based company is helping young graduates ‘Leap’ into the future.
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#JustStarted #LeapFinance #Business #OutlookBusiness #OutlookMagazine #OutlookGroup
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NewsTranscript
00:00 [Music]
00:08 You studied hard, got the grades and the RECO letters and finally you got the much coveted
00:13 offer letter from an international university in hand. But the high tuition fees and difficulties
00:19 in getting loans could still end up putting a wrench in your dreams. Here is where Deep Finance
00:24 is hoping to come in by providing loans at a lower rate of interest without any collateral.
00:30 Founders Arnab Kumar and Vaibhav Singh started Leap Finance in August 2019. Till date the company
00:37 has received 400 million rupees in funding with an average loan size of 65,000 dollars. They have
00:43 already given out loans worth 2.3 billion rupees and are expecting a revenue of rupees 1 billion
00:48 in FY21. Apart from loans they also help students get a US bank credit card. Bring it on I say!