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Leap Finance, the student lending arm of study abroad platform Leap, has secured $100 million in debt funding from London-headquartered bank HSBC through its Asean Growth Fund.
The funds will be used to extend services to more US states, expand partnerships with universities, and strengthen the company’s presence in India.
“This fundraising is a debt-raise to help us finance more students going to the US for international study.The average ticket size is about $50,000, so we’ll be able to support over 2,000 students through this facility,”…
