Leap Finance creates modern financial products and services that help Indian students pursue a global career.

Basic Information

Co-founded by IIT Kharagpur alumni, Vaibhav Singh and Arnav Kumar, Leap Finance offers education loans to students based on the students’ future income. Leap Finance has innovated on multiple dimensions - technology, financial structuring, and risk - to bring down the interest rate and improve customer experience. Its engine takes into account several alternatives and derived data points to predict future income potential. The fintech startup claims to offer loans to students who are starting graduate studies in the US in the upcoming fall season (2020), at interest rates starting as low as 8 percent. In March 2020, the startup raised $5.5 million in a round led by Sequoia India. See more

Legal Name

:

Leap Finance Inc.

Headquarters

:

Bangalore, Karnataka, India

Founding Date

:

2019

No. of Employees

:

21 to 40

Core Team

:
1.

Vaibhav Singh

Co Founder

2.

Arnav Kumar

Co Founder

Funding

Total Funding

$5.5M

Investors

:

1.

Bhupinder Singh

2.

Kunal Shah

3.

Sequoia Capital India