Prodigy Finance was born in 2007, as the founders lamented the challenges faced by international postgraduate students in financing their business school degrees. From the outset, we have focused on social impact.
Traditional lenders use credit history to assess risk which varies from country-to-country and is rarely transferable if you move abroad. To resolve this and support students looking to study abroad, we developed a borderless risk algorithm using future earning potential, home credit history and many additional data points to create a unique and holistic profile of each applicant. This means we can offer cross-borders loans at competitive interest rates, without requiring collateral or a co-signer.