fintechFIVE: Prodigy Finance
Ricardo Fernandez
Head of Refinance at Prodigy Finance
In two sentences or less, describe your product or service.
Prodigy Finance provides education loans to international students attending top universities around the world, and refinancing for international working graduates. Our investors, who fund the loans earn a financial and social return, the schools we work with get the best talent, and students from 150 countries get access to funding.
What has been the company’s biggest milestone to date?
When Cameron and the co-founders launched the company, they were also launching a model that had never been done before. It takes time to build a track record and credibility with institutions. The company as a whole has worked hard to prove the model with data, and that it works at scale. Our initial capital funding was driven by alumni and impact investors, and we now also have significant participation from large blue chips around the world (towards the end of last year, we announced that we had raised US$1 billion in available debt financing for student loans in a twelve-month period).
What’s your most useful advice for having a productive day?
Where do you see the company in 12 months?
Which book has had the most influence on your professional mindset?
The fintechFIVE is a series of five questions intended to shed light on innovative fintech companies from around the world — check out the most recent fintechFIVEs here.
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