Leap Finance, the student lending division of Leap, has secured a $100 million debt facility from HSBC under its ASEAN Growth Fund. This follows Leap’s $65 million Series E equity raise in January, bringing its total funding to over $400 million.
This new funding will support Leap Finance’s expansion in the U.S., strengthen university partnerships, and deepen its presence in India. The company specializes in collateral-free education loans, allowing students to pursue international higher education based on future earning potential rather than their current financial status.
About Leap Finance
Leap Finance is a leading student loan provider offering financial solutions for students pursuing higher education abroad.
Founded in 2019, Leap Finance operates in key education markets, including India, the U.S., Canada, the U.K., and Australia.
Provides USD-denominated, collateral-free education loans that cover tuition, living expenses, and other costs.
Loans are based on future earning potential, making global education more accessible for students from diverse financial backgrounds.
Over $250 million in loans disbursed, helping 5,000+ students achieve their academic goals abroad.
Why is This Funding Significant?
The $100 million debt facility from HSBC is a game-changer for Leap Finance, as it will:
Expand student loan services across more U.S. states
Strengthen Leap’s presence in India and other international markets
Increase partnerships with global universities, offering more opportunities to students
Enhance Leap’s lending portfolio, ensuring more students receive financial support
Reinforce investor confidence, as Leap’s total funding now exceeds $400 million
Vaibhav Singh, Co-Founder of Leap Finance, emphasized the impact:
“Our mission is to democratize access to global education. This partnership with HSBC enables us to support even more students, ensuring financial constraints are never a barrier to higher education.”
How Will the Funds Be Used?
Leap Finance will leverage the funding to:
Expand its reach across additional U.S. states
Strengthen its operations in India, its primary market
Grow university partnerships, giving students more international study options
Enhance its financial offerings, ensuring more students access affordable education loans
With a strong focus on financial inclusion and innovation, Leap Finance is making global education more accessible than ever before.