March 6, 2025: Leap Finance, a leading education lending platform, has secured a significant $100 million debt facility from HSBC under the ASEAN Growth Fund, marking a major milestone in its mission to democratize access to global education.
The facility will empower Leap Finance to accelerate its expansion across the United States, deepen its operations in India, and increase university partnerships, further solidifying its position as a leader in student lending for international education.
This funding comes at a crucial time as Leap Finance continues to break barriers for students aspiring to study abroad, especially in markets where access to education financing has been a significant challenge.
Since its inception, Leap Finance has funded over 5,000 students with $250 million in education loans, helping students realize their dream of studying abroad. The loans provided by Leap are collateral-free, USD-denominated, and based on the student’s future earning potential, rather than their current financial means.
Vaibhav Singh, Co-founder of Leap, expressed excitement about the partnership with HSBC, stating, “With lack of financing often the largest impediment to students’ global aspirations, this facility will enable us to help hundreds of students make their move abroad. More importantly, HSBC’s vision aligns perfectly with ours, making them an ideal partner to help us open doors to global opportunities.”
Leap Finance to Help Students Achieve Their Global Education Goals
Leap Finance’s services are currently available in over 10 countries, and with the infusion of this new funding, the company aims to deepen its footprint in key regions, including the United States, and expand its partnerships with universities.
The company’s innovative approach has already garnered significant attention in the industry, helping students access flexible loans to cover the entire cost of international education.
This partnership with HSBC follows a successful Series E funding round earlier this year, where Leap raised $65 million in a mix of primary and secondary sales.
Leap Finance’s comprehensive platform—comprising LeapScholar, LeapFinance, GeeBee, and Yocket—has raised over $400 million in equity and debt since its founding in 2019. As the global demand for international education continues to grow, Leap Finance is well-positioned to lead the charge in reshaping how students finance their dreams of studying abroad.
