Future Finance provides tailored loans to UK students to top up government loans and bursaries when they do not cover higher education costs. Led by CEO Alex King, the company is authorised and regulated by the UK Financial Conduct Authority (FRN 719436). The business has funded close to £70 million in loans to date. To support growth, Future Finance closed a new £100m funding facility with Waterfall Asset Management. Prior to this facility the company had raised over €90 million in equity and £150 million in debt. The new debt facility is intended to allow the company to continue growing its student lending business. Future Finance is a private student lender that provides competitive, tailored loans to UK students whose government loans and bursaries are insufficient to cover higher education costs. Led by CEO Alex King, the company is authorized and regulated by the Financial Conduct Authority in the U.K. (Firm Reference Number 719436). It recently closed a €40m Series C round of venture capital financing to support scale-up efforts. The firm has raised nearly €90m in equity and £150m in debt to date. Future Finance plans to use the funding to scale and hire top software engineering and data science/analytics talent across London, Dublin, and Chicago. The Series C was an internal round led by KCK with participation from S-Cubed, Invus, Fenway Summers and other existing shareholders. Future Finance offers tailored loans to undergraduates and postgraduates at universities across the UK, using a proprietary lending platform that factors continuation, employability and earnings into lending decisions. Led by CEO Brian Norton, the company provides financing for tuition fees and living expenses and partners with universities to deploy its product. Since launch in May 2014, Future Finance has lent nearly £25m and partnered with 33 universities across the UK. The company said it will use the new funds for growth and lending capital. The article reports the company has raised £185m in total to date. The business is headquartered in Dublin, Ireland.

Total raised

$356M

Funding rounds

4

Latest round

Debt Financing

Latest activity

May 2018