StepEx offers alternative student finance that lets students pay a percentage of future earnings for a fixed period, triggered only after course completion and once an agreed salary threshold is met. The company structures payments via Future Earnings Agreements, charges course providers an up-front fee per student, and takes a small commission on each monthly repayment. StepEx uses machine-learning forecasts of expected earnings to set thresholds and repayment triggers. It is already working with London Business School, INSEAD, and multiple providers of technical courses such as coding and AI. Led by founder and CEO Daniel George, StepEx intends to use new funding to develop its machine-learning model and user platform and to expand its senior team. The firm is FCA-regulated and based in London, UK.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2021