Led · Debt Financing · Sep 2024

Lendorse offers upfront financing for international students’ tuition and living expenses through income share agreements (ISAs) and a suite of career-integration services. Its proprietary underwriting engine collects up to 150 data points and uses algorithms to predict future income distribution and assess creditworthiness for students from developing countries. Repayments begin only after graduates find professional success and are calculated as a fixed percentage of future income. The platform also provides CV assessments, mock interviews, mentorship, and relocation guidance to improve post-graduation outcomes. Lendorse intends to sharpen its underwriting capabilities, expand its lending partner network, and scale its team and product development. The company plans to deploy €10 million to fund over 1,000 students in the next 3–5 years. To date it has secured equity funding totalling €2.345 million, including a recent €1.75 million round and a €595K pre-seed. Lendorse is a Munich-headquartered social-impact fintech founded in 2022 that provides ‘Study Now, Pay Later’ education financing using Income Share Agreements (ISAs). The company finances tuition, relocation, and other study-related expenses for talented students from developing and emerging countries who lack collateral, credit history, or co-signers. Its model delays repayment until after graduation and ties payments to a percentage of future income once a threshold is exceeded. Lendorse has partnerships with blocked account provider Expatrio and universities including HSG St. Gallen, Stockholm School of Economics, and INSEAD. The European Investment Fund (EIF) supports Lendorse by securing defaults up to a certain amount, reducing Lendorse’s risk and enabling better student terms. With the newly secured capital, the company plans to expand its reach across Europe and scale its ISA program. The financing is intended to enable access to higher education in Europe for over 1,000 students.