Future Finance Recognized As Global Fintech Leader
LONDON, January 9, 2018
Future Finance, Europe’s leading student lender, was recently recognized by KPMG as one of the world’s leading fintech innovators.
KPMG evaluated numerous companies around the world to select their Global Fintech100 companies. Based on KPMG’s extensive research and analysis on the following five factors (total capital raised, rate of capital raising, geography, sector, and ‘x-factor’ aka degree of innovation), Future Finance was ranked #39 on the list of 100 global fintech companies.
To date, Future Finance has raised close to €50 million in equity and £150 million in debt and has funded over £60 million in loans to deserving students. In addition, the company’s board recently approved a €40 million equity round (~€90 million total) to accelerate the company’s pace of growth and expand hiring in London, Dublin and Chicago.
Hiring will focus on analytics, data science and software engineering. These teams and capabilities will be critical to the growth and innovation of Future Finance.
On making the Global Fintech100, CEO Alex King commented, “We are honored to have been selected by KPMG as a Global Fintech100 company. It is great to have the team’s dedication, hard work and results recognized. More importantly, KPMG’s recognition validates the importance of lending to deserving university students.”
Adam Jiwan, Future Finance’s co-founder and Chairman, added, “It is gratifying to be ranked in the top 50 of the KPMG Global Fintech100. Future Finance has secured substantial capital and resources, which allows Future Finance to expand access to higher education and provide deserving students with more opportunities.”
About Future Finance
Future Finance, Europe’s leading student lender, provides competitive tailored loans to UK students whose government loans and bursaries are insufficient to cover higher education costs. Future Finance facilitates access to education through its proprietary lending platform built for the needs of students. This enables Future Finance to lend to students unlikely to obtain loans from banks or other traditional lenders.
Future Finance provides student loans to undergraduates and postgraduates of between £2,500 and £40,000 each academic year to help them pay for tuition costs and living expenses. Loan periods are for 5 years to 7 years. Loans include up to two payment holidays of three months, which provide students with flexibility as they establish their careers.