Leap Finance, a fin-tech startup which helps Indian students to pursue education abroad, is looking to raise $70-100 million in its Series E round. This round is happening almost after two-years since its last Series D round happened.
The company has attracted the interest of many investors and with this funding, it is preparing to become a unicorn. Leap had raised $75 million in its previous Series D round in June 2022 and the company was valued between $850-900 million.
Leap is in talks with two potential investors and aims for a valuation of $1 to $1.2 bn. It offers education loans, test preparation, admissions, visa counselling and financial services through Leap Scholar, Leap Finance and Yocket.
The new round will have a mix of new and secondary capital, with some early investors possibly exiting. Leap has so far raised $175 million and supported more than 3,000 students, focusing primarily on the US, Canada, UK and Australia. Although edtech funding has been challenging, Leap and similar companies have raised nearly $500 million in recent years due to strong demand for international education.
