Lendorse

lendorse.com

Millions of talented students can't afford to pursue their degrees and careers in Europe, and at the same time, Europe is suffering from a major labour shortage. Lendorse provides a "study now, pay later" agreement specifically for students from developing countries. Lendorse has developed a proprietary underwriting model that selects creditworthiness without assessing credit scores, collateral, or co-signers to increase access to finance and therefore education. Once the students graduate, Lendorse helps the students land their dream job, and they share a portion of their income back with Lendorse for a few years (called an "Income Share Agreement"). With a term sheet for €10M debt funds secured, Lendorse will sponsor over 1000 students in the next 24 months, locking in a minimum of €1M revenue. The European Investment Fund is a guarantor for Lendorse's potential defaults and will reimburse up to 104% per defaulted Income Share Agreement, up to a total of €2M in value. Serial founders Bjoern Wolf (ex-McKinsey, COO of the Unicorn Knuspr) and Evgenii Avdeev (1 exit) have built Lendorse alongside ex-commercial bankers, strong quantitative data scientists, and ex-UBS lawyers.

Is this your company?