Lendorse has successfully raised €1.75 million in funding to enhance its platform that facilitates financial access for international students in Germany.
Information on the Target
Lendorse, a Berlin-based startup founded in 2022, aims to eliminate financial barriers faced by international students pursuing higher education. Each year, millions of skilled individuals are granted admission to prestigious academic programs but are unable to attend due to financial constraints. Lendorse is committed to enabling these students by offering upfront financing solutions that cover both tuition and living expenses.
Through its innovative digital platform, Lendorse provides a unique funding model where repayment is contingent upon the graduate's future income. Repayment is based on a fixed percentage of their earnings, allowing for a more manageable and equitable approach to financing education.
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Industry Overview in Germany
Germany is renowned for its high-quality education and is a popular destination for international students. However, access to leading universities can be challenging, especially for those
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Disclosed details
Transaction Size: $2M