Versuchen GOLD - Frei
Leap nears Prodigy buyout
Mint Chennai
|March 07, 2025
The study-abroad platform is in late-stage talks to acquire fintech firm Prodigy Finance to expand its footprint
Flush with funds, study-abroad platform Leap is in late-stage talks to acquire study-abroad fintech Prodigy Finance Ltd, with plans to acquire more startups, three persons close to the development told Mint.
The final details are being ironed out, and the deal will close soon, said one of the persons, adding that Leap is also evaluating two to three other startups to acquire, with study-abroad consultancy KC Overseas Education being one of the leading prospects.
Mint could not immediately ascertain the size of the transaction.
Queries sent to Leap, Prodigy and KC Overseas on Thursday haven't elicited any response.
On Wednesday, its student-lending arm, Leap Finance Inc., secured a $100 million debt facility from HSBC's $1 billion ASEAN Growth Fund for new economy businesses to support students pursuing international education, the company said in a statement.
Diese Geschichte stammt aus der March 07, 2025-Ausgabe von Mint Chennai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Chennai
Mint Chennai
RBI proposes FX risk norm changes
Reserve Bank of India (RBI) on Wednesday proposed changes to how banks calculate their net foreign exchange exposure and the capital needed to be set aside against potential foreign exchange (FX) risk.
1 min
January 15, 2026
Mint Chennai
Ireda shines in December quarter, but NPA risks remain
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose about 1% after its December-quarter (Q3FY26) results showed a strong 38% jump in net profit to ₹585 crore, aided by robust interest income growth and a slower rise in funding costs.
1 mins
January 15, 2026
Mint Chennai
Why India’s InvITs prefer to stay private
Valuation and liquidity concerns have been keeping InviTs overwhelmingly private
3 mins
January 15, 2026
Mint Chennai
NEET-PG cutoffs slashed to fill seats
With over 18,000 postgraduate medical seats vacant and hospitals facing a shortage of specialists, the National Board of Examinations in Medical Sciences (NBEMS) has moved to prevent a costly waste of training capacity.
1 min
January 15, 2026
Mint Chennai
Turning point: Retirement planning for your mid-50s
Stop chasing returns and focus on protecting capital through stability, liquidity, risk control
3 mins
January 15, 2026
Mint Chennai
Unacademy plans to exit offline centres
Gaurav Munjal told employees company aims to shift to franchise model
2 mins
January 15, 2026
Mint Chennai
PAN-INDIA FILMS: FEW HITS, MANY DUDS
Some southern films may be runaway hits in their home market but their Hindi dubs bomb at the box office
8 mins
January 15, 2026
Mint Chennai
Centre to enforce strict hair transplant safety standards
Only qualified medical professionals will be permitted to perform these procedures
2 mins
January 15, 2026
Mint Chennai
State Street to buy 23% in Groww MF for ₹580 cr
State Street, the world's fourth largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww.
1 min
January 15, 2026
Mint Chennai
ICICI Lombard: Misplaced fears?
ICICI Lombard General Insurance Co. Ltd's shares fell on Wednesday, despite the sharp boost in its gross domestic premium income (GDPI) growth rate to 13.3% in the December quarter (Q3FY26).
2 mins
January 15, 2026
Listen
Translate
Change font size