Try GOLD - Free
Leap nears Prodigy buyout
Mint Bangalore
|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.
This story is from the March 07, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
EU mulls minimum price on Chinese EVs to replace tariffs
The European Union (EU) is weighing minimum prices for electric vehicles (EVs) exported to the bloc from China, signalling a thaw in trade tensions even as the US presses Europe to take a tougher line on Beijing.
1 mins
January 13, 2026
Mint Bangalore
Trade talks with US today, new envoy backs India partnership
The US and India will hold afresh round of negotiations on Tuesday over a much-delayed trade deal, even as Washington moves to draw New Delhi into the Pax Silica, a brand-new technological alliance of nations to counter China in chips, critical minerals, and artificial intelligence (AI) infrastructure.
1 min
January 13, 2026
Mint Bangalore
Now, inheritance works without probate—but why it still matters
Heirs can now act on a valid will without court cases, easing delays and unlocking assets in undisputed cases
6 mins
January 13, 2026
Mint Bangalore
Pak’s conflict with Afghanistan opens $200 mn pharma window for India
Afghanistan’s border tensions with Pakistan, which led to the shutdown of vital transit routes, may have opened up a $200 million pharmaceutical opportunity for India.
2 mins
January 13, 2026
Mint Bangalore
Commissions trump advice in wealth management biz
surge on rising affluence, strong economic growth, higher foreign direct investments, and the growth of the startup ecosystem.
2 mins
January 13, 2026
Mint Bangalore
US productivity is rising and it risks warping monetary policy
America's neutral rate ought to be going up but will the Fed listen?
3 mins
January 13, 2026
Mint Bangalore
Venezuelan crude on offer to India, China
Vitol and Trafigura have started discussions on Venezuelan crude oil sales with refiners in India and China for cargoes to be delivered in March, several traders said on Monday.
1 min
January 13, 2026
Mint Bangalore
India at 100: Our choices today will define the next two decades
India's 2047 ambition is not guaranteed but achievable if we address all the potential pitfalls along our development path
4 mins
January 13, 2026
Mint Bangalore
More companies to take a hit as labour codes debut
Reworked gratuity and leave encashments spell additional expenses for India Inc
2 mins
January 13, 2026
Mint Bangalore
Should a benchmark bond yield guide RBI's repo rate decisions?
A broadly steady 10-year G-Sec yield could be taken as a cue if it reflects an efficient market at work
4 mins
January 13, 2026
Listen
Translate
Change font size