LeapFrog Investments Partners with Auxilo Finserve, Injecting $30 Million to Empower Education
July 18, 2024, 9:36 am
Location: India, Maharashtra, Mumbai
Employees: 51-200
Founded date: 2017
Total raised: $90.8M
In a strategic move to bolster the education sector, LeapFrog Investments has joined forces with Auxilo Finserve, a leading non-bank lender focused on education financing. The infusion of $30 million in funding marks a significant milestone for Auxilo, propelling its mission to empower students through accessible and affordable education opportunities.
The collaboration between LeapFrog Investments and Auxilo Finserve underscores a shared commitment to social impact and financial inclusion. By leveraging LeapFrog's expertise in impact-oriented investments and Auxilo's innovative approach to student lending, the partnership aims to bridge the gap in education financing and pave the way for students from diverse backgrounds to pursue their academic aspirations.
Neeraj Saxena, Managing Director and CEO of Auxilo Finserve, expressed enthusiasm about the partnership, highlighting the alignment of LeapFrog's social impact vision with Auxilo's goal of empowering individuals through education. The infusion of funds will not only enhance Auxilo's ability to support students in realizing their academic dreams but also enable the company to expand its reach, improve student funding options, and integrate cutting-edge technology into its operations.
With a focus on expanding its student lending portfolio and enhancing infrastructure for quality education, Auxilo is poised to transform the education financing landscape in India and beyond. The company's commitment to providing merit-based finance to a diverse range of students, based on academic performance, test scores, and career prospects, sets it apart as a leader in the education lending space.
Founded in 2017, Auxilo Finserve has garnered support from a diverse group of investors, including ICICI Bank Ltd, Tata Capital Growth Fund II, and Trifecta Leaders Fund - I. The company's track record of providing education loans to over 12,000 students across more than 1,100 universities and educational institutions in over 30 countries underscores its impact on the global education ecosystem.
As Auxilo continues to expand its operations and empower students to pursue higher education opportunities, the partnership with LeapFrog Investments signals a new chapter in the company's growth trajectory. With assets under management growing at a compound annual growth rate of 75% and reaching Rs 2,878 crore as of March 31, 2024, Auxilo is well-positioned to drive positive change in the education sector and unlock new possibilities for students worldwide.
The collaboration between LeapFrog Investments and Auxilo Finserve underscores a shared commitment to social impact and financial inclusion. By leveraging LeapFrog's expertise in impact-oriented investments and Auxilo's innovative approach to student lending, the partnership aims to bridge the gap in education financing and pave the way for students from diverse backgrounds to pursue their academic aspirations.
Neeraj Saxena, Managing Director and CEO of Auxilo Finserve, expressed enthusiasm about the partnership, highlighting the alignment of LeapFrog's social impact vision with Auxilo's goal of empowering individuals through education. The infusion of funds will not only enhance Auxilo's ability to support students in realizing their academic dreams but also enable the company to expand its reach, improve student funding options, and integrate cutting-edge technology into its operations.
With a focus on expanding its student lending portfolio and enhancing infrastructure for quality education, Auxilo is poised to transform the education financing landscape in India and beyond. The company's commitment to providing merit-based finance to a diverse range of students, based on academic performance, test scores, and career prospects, sets it apart as a leader in the education lending space.
Founded in 2017, Auxilo Finserve has garnered support from a diverse group of investors, including ICICI Bank Ltd, Tata Capital Growth Fund II, and Trifecta Leaders Fund - I. The company's track record of providing education loans to over 12,000 students across more than 1,100 universities and educational institutions in over 30 countries underscores its impact on the global education ecosystem.
As Auxilo continues to expand its operations and empower students to pursue higher education opportunities, the partnership with LeapFrog Investments signals a new chapter in the company's growth trajectory. With assets under management growing at a compound annual growth rate of 75% and reaching Rs 2,878 crore as of March 31, 2024, Auxilo is well-positioned to drive positive change in the education sector and unlock new possibilities for students worldwide.