Education loan firm Avanse Financial raises Rs 357 crore via securitisation transaction

“Avanse has been an early mover, demonstrating consistent growth and making access to high-quality education a reality for thousands of students in India. At Northern Arc, we are committed to supporting businesses like Avanse that bring transformative impact and the latest transaction is a testament to that.”

Amit Gainda, chief executive of Avanse Financial Services, claimed that it is the first securitisation transaction in the education loan space, invested by a global financial institution establishing this segment as an asset class at an international level.

“It has enabled us to boost our diversified long-term stable funding strategy,” Gainda said adding that education financing is a sunshine segment and a multi-decade secular growth opportunity in India.

Avanse Financial Services has already offered loans to around 2 lakh students studying both in India and abroad. Avanse has also provided growth and working capital to about 1,000 educational institutes.

Avanse offers loans to students for both international and domestic studies, for online education, for school fee financing, for skill development courses, and lends working and growth capital to educational institutions in India.