Lendorse provides income share agreement financing that covers tuition and living expenses for students, eliminating the need for collateral or co‑signers. Recipients receive up to €20,000 upfront and begin repayments only after they secure a job, paying a fixed percentage of their salary for 3–5 years. This model aligns Lendorse’s earnings with graduates’ success, offering a risk‑mitigated alternative to traditional student loans.
Funding
$11.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many students in developing countries face financial barriers to accessing quality education and covering living expenses while studying in Europe. Traditional student loans may not be accessible or favorable due to high interest rates, collateral requirements, or lack of credit history. This limits opportunities for talented individuals to pursue higher education abroad and contribute to the global workforce.
Solution
Lendorse offers Income Share Agreements (ISAs) that provide an alternative financing model for students from developing countries seeking education in Europe. Lendorse funds tuition and living costs, which students repay as a fixed percentage of their income after graduation, once they secure employment above a minimum-income threshold. This approach aligns Lendorse's success with the student's, reducing the upfront financial burden and risk associated with traditional loans. Lendorse also provides career support and mentorship, helping students improve their CVs, prepare for interviews, and connect with industry professionals, increasing their chances of securing well-paying jobs after graduation.
Target Audience
Lendorse primarily serves highly skilled students from developing countries who have been accepted into European universities but lack the financial resources to cover tuition and living expenses.
Features
- Income Share Agreements (ISAs) that cover tuition and living expenses
- Repayment is a fixed percentage of post-graduation income above a minimum threshold
- Personalized career support, including CV improvement and mock interviews
- Mentorship from experienced professionals in various industries
- Focus on connecting students with potential employers