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Fintech company launches loans for African students

The PIE News

A new fintech company plans to provide up to $30 million in loans to help African students access higher education abroad. 8B Education Investments has collaborated with US-based Nelnet bank in a “first-of-its-kind” partnership to get more African students into North American institutions.

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Venture capital gets behind international education loans

The PIE News

This week investment bank Goldman Sachs announced a partnership with US-based fintech provider MPOWER Financing to open up a new US$150 million financing facility for educational loans. Four in five students [in India] actually ask for extra funds,” Sista explained.