Avanse Financial Secures Pioneering $145M Social-Linked Loan for Education

• ByStartupStory     |    October 16, 2023

Avanse Financial, a non-banking financial company (NBFC) with a focus on education, has successfully obtained a syndicated social-linked loan facility totaling $145 million, designated as External Commercial Borrowing (ECB).

This syndication involved the participation of 11 banks, with the funds to be received in installments. The coordination of the social loan and the role of the sole mandated lead arranger and sole book runner were handled by Standard Chartered Bank.

Avanse Financial highlights that this social-linked ECB transaction represents a pioneering development in India’s education financing sector.

The company has been instrumental in assisting nearly four lakh academic aspirants across more than 4,000 educational institutions and a range of 30,000 courses in approximately 50 countries.

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Additionally, Avanse Financial has played a role in providing growth and working capital to over 2,000 educational institutes, benefiting over 10 lakh students.

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