# Educredit Finance Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/educredit-finance

- Industry: Financial Services
- Headquarters: Taguig City, Philippines
- Website: www.educredit.ph
- Latest round: Seed (Aug 7, 2019)
- Investors on record: 2

## About

Educredit Finance Corporation is a financial services company focused on providing tailored financial solutions for educational expenses, including student loans and financing options to facilitate access to higher education in the Philippines.Educredit Finance Corporation specializes in educational financial solutions. Founded in 2018, the company is located in Taguig City, Philippines. The founder's history is not specified, and there are no mentions of subsidiaries or significant pivots in business strategy. The company has raised funding through one deal, with the most recent funding occurring on August 7, 2019.Educredit.ph specializes in providing financial solutions specifically tailored for educational expenses. Their core product offerings include student loans and educational financing options designed to facilitate access to higher education for students and their families. These services aim to alleviate the financial burdens associated with tuition and related expenses, allowing users to pursue their academic goals without excessive financial strain. The company primarily targets students and parents in the Philippines, offering assistance to those seeking higher education both locally and abroad. Their products streamline the loan application process and provide competitive interest rates, helping a diverse client base that includes both private individuals and educational institutions.The revenue model of Educredit.ph is structured around direct-to-consumer transactions, where students and families apply for educational financing solutions. The company generates revenue through interest accrued on loans and potentially through application or service fees associated with their financial products. These financial transactions provide a straightforward pathway for clients to secure necessary funds for education. Specific pricing plans are linked to the type of loans offered, reflecting various repayment terms and interest rates that align with the needs of their user base. Flagship offerings might include tailored loan packages that cater to different educational levels, ensuring accessibility for a wide range of clients.In August 2019, Educredit Finance Corporation raised an undisclosed amount of Seed funding from new investors Chinaccelerator and SOSV. The company plans to utilize this funding to develop new products aimed at enhancing their educational financing offerings and to explore expansion into additional regions within the Philippines. Specific markets for expansion have not been detailed, but the intent is to broaden their reach in order to support more students and families in securing educational funding.

## Funding rounds

- Seed, Aug 7, 2019 — SOSV, Orbit Ventures

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Orbit Ventures (https://capitalatlas.ai/funds/orbit-ventures) — Seed