Future Finance is currently live in the UK and Germany with plans to expand further in the region, according to co-founder and CEO Brian Norton — an American with a background in finance who upped sticks and moved to Dublin to build Future Finance in this part of the world. For USD 171m you can make quite a dent in the European market....chaklenge is that the student loan market does not really exist in Europe
The idea of student loans is still a relatively new one in many parts of Europe, where university education in several countries is either entirely or largely subsidised by the government. But as that begins to change, and more young people and their families are being required to pony up academic and living fees, a new startup hopes to capitalise on the emerging gap to help them. Future Finance — a startup based out of Dublin that provides loans to students in Europe using big data algorithms to asses their credit-worthiness — is today announcing a new £119 million ($171 million) in funding. This includes £19 million in equity and £100 million towards future loans made through the platform.