Mexico City, Mexico
Most students and families in Mexico are unable to afford a post-secondary education. With the average cost of education exceeding median household income, and options for financing education extremely limited, less than a quarter of Mexico’s young population is expected to receive a college degree.
Quotanda’s mission is to provide access to opportunity. With a college degree increasing average income by 157%, the lack of education presents a significant barrier to opportunity.
The company is a lending-as-a-service platform providing a suite of student loan services. Quotanda’s technology and staff take care of all aspects of a partner’s’ online lending program. Their technology enables organizations to quickly introduce affordable education loan programs without the need to hire additional resources.
How we helped
We made an equity investment into Quotanda through the Village Capital FinTech 2015 cohort. The investment comes alongside other investors and will fund their expansion throughout Latin America. Quotanda fits into our initiative to promote access to capital on two fronts. As a new financial technology Quotanda is innovating in the student loan space, an area in which solutions have been slow to emerge. Quotanda is also creating access for students who have never been included as part of a target market for prior student loan products.