Study Loans targets $5b student loan market, plans to build $30m loan book in first year

By James Harkness · 28 September 2017 · Featured

Study Loans targets $5b student loan market, plans to build $30m loan book in first year

Fintech Startup Aims to Shake Up $5b Student Loan Market

Melbourne-based Study Loans has launched its responsible lending service, but can it truly make a dent in the $5 billion student loan market? With a $30 million loan book in its sights, the startup is certainly making big waves.

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Summary

Melbourne-based fintech startup Study Loans has this week launched its responsible student lending service, with $5 million available to Australians seeking to finance their tertiary education. In addition to completing a $2 million seed round to get the business off the ground, Study Loans co-founders Brett Shanley, Mark McCoach and Rhett Simonds raised $5 million debt equity […]