London, United Kingdom
StepEx is a UK-based startup founded in 2017 that aims to revolutionize student finance. Their slogan, "Providing the next generation of student finance, the world's first regulated 'Future Earnings Agreements'," encapsulates their innovative approach. The company's flagship product offers an alternative to the conventional upfront fee for education, allowing students to pay a share of their future earnings through an FEA/ISA. This unique model addresses the price barrier to education, significantly expanding access to educational opportunities.
By collaborating with education institutions and third-party liquidity providers, StepEx seeks to tap into the $2 trillion adult education market. Through their finance-as-a-service model, they provide the necessary regulatory compliance and technological infrastructure for educators, facilitating payment acceptance based on future earnings. The recent £1.10M Pre-Seed Round investment on 05 July 2021 from Anthemis Group, Triple Point Ventures, Chris Adelsbach, and Banco Bilbao Vizcaya Argentaria reflects investor confidence in StepEx's vision and potential impact in the Finance and Financial Services industries.
StepEx aims to democratize access to education, making it more inclusive and accessible while addressing the financial challenges faced by students. Their innovative approach has garnered support from notable investors, positioning the company as an exciting player in the education finance sector.
