Very interesting, thanks a lot Clément! Truth be told, I have still mixed feelings about this market. There is clearly an opportunity for the paytech segment of the fintech market. As to the wealth management / investing segment, I believe the only opening here is with parents, helping them to save to finance their kids' higher education degree (especially in the UK and in the US). As for the coaching/learning part, it's quite new to me but I've always thought that the combo edtech + fintech is an interesting one. I can't wait to see where this one goes!
I think that when it comes to the financing of studies, you have two sub-segments: lending & saving.
In the lending sub-segment you'll find banks and some startups. The most well-know SU is SoFi (https://www.sofi.com/). No longer a startup but more a scale up / unicorn : $500 M in revenue, profitable, $5 bn in valuation, founded in 2011, still private. Basically SoFi provide students loans (and refinance students loans), even if they have moved towards the investment sphere with the launch of two ETFs.
The saving sub-segment is where you'll find companies helping parents set up savings funds to finance their kids' higher education (thanks compound interests!). So again banks, but also robo-advisors (so in France: Yomoni, Nalo and maybe WeSave). Hope this helps!
Very interesting, thanks a lot Clément! Truth be told, I have still mixed feelings about this market. There is clearly an opportunity for the paytech segment of the fintech market. As to the wealth management / investing segment, I believe the only opening here is with parents, helping them to save to finance their kids' higher education degree (especially in the UK and in the US). As for the coaching/learning part, it's quite new to me but I've always thought that the combo edtech + fintech is an interesting one. I can't wait to see where this one goes!
If you have in mind any SUs related to the financing of studies, I'm interested :) !
I think that when it comes to the financing of studies, you have two sub-segments: lending & saving.
In the lending sub-segment you'll find banks and some startups. The most well-know SU is SoFi (https://www.sofi.com/). No longer a startup but more a scale up / unicorn : $500 M in revenue, profitable, $5 bn in valuation, founded in 2011, still private. Basically SoFi provide students loans (and refinance students loans), even if they have moved towards the investment sphere with the launch of two ETFs.
The saving sub-segment is where you'll find companies helping parents set up savings funds to finance their kids' higher education (thanks compound interests!). So again banks, but also robo-advisors (so in France: Yomoni, Nalo and maybe WeSave). Hope this helps!