Student loan fintech platform Kuhoo has raised $20 million from WestBridge Capital in fresh funding.
The 8-month-old startup is looking to partner banks and non-banking finance companies (NBFCs) as well as top colleges to provide credit to students.
Kuhoo is a student loan fintech NBFC platform that aspires to democratise education for all, especially for households that belong to humble socio-economic backgrounds.
We combine advanced technology along with data science to create risk and credit models. These models help us evaluate students’ potential employability and future incomes for various courses (that they) enrol in,” said Prashant Bhonsle, founder, Kuhoo.
Founded by Prashant A. Bhonsle, Shridhar Hebbar, Yogendra Goyal & Rahul Ojha, Kohuu will work with top universities & academic institutions across the world and enable students to get digital student loans for their education. Their solutions will be customised for individual needs by using advanced technology, data science and analytics.
“With the rising costs of education, we believe that India needs loan providers who comprehensively understand the problems of students, parents, and academic institutes. Assessing future employability and income of students are two of the biggest challenges for existing banks and NBFCs that offer student loans,” said Deepak Ramineedi, partner, WestBridge Capital.