[Editor’s Note: This is a guest post from Nathan Treadwell, VP of Business Development at Nomad Credit. Nomad Credit is...
The Series C fundraising included $40 million in equity and a $200 million debt facility; the platform provides post-graduate loans to international students; it plans to use the funding to expand globally and offer more loans. Source
The New York Fed's most recent Household Debt and Credit Report shows credit levels reaching new highs; total consumer debt for Q2 2017 was $12.8 trillion and student loan debt reached $1.3 trillion; Forbes highlights an increasingly upward trend in student lending which it says is being supported by federal government loans. Source
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