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Powered by the vision of a world where every young dreamer has no barriers to success, InvestEd thanks its Educ4all Alliance partners for providing a total of Php 130 million in funding this 2022.
Amidst a very difficult economic climate, InvestEd delivered outstanding results to its partners. It achieved average repayment rates above 90% in 2022 and since the latest school year started, InvestEd hit average growth rates commensurate with fast growing startups in the region. All this while upholding its mission to provide large, collateral-free loans to unbanked students. Given this, InvestEd saw a 100% lender renewal rate this 2022.
It is indeed a testament to InvestEd's business performance and impact that its Educ4all Alliance includes funders from a wide range of backgrounds—from high net worth individuals, family offices, bank and non-bank financial institutions, large employers, venture capital funds, and foundations.
This year, InvestEd received follow-on funding from its existing funders which include angel investors in 2021, Credit Suisse APAC Foundation, Johnson & Johnson Foundation, and Cartier Women's Initiative. New alliance members this 2022 include large employers in the Philippines such as Consistent Holdings and Bank of Makati- infusing not just capital, but also nationwide employment opportunities for InvestEd's growing student borrower community. InvestEd also welcomed funding from financial industry c-levels such as Jojo Malolos, Chairman of GoTyme, one of the country's leading neobanks, Tokumori Sasada, Managing Director of Bank of America Singapore, and Konrad Chan, APAC President of Global Payments. Family funds of Shau-Uy Family, Angeles Family of Romarcom Group, and Scholten Family as well as regional venture capital funds Goodwater Capital, Eduspaze, and Epic Angels also became part of the alliance. Lastly, InvestEd also partnered with non-bank financial institutions such as iGlobal Financial Services who now funds InvestEd's youth entrepreneur portfolio.
Funds raised this year will make a significant impact in supporting Filipino students otherwise considered unbankable by formal financial institutions, and young professionals who want to pursue advanced degrees and certifications. InvestEd provides a suite of student loans that are transparent, personalized, and flexible—designed to support its borrowers in managing their personal finances and achieving their goals.
Interested funders are welcome to be part of InvestEd's growing family and may reach out to [email protected] to join the Educ4all Alliance.