StudentFinance, a European fintech that funds educational programs for individuals through so-called income share agreements, has raised €39 million ($41 million) in a Series A round of funding.
Founded out of Spain in 2019, StudentFinance partners with educational institutions such as Ironhack and Le Wagon to help finance those looking to upskill into disciplines like software development, cybersecurity, and artificial intelligence, serving as an alternative to traditional bank or student loans.
The company says that it has developed AI models to discover the most in-demand skills across sectors and map this to the most suitable education providers catering to that gap.
“We monitor and track publicly available job listing data, showing trends and fluctuations in labour demand,” StudentFinance co-founder and CEO Mariano Kostelec explained to TechCrunch. “We also use data from analyzing systemic and market changes such as government incentives for companies to become ‘greener.’ This gives us data on future growth — or declining — sectors.”
On top of that, Kostelec also said that they track salary data, which can indicate demand for speci …
