Leverage Edu, which offers platforms for students in India looking to study in other countries, recently launched Leverage Finance, a unit facilitating loans to pay for tuition, cross-border remittances, and remote opening of bank accounts in countries to which students will travel for their education. During the pilot phase of the service, Leverage Finance customers accessed loans totaling INR 750 million (USD 10 million) and opened approximately 500 accounts at banks in Canada and the UK. Going forward, the firm plans to:
