Student financing platform Leap Finance has secured a $100 million debt facility from HSBC under its ASEAN Growth Fund.

Leap Finance is the student lending arm of Leap, an end-to-end study abroad platform. 

Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India. The company is also exploring new countries to diversify its business.

Leap, which operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an online community for study-abroad aspirants. It offers test preparation, admissions and visa counselling services, and financial support such as international student loans.

The company focusses on institutions in US, Canada, UK, and Australia. It claims to have served over 1 million students and partnered with more than 1,000 educational institutions worldwide.

Leap Finance has funded over 5,000 students with $250 million in education loans. These loans are based on a student’s future earning potential.

In January, Leap raised $65 million Series E equity led by Apis Partners. The company has raised over $400 million in equity and debt till date.