Leap Finance, the student lending arm of Leap, South Asia’s leading study abroad platform, has secured a $100 million debt facility from HSBC under its ASEAN Growth Fund. The funding marks a major milestone in Leap’s efforts to support students pursuing international education and achieving global career success.

To date, Leap Finance has disbursed over $250 million in education loans to more than 5,000 students, enabling them to significantly enhance their earning potential post-graduation.

“With financial constraints often being the biggest hurdle for students aspiring to study abroad, this facility will allow us to help hundreds more achieve their dreams,” said Vaibhav Singh, Co-founder of Leap.

Leap Finance specializes in providing postgraduate education loans without requiring collateral. Unlike traditional bank loans, its USD-denominated financing is based on a student’s future earning potential rather than their family’s current financial standing. The company’s model aims to offer a seamless borrowing experience while ensuring robust credit risk management.

“With the strategic focus of the ASEAN Growth Fund, we are pleased to support Leap Finance as they expand their business and international reach,” said Shaun Sakhrani, Head of Structured Banking, Southeast Asia at HSBC.

The fresh capital will allow Leap Finance to expand its services across more U.S. states, strengthen university partnerships, and deepen its presence in India. The company is also exploring new markets to diversify its student base further.

This announcement comes just weeks after Leap secured a $65 million Series E equity investment led by Apis Partners. The company has now raised over $400 million in equity and debt funding since its inception.