What is StepEx?
Founded in 2017 and operating out of London, England, StepEx is an award-winning and fully FCA-authorised financial institution. The company was established with the mission to broaden access to finance for individuals seeking to achieve their professional aspirations. Recognizing a gap where many lacked the capital to invest in their own development, StepEx collaborated with finance leaders and the UK's financial regulator to pioneer a novel approach to education financing. This innovative model aims to provide equal opportunities, assessing individuals based on their future potential rather than solely on their past.
How much funding has StepEx raised?
StepEx has raised a total of $1.5M across 1 funding round:
Angel/Seed
$1.5M
Angel/Seed (2021): $1.5M with participation from Chris Adelsbach, BBVA Anthemis Venture Partnership, and TriplePoint Venture Growth BDC
Key Investors in StepEx
Chris Adelsbach
An individual investor participating in the funding round, likely bringing strategic insights to StepEx's growth.
BBVA Anthemis Venture Partnership
A venture partnership likely focused on identifying and supporting innovative financial technology companies.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC specializes in providing financing to venture growth stage companies, often in the technology and life sciences sectors, and typically partners with venture capital firms.
What's next for StepEx?
With this recent major strategic investment, StepEx is poised for accelerated growth and expansion. The company's focus on democratizing access to education finance, coupled with its regulatory compliance, positions it favorably within the fintech landscape. Future developments are likely to involve scaling its operations, enhancing its platform capabilities, and potentially exploring new markets to further its mission of empowering individuals through accessible financial solutions.
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