Is Leverage Edu for Canada a scam?
Leverage Edu is an India-based student recruitment consultancy that helps Indian students fulfill their dream of studying in the US, UK, Canada, or Australia. Their services include helping select courses and universities; test preparation for IELTS, GMAT TOEFL SAT; scholarships/education loans facilitation; housing and visa assistance – with clients from prestigious schools, colleges, and graduate programs across India as clients.
AI Course Finder from this company helps students connect with universities that offer the right degree programs while also offering career guidance and mentorship services. A base consultation fee and per university service fee apply; coaching for IELTS, GMAT, TOEFL, and SAT exams is also provided.
According to people familiar with the matter, ETS led a $25-27 million investment into Leverage Edu in its most recent fundraising round. This funding round valued New Delhi-based Leverage Edu at approximately $150 million post-money, an increase of 25% over what its previous $22 million funding round brought (in March 2022 from consortiums of funds, family offices, and individual angel investors).
The new funds will enable Fly Finance to increase its financial services offering for students. They have already partnered with foreign accommodation providers and established an international remittance business called Fly Finance which has an FFMC license from the Reserve Bank of India. Furthermore, Fly Finance plans on ramping up its facilitated loan program, which has thus far disbursed around Rs 280 crore of loans; its goal is to reach 1,000 crores by 2023.
Is Leverage Edu for Canada a good choice?
Leverage Edu, which assists students in planning and pursuing higher education abroad goals, recently secured new funding from the global testing firm Educational Testing Service (ETS). ET sources familiar with this development reported that this investment values Leverage Edu at $150 million post-money, representing an impressive 250% increase since it last raised funds in March 2022 at $22 million post-valuation.
This company assists students in selecting the appropriate program, country, and college education with an employability focus. They assist with application processes, including grade conversion, VISA application process, education loan options, and foreign accommodation solutions – all powered by AI with support from an established team of mentors.
The platform utilizes its AI course finder to connect students with universities that best suit their academic profile and interests, matching each with a mentor to aid in completing the process. Alongside counseling and application support services, additional services include scholarships, housing options, financial assistance with forex/educational loans, and visa applications.
Akshay Chaturvedi, founder of Global Student Mobility Services (GSMS), asserts that this global pandemic has helped students understand more clearly their opportunities abroad. Furthermore, student mobility overseas is growing as governments open up immigration policies more fully while communicating more directly with global students in an inclusive manner.
As part of its dedication to helping more students realize their dream of studying abroad, the company is offering Indian students who wish to study in Canada or the UK/US/Australia the chance to win a scholarship worth up to Rs 3 lakh to study at one of its premier universities. Details for participation can be found on its website.
Located in Delhi with offices across India, Nigeria, and Australia. They boast over 120 institution partners worldwide and are an essential platform for students looking to research, select and apply to universities domestically and abroad. Furthermore, they also provide guidance and assistance with writing a Statement of Purpose (SOP) or CV (CV).
Is Leverage Edu for Canada worth it?
ETS, the global education testing firm, led a funding round valuing Leverage Edu at $150 million post-money. Additional investors in this round include Blume Ventures, DSG Consumer Partners, and Tomorrow Capital.
According to sources, Leverage Edu plans to use its fresh capital injection to strengthen its focus on US higher education markets. Leverage Edu facilitates university admissions in the UK, Australia, and Canada.
Fly Finance assists students in preparing for exams such as the International English Language Test, TOEFL, and Graduate Record Examinations. A consultation fee applies; university application fees will depend upon which institution an aspirant applies to. Furthermore, Fly Finance offers foreign accommodation and international remittance services through its Fly Finance business which has received an FFMC license from the Reserve Bank of India.
