Avanse Financial Services

Avanse Financial Services

Aspire without Boundaries

Headquartered in Mumbai, Avanse Financial Services Limited is a new age, fast growing education focused NBFC committed to fulfilling academic dreams of talented young students. It is a part of the WGC group, a financial service conglomerate, catering to lending, insurance and Asset management

Avanse is an associate company of DHFL, one of India’s leading Housing Finance Company. The International Finance Corporation (IFC), an arm of the World Bank holds 20 percent equity stake in Avanse.

Avanse’s vibrant team of over 500+ employees and strong, diverse leadership team of 200+ years’ experience have helped Avanse grow. Today, Avanse continues to be one of the fastest growing education loan specialists and has fulfilled dreams of over 13,000 academic aspirants in over 45+ countries including US, UK, Canada, Australia and others in a short span of time. In its B2B business, Avanse provides funding to Educational Institutes for their growth and working capital needs. Avanse has funded 300 institutes catering to over 7 lakh students. In the last 5 years, the brand’s growth has been phenomenal with a CAGR of over 150% and an overall AUM is Rs 3200 crs (including education and other businesses). Key strategic pillars for Avanse’s growth have been customer-centricity, process excellence, product innovation, brand positioning, people-driven approach, digitization, partnerships and alliances.

Leading Avanse successfully

Avanse Financial Services is led by CEO, Mr. Amit Gainda, an accomplished leader with over two decades of experience in the banking and financial services industry. He is responsible for setting organizational strategy basis the vision, profitability and shareholder objectives. With successful stints at DHFL, Bajaj Finance, GE Money and Citigroup, Mr. Gainda has a strong track record of building businesses from scratch and managing complexities of scale with strong emphasis on sustained profitability. Mr. Gainda is an INSEAD alumnus and holds a Master’s Degree in Business Management from International Management Institute (IMI).

Avanse – Staying Ahead

As Avanse has made significant investments in the fields of technology and digital solutions considering their profound utility in the education financing sector for factors such as course quality, pedigree and potential employability of the institute. Avanse facilitates straight through Loan processing with automated score cards using Machine Learning. In this digital era, Avanse has made significant progress towards digitisation of systems and processes to cater to the growing millennial customer base.

Since inception, Avanse has launched several industry-first, customer-centric initiatives to create great value for its consumer base. This has helped the company grow to become one of the leading education loan providers in a short span of time.

Student Centric Solutions: It provides 100 percent funding, funding beyond tuition fees (covering visa, travel and stay expenses), customized solutions, limitless loans and instant sanctions.

Funding New age courses: Avanse has developed a thorough evaluation system to offer unique funding and repayment options for new age courses.

Digital School fee financing: Avanse has introduced a first-of-its-kind digital financing solution called ‘FeES’ for school fee payment through instant credit facility and convenient EMIs.