London fintech adds three “world-renowned” partners to its UK client list

A London fintech has announced it has attracted three training bootcamps to its UK client list allowing more students to access Future Earnings Agreements to support their learning.

StepEx provides a new way to finance education for students who might otherwise not be able to achieve their professional goals. The company provides infrastructure for boot camps and universities to enable students to accept payment with a share of future earnings.

IronHack, Northcoders and Le Wagon will partner with StepEx and allow the fintech to add even more data to further enhance its ability to reliably predict, verify and collect an applicant’s future earnings by using cutting edge analytics and algorithms.

Gabriel Pizzolante, UK manager at Ironhack, commented: “Our partnership with StepEx means we will be able to offer more students the financial support they need to get started on acquiring new skills. As the demand for our tech bootcamps continues to rise here in the UK, we are excited to now be able to ensure students from all backgrounds are given the opportunity to change their career path.”

Founded in 2017, StepEx is the only regulated provider of Future Earnings Agreements (FEAs) across the UK and Europe. Students pay for their qualification with a small share of the initial earnings they achieve with that qualification, meaning that course providers have an incentive to ensure they provide a relevant education and select students they believe will benefit from the course.

In January 2022, StepEx announced undergraduate degrees on its platform for the first time courtesy of the University of Buckingham and continue to offer post-graduate degrees through Cranfield, London Business School, INSEAD and Cambridge University.

Daniel George, founder of StepEx, said: “With many traditional lending schemes becoming less accessible, debt is a poor solution to this problem, and lending restrictions limit the types of candidates who can apply. Outcome-based finance fixes this and opens up enormous economic opportunities for people who would otherwise be priced out of the kind of courses that unlock significantly higher earning potential.

“We are pleased to see that the UK Government is putting emphasis on the importance of upskilling in their recent Levelling Up White Paper and with the move from the big players in the IT boot camp world moving to the UK, we are excited to see what the partnerships can achieve in the UK. We have significantly more in the pipeline and the acceptance of FEAs by bootcamps will accelerate this becoming the way all adult education is priced in the near future.”

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