Avanse Financial Services, an India-based education-focused financial company, has raised about $15m from World Business Capital, a US-based financial institution, according to news provider DealStreetAsia.
The financing is backed by a guarantee from US International Development Finance Corporation (US DFC) under a social impact funding for female empowerment, 2X Women’s Initiative.
In July, private equity firm Warburg Pincus led Avanse’s prior round.
