Lumni Acquires Two Companies That Provide Income Share Agreements | EdSurge News

Edtech Business

Lumni Acquires Two Companies That Provide Income Share Agreements

May 8, 2018

IT’S AN ISA: Lumni, a company that issues income share agreements (ISAs) to college students, has acquired two companies, Base Capital and Paytronage, both of which also provide ISAs to college students. Instead of having a student pay tuition upfront or take out loans, the financing model instead takes out a percentage of a student’s paycheck after they graduate and land a job. Financial details about the transactions were not disclosed for both deals. Lumni has offices in the United States, Colombia, Chile and Peru.

Edtech Business

Lumni Acquires Two Companies That Provide Income Share Agreements

May 8, 2018

IT’S AN ISA: Lumni, a company that issues income share agreements (ISAs) to college students, has acquired two companies, Base Capital and Paytronage, both of which also provide ISAs to college students. Instead of having a student pay tuition upfront or take out loans, the financing model instead takes out a percentage of a student’s paycheck after they graduate and land a job. Financial details about the transactions were not disclosed for both deals. Lumni has offices in the United States, Colombia, Chile and Peru.

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