4Geeks Academy Secures $10 Million in Incentive-Aligned Tuition Financing Capital to Grow Income Share Agreement Program
NEW YORK, June 15, 2021 /PRNewswire/ -- 4Geeks Academy today announced the close of $10 million in growth financing to drive the expansion of their tuition financing programs. The Miami-based company has an international footprint and global reputation for training elite employees in Python and ReactJS, two of the most in-demand programming languages in the industry, also they just recently launched a Machine Learning program which strives to train employees to develop the necessary tools to upskill for the future of AI work. 4Geeks plans to increase access to their programs through the use of Income Share Agreements, which will be more widely available to students in eligible geographies as a result of this capital infusion. These incentive-aligned financing products demonstrate 4Geeks's innovative ethos and dedication to delivering exceptional student outcomes.
4Geeks Academy has partnered with Leif, the ISA Management Platform. Leif works with industry leading education providers who deliver exceptional outcomes to students across a variety of fields. Leif's outcomes-aligned tuition financing solutions include Income Share Agreements which help education providers maximize their program's growth and impact potential.
Marcelo Ricigliano, co-founder and Managing Director at 4Geeks, commented: "Our mission is to transform students of all backgrounds into dynamic and highly skilled engineers and data scientists. Incentive-aligned financing embodies this mission. We chose to partner with Leif because they are the market's only full-service ISA Program Manager, enabling us to secure ISA financing and leverage their best-in-class technology solutions to streamline our origination and program management workflow. Leif's expertise made structuring, launching and financing our ISA program a smooth experience for 4Geeks and our students."
"Leif is committed to partnering with the best education providers across the country and helping them maximize their impact by leveraging outcomes-aligned tuition financing in all its forms," remarked Jeffrey Groeber, CEO of Leif. "4Geeks shares this vision and has an extensive track record of delivering strong student outcomes. For this reason, we were thrilled by the opportunity to partner with 4Geeks and increase access to their education."
About 4Geeks Academy:
4Geeks Academy was founded in 2015 with campuses at Miami Dade College, Caracas, and Miami launching in 2016. What began as an internal project to train new developers flourished into a full-time passion for Marcelo and his co-founder Alejandro Sanchez. Today 4Geeks has +7 campuses spread over the United States, Latin America and Europe and over 1,000 graduates.
About Leif:
Leif is a technology company dedicated to increasing access to quality and affordable education. The company has developed an end-to-end platform that enables the design, origination, and program management of Income Share Agreement programs. As the infrastructure layer that powers the incentive-aligned tuition finance ecosystem, Leif partners with schools to provide students with an outcomes-oriented form of education finance. Leif enjoys the benefit as the market leader based on the following core metrics:
- 20,000 originations
- 200 partner schools
- $300 million in arranged financing
SOURCE Leif
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