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Ricardo Fernandez discusses the future of Prodigy Finance on Wharton Radio

Prodigy Finance - February 16, 2017

Ricardo Fernandez discusses the future of
Prodigy Finance on Wharton Radio

Prodigy Finance has been growing exponentially over the past several years. And, according to the Ricardo Fernandez, Prodigy Finance’s Head of Business Development, it’s not going to stop.

Speaking to the hosts of Dollars and Change, Ricardo shared the history of the company, its growth, and some of the products being considered for the future. Among them the possibility of extending loans to other prominent fields, including medicine.

New loans in the future?

ManagementTeam_Ricardo.jpg
Ricardo Fernandez

Prodigy Finance, Head of Business Development

While loans for international medical students clearly falls under the social developments that Prodigy Finance hopes to effect, providing the funds isn’t as straightforward. Ricardo explains, investors need “to be comfortable not receiving any dividends, or any coupons, for four to six years… With an MBA running for between one and two years, an investor can wait 18 months, or 24 months, before receiving their first coupon. But for medical degrees, we need to crack another kind of investor that is really thinking long term.”

It’s something the Business Development department is working to crack, just as Prodigy Finance did with MBA financing ten years ago. Tough doesn’t mean impossible - as demonstrated by the ability to grow an international financial company in the midst of a recession. 

Ricardo also cites the example of new markets and borrowers taking loans to attend top schools – an experience many would have foregone based on their nationality and historical salary. 

Creating impact across the globe

Loans for medical students weren’t the only possible products discussed on the programme. Nor, was continued growth the only topic. Ricardo offered a glimpse into the number of startups created through Prodigy Finance-funded students and to the cycle of development created when students from developing nations return home to impact the countries that need it most.

Listen to the full programme to learn more about where Prodigy Finance is now – and where we’re headed in the future.  

This product may have limited or no liquidity and you may find it difficult or impossible to realise the value of your investment. Your Capital is at risk, be aware that by investing in this product you may lose some or all of the money invested. You have limited recourse to the issuer of the security, no recourse to the borrowers, and there are other risks including those relating to the default or insolvency of the issuer who is not an authorised or regulated firm.

This product is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest once you are registered as a high net worth investor or a self-certified sophisticated investor and have completed a suitability questionnaire prepared by Prodigy Services Limited.

Prodigy Services Limited promotes offers of securities for third party issuers to eligible investors. Prodigy Finance loans are offered to eligible borrowers who are studying outside of their country of residence and the loans are governed by English law. Prodigy Services is an Appointed Representative of BriceAmery Capital Limited which is authorised and regulated by the Financial Conduct Authority. Prodigy Finance is authorised and regulated by the Financial Conduct Authority for certain consumer credit activities and for investment activities. Prodigy Finance Limited and Prodigy Services Limited are incorporated in the United Kingdom with registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD. This document has been issued by BriceAmery Capital Limited as a Financial Promotion under Section 21 of the Financial Services and Markets Act 2000. PSL_30012017_B_WR_CAT4


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