Education financing platform Pravaler raised $75M in Credit Rights Investment Funds (FIDCs), totaling $123.6M in funding this year. This latest issuance included a principal FIDC with over $189.5M in offers, with senior series earning AAA ratings from S&P Global Ratings and Fitch Ratings.
Pravaler helps Brazilian students access higher education by offering student loans, partnering with over 500 educational institutions, and holding 80% of the private student financing market.
Prevaler will use the funds to expand access to student credit across Brazil, focusing on fields like Medicine where demand has risen 250% since 2022.
“We are a social mobility enabler, allowing students to achieve their dream of higher education at their chosen institutions with better future employability,” said Haroldo Carvalho, CFO of Pravaler.
Founded in 2001, Pravaler has disbursed over $1.7B to the education sector in Brazil, and its network of partner universities includes Estácio, Universidade Anhembi Morumbi, and Universidade Cruzeiro do Sul.
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