Nomad Credit

What Nomad Credit does

Nomad Credit is a fintech marketplace that aggregates education loans from 20+ lenders — spanning US banks (Earnest, Sallie Mae), Indian banks (ICICI Bank, IDFC First Bank), Indian NBFCs (Credila, Avanse, Incred, Auxilo), and international lenders (MPower, Prodigy Finance) — and routes Indian students pursuing study abroad programs to suitable financing options. The platform serves students targeting undergraduate and graduate programs across 9+ countries (US, UK, Canada, Australia, Ireland, Germany, France, New Zealand, UAE), supporting both collateral and no-collateral, cosigner and no-cosigner loan structures. The core technology is a web-based loan aggregation and comparison platform featuring a Loan Finder eligibility checker that matches students to lenders based on course, country, collateral, and cosigner profile, complemented by a dedicated Partner Portal for the 1,400+ study abroad consultant channel.

The business model is commission-based: Nomad Credit earns affiliate/referral fees from lenders on disbursed loans (with NBFC processing fees ranging 0.5%-1%+GST and Indian bank flat fees like INR 30,000+GST passed through), shares up to 3% of disbursals with channel partners as commission, and may earn referral fees from universities. All student-facing services — eligibility checking, loan comparison, application guidance, visa consultation — are offered free of charge. GTM combines product-led growth (self-service online tool, SEO/content marketing across 100+ indexed pages, social media) with sales-led inside-sales (loan advisers on phone/WhatsApp) and channel partner distribution (consultant network earning commissions).

The company has expanded from a pure loan marketplace into an adjacent student financial services suite including admissions consulting, scholarship search, a Thomas Cook-partnered Study Buddy multi-currency forex card, US credit cards, banking, and refinancing services. Founded in 2017, headquartered in Chicago with operational and registered offices in Mumbai, the company has processed ₹10B+ in cumulative loan volume across its 51-100 employee base. No venture funding rounds are disclosed in available sources, suggesting bootstrapped or internally financed growth.

Name

Nomad Credit

Legal name

Nomad Credit, Inc.

Website

https://nomadcredit.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Nomad Credit is a fintech marketplace aggregating education loans from 20+ lenders for Indian students pursuing study abroad programs across 9+ countries, earning affiliate commissions on disbursals while offering free loan matching and application support.

Ownership category

akta.pro rank

Product category

Education Loan Marketplace

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310), Activities Related to Credit Intermediation (5223)

SIC

Loan Brokers (6163)

akta.pro primary industry

Student Loan Marketplace Lending (FSAKAHAE)

akta.pro secondary industries

Loans & Financing for International Study (EDAIAOAL), Private Student Loans (Undergraduate & Graduate) (FSAKAEAB), In-School Tuition & Fee Financing (Short-term/Bridge) (FSAKAEAG)

Keywords

• Education loan marketplace
• Student lending platform
• Study abroad financing
• Loan comparison platform
• International student loans

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations

Revenue model

1. Lender Referral Commissions: Nomad Credit earns commission or referral fees from lenders when users accept loan offers and submit applications. The company acts as an intermediary connecting students with lending partners including banks, NBFCs, and international lenders.
2. University/School Referral Fees: Nomad Credit may earn commission or fees from schools or universities when users accept offers or submit applications for admissions services.
3. Partner Commission Sharing: Commissions paid to channel partners (study abroad consultants, agents) who refer students; Nomad Credit retains a portion as platform fee while paying partners up to 3% on loan disbursals

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Nomad Credit operates as an online education loan marketplace that connects students seeking to study abroad with a network of 20+ lenders including US banks, Indian banks, NBFCs, and international lenders. The platform offers free eligibility checking, loan comparison, guided application support, and visa consultation, while also providing related financial products such as forex cards, US credit cards, banking services, and admissions guidance.

Product overview

Nomad Credit is a fintech platform providing a comprehensive suite of financial and advisory services for international students. The core offering centers on education loans through partnerships with 20+ lenders (Indian banks, NBFCs, and international lenders), available in multiple structures including secured, unsecured, US cosigner, and no-cosigner options. The platform also provides admission consultation, scholarship search tools, multi-currency forex cards, US credit cards, and banking services. Supporting tools include a loan eligibility finder, CGPA/GPA converters, and a college finder. A Partner Portal enables education consultants and agents to track applications and earn commissions. The platform processes over ₹10 Billion in loans across 9+ countries, operates 100% online with no appointments required, and offers free visa consultation after application.

Differentiator

Problem solved

Functional benefit

Brands

• Study Buddy Forex Card: Multi-currency forex card for students studying abroad, offered in partnership with Thomas Cook, supporting up to 12 currencies with features like free ATM withdrawals, lounge access, and ISIC card.

Quantifiable outcome

• ₹10 Billion+ in loans processed across 9+ countries
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Thomas Cook (Study Buddy Forex Card)minorStrategic or Co-development PartnerThomas Cook provides the Study Buddy Forex Card offered to Nomad Credit students. Card supports 12 currencies with features including free ISIC card, airport lounge access, free SIM card, and ATM withdrawals. Load limit up to USD 250,000 per financial year under RBI LRS.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Earnest: US-based online lender offering student loans with US cosigner option at competitive rates; competes for the same end borrower via direct channels and also distributed through Nomad Credit.
• ICICI Bank: Major Indian private-sector bank with a dedicated education loan product for study abroad; distributes through its own branch network and digital channels, competing for the same borrower segment and also a Nomad Credit lending partner.
• IDFC FIRST Bank: Indian private-sector bank offering education loans as part of its broader retail lending portfolio; competes for Indian outbound students and is also listed in Nomad Credit's lender network.

Direct peers

• Avanse Financial Services: Indian education-focused NBFC offering secured and unsecured study abroad loans; competes directly for the same borrower profile and is also distributed via Nomad Credit.
• MPower Financing: No-cosigner, no-collateral international student lender that funds students based on future earnings potential; directly comparable to Nomad Credit's no-cosigner product category and listed as a partner.
• Prodigy Finance: International student loan lender offering no-cosigner and cosigner products to students at listed universities; also a Nomad Credit lending partner, making it both competitor and supply-side partner.
• Auxilo Finserve: Indian NBFC focused on education financing for domestic and international studies; directly overlaps with Nomad's collateral and no-collateral loan offerings and is also a listed lending partner.
• Credila (HDFC Credila): Indian NBFC specializing in education loans with both collateral and no-collateral options; competes for the same Indian student studying abroad while also being a Nomad Credit lending partner.
• Incred Financial Services: Indian NBFC providing education loans for study abroad with collateral and no-collateral variants; competes for the same customer segment while also distributing via Nomad Credit.
• Leap Finance: Closest direct competitor — also serves Indian students pursuing education abroad with a blend of loan products and financial services, often offering both lending and co-lending capabilities alongside a marketplace model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nomadcredit
• YouTubeyoutube.com/@nomadcreditedu
• Facebookfacebook.com/nomadcreditedu
• LinkedInlinkedin.com/company/nomadcreditedu
• Instagraminstagram.com/nomadcreditedu

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nomad Credit