Knoma in an additional £3.1 million equity funding backed by The Venture Collective, Fasanara Capital, Rocket Internet and Global Founders Capital.

Knoma, a London, UK-based operator of a combination of a payment solution and marketplace for educational services, raised an additional financing round closed at £3.1 million ($4M).

The money was raised from investors including Global Founders Capital, Rocket Internet, Fasanara Capital, and The Venture Collective. The deal represents an extension of the £21 million combination of debt and equity secured in 2020.

Knoma, incorporated in 2018 as Higgler Europe by CEO Brett Shanley, developed a digital educational platform that offers users access to up to £10,000 (at zero fees, and zero interest) paid directly to the schools offering the courses. The loans can then be repaid by the student over 12 months. The company says it works with 100 education partners, including Emeritus, upGrad and Ironhack, who benefit from its ‘buy now, pay later’ financing scheme in order to recruit and on-board new students.