Founder and CEO, Prodigy Finance
Cameron Stevens is a serial entrepreneur who focuses on social entrepreneurship and early stage technology investing.
He came up with the idea of Prodigy Finance in 2005, lamenting over a beer about the challenges faced by international postgraduate students in financing business school. Cameron knew his INSEAD classmates were ideal candidates for low interest loans. Most had exceptional credit track-records in their home countries and were successful prior to commencing postgraduate studies. He recognised that while this may be the case; traditional lenders use credit history to assess risk which varies from country-to-country, and is rarely transferable. The issue was in the assessment metrics and process used by traditional lenders, with the solution being to transform the way financial institutions assess risk.
Prodigy Finance has since revolutionised international student loans with a borderless credit model available to 150 nationalities. Disrupting the traditional funding market, loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive a financial and social return; while the student borrower gains access to higher education that they might not otherwise be able to finance. To date, Prodigy Finance has funded more than US$250 million in loans to over 6,200 students globally, with repayment rates in excess of 99%.
Prior to Prodigy Finance, Cameron co-founded a corporate advisory firm in South East Asia, which successfully listed a technology company on the Malaysian Stock Exchange. He also founded a 30-person staffing company in the events industry, which helped upskill the unemployed.
In his personal capacity, Cameron is a chilli fiend, street food aficionado, bookworm, planespotter and relentless traveller. He holds a Bachelor in Business Science (Finance Hons) from the University of Cape Town and an MBA from INSEAD.