Knoma secures additional USD $4 million in investment

An innovative ‘knowledge marketplace’ that aims to encourage lifelong learning has secured an additional USD $4 million in equity investment to advance its use of open banking data and drive international growth. 

In 2020, Knoma helps people finance and find the right courses to advance in their career or start new ones. Providing an ethical finance solution that enables learners to spread course fees over a 12-month period with zero added costs or interest, Knoma makes the professional development that is so vital to get – and stay – ahead in our changing world both accessible and affordable.

Described as the “ethical Klarna” for education, Knoma is already working with over 100 education partners, including Emeritus, upGrad and Ironhack, who benefit from its unique, ethical ‘buy now, pay later’ financing scheme.

Knoma has funded over 1000 people. Now, Knoma wants to leverage the power and data of LinkedIn and open bank data to make sure users get the best ROI. The company also wants to expand its reach worldwide with an eye on Australia.  

Knoma secured an additional USD $4 million equity investment from Fasanara Capital and Rocket Internet to help finance its growth and advanced use of data and technology. 

This follows a USD $27 million debt financing raise from Fasanara Capital and previous equity rounds by Rocket Internet or Global Founders Capital.

Discussion of the most recent investment round and plans to grow internationally. Brett Shanley is the CEO of KnomaIt was said: “I am extremely passionate about the importance of lifelong learning for both individual and economic development, yet affordability and accessibility serve as continuous blockers to professional growth.

Knoma was created to help overcome these difficulties through our unique finance solution. We have formed partnerships with more than 100 education providers in just a few months and have funded over 1,000 people. 

We have high ambitions to develop our tech stack, use of open bank data, and ensure that we can positively impact individuals’ lives around the globe. I am, therefore, incredibly excited to have secured this next stage in equity investment and am very grateful to be working with such credible investors, not to mention the entire Knoma team.”

Knoma, a London-based company, has 15 employees. Their mission is to increase access to education and reduce the skills gap. 

The company has raised USD $33 million of funding to date.

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