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| Funder | Innovate UK |
|---|---|
| Recipient Organization | Step Exchange Limited |
| Country | United Kingdom |
| Start Date | Apr 30, 2021 |
| End Date | Oct 31, 2022 |
| Duration | 549 days |
| Number of Grantees | 1 |
| Roles | Award Holder |
| Data Source | UKRI Gateway to Research |
| Grant ID | 10004493 |
StepEx is a UK-based SME specialising in student financial services.
The core team consists of Daniel George, Henry George, Ariane Bouche and Nigel Glaister, whose skills and experience have enabled them to design a service that has far-reaching benefits for the UK economy and education sector. The COVID-19 pandemic has had a detrimental impact on the global economy, with unemployment hitting record levels.
The UK has also seen a drop in higher education enrolment rates, which has only exacerbated the problem. Unfortunately access to higher education is often only possible for the wealthy.
StepEx is offering regulated outcome-based consumer credit that will ensure people from a low socio--economic background can obtain qualifications, which, in turn, will improve the current skill shortage. StepEx proposes a year-5 post-project revenue of £40m+.
Step Exchange Limited
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