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 as he was an international postgraduate student who experienced challenges funding his degree. 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 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 these lenders, with the solution being to transform the way financial institutions assess risk.
Prodigy Finance has since revolutionised international postgraduate student loans, changing the world by addressing the social and geographical inequalities that exist when accessing finance. Disrupting the traditional funding market, loans are collectively funded by institutional investors, qualified private investors and a community of alumni, 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$538 million in loans to over 11,200 students around the world.
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 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.