ENTREPRENEUR OF THE MONTH
Grant Taylor is the co-Founder and CEO of Quotanda, a student Lending-as-a-Service (LaaS) platform. Quotanda provides turnkey student financing solutions for schools, financial institutions and governments. It is the first global, multilingual, multi-currency student lending platform. Quotanda works mostly in Latin America, where it’s committed to help students with high potential to access education that might be beyond their reach, financially.
Grant was raised in Washington State. LatinSF chose Grant as entrepreneur of the month, not only for his innovative solutions for education financing, but because he chose to base his company in Mexico City. The booming tech scene Mexico is attracting many foreign founders and Grant’s a good example. Grant manages Quotanda from its office in Mexico City, where he has lived for the last four years.
Quotanda also has offices in Barcelona, where the company started work financing students at IESE Business School. The company offers schools and lenders a loan marketplace and white-label, Lending-as-a-Service (LaaS) platform that enables organizations, such as schools, lenders, foundations and government agencies, to quickly launch and efficiently manage student financing programs (loans and/or scholarships). The company now has clients in 9 countries in Latam and Europe and has helped hundreds of students get access to an education that might have otherwise been unattainable. Quotanda has originated financing for students from 17 countries and 55% of these borrowers had no other financing option. Some of the schools Quotanda works with have been able to double their enrollment rates by providing student financing options powered by Quotanda.
Quotanda offers a comprehensive, digital solution for its partners including: customized, mobile-enabled loan leads and full loan and scholarship origination with automated, algorithmic, risk-priced credit decisions using alternative data, as well as extended loan servicing, default management and reporting.
Research shows California has been able to generate strong long-term benefits of student financial aid on both educational and labor force outcomes. Quotanda is excited to announce it has closed its first government deal with a state in Mexico and will be helping it to expand access to education. In Mexico, only 2 percent of college age youth has access to financing for education. Quotanda plans to continue working with schools, financial institutions, foundations and governments around the world to help expand access to education. This April, Quotanda participated in the LendIt Fintech Conference in San Francisco. He later convened with LatinSF to explore Quotanda’s expansion in the US.
As Grant puts it, “Education is critical to the development of individuals, economies and society. We are excited to see the tremendous outcomes for students that we are helping to get access to quality education. We are passionate about making these benefits available not just to Americans, but to the rest of the world as well. The top predictor of students’ educational attainment is that of their parents, so our work will benefit not just current students, but their children as well.”
Grant has an MBA from IESE Business School in Barcelona and previously worked in venture capital, fund of hedge funds and as a consultant. Grant has a liberal-arts degree from Colgate University and grew-up in Seattle, WA. If you want to learn more about Grant and Quotanda, please visit the following links:
• LinkedIn Grant Taylor: https://www.linkedin.com/in/grant1taylor/
• Quotanda webpage: https://quotanda.com/
• Miami Herald Article on Grant and Quotanda: https://www.miamiherald.com/news/business/biz-monday/article3365825.html