Edtech platform Bcas has closed a €17M round, spearheaded by MyInvestor and Actyus (Andbank Group’s venture debt fund). The capital will be used to reinforce Bcas’s position in Spain and expedite its international expansion.

Founded in 2021 by Bosco González del Valle, Javier Ausín, and Manuel Avello, Bcas is a flexible student finance provider. The company offers help and support to get money through search, application, processing, and collection of scholarships for study, embedded with installment payment and pay-later facilities, enabling students to focus on their studies.

In just two years, the platform has provided over €8 million to more than 1,500 students, making it Spain’s leader in ISA funding. The company collaborates with over 60 educational institutions, including Ironhack, The Bridge, ISDI, ThePower, 4Geeks, UNIR, EIP, and HACK A BOSS, among others.

The European Investment Fund (EIF) has backed Bcas with guarantees for its €30 million vehicle. This agreement aims to support the training of 7,000 students in high-demand skills for the job market, irrespective of their socio-economic background.

Co-founder and CEO Bosco González del Valle commented: “This is a significant milestone for our company. Establishing our first partnership with a bank provides us with direct access to funding. All the funds will be allocated to paying educational institutions and, in turn, supporting our continued growth.”

“Bcas has developed a ‘scoring’ system that has enabled us to finance over 1,500 students in just two years. We are already seeing our students securing better job opportunities. The EIF and Bcas share a common vision, and through this collaboration, we aim to support over 7,000 students in the coming months, mobilizing up to €30 million. This is, undoubtedly, the most significant milestone we have achieved to date,” added co-founder and COO Javier Ausín.