Lumni

Lumni is a social impact fintech company that provides educational financing to students in Latin America, including Mexico, through Income Share Agreements (ISAs). The company designs and manages investment funds that invest in the education of diversified pools of students who lack traditional means to finance higher education. Under Lumni's ISA model, students receive funding to cover their tuition and educational costs at higher education institutions, including universities, technical schools, and bootcamps. In exchange, students agree to pay a fixed percentage of their income, typically between 10-14 percent, for a predetermined period of five to six years after graduation. The student's payment obligation ends after the specified time period regardless of the total amount paid, eliminating the risk of burdensome debt. This model transfers investment risk from students to investors who can better diversify it. Lumni operates investment funds across multiple Latin American countries including Chile, Colombia, Mexico, Peru, and the United States. The company primarily serves low-income students who are often the first in their families to attend college. To date, Lumni has financed nearly 10,000 students and mobilized over 46 million USD in capital from more than 200 investors. The company has received recognition from organizations including the World Economic Forum, Clinton Global Initiative, Inter-American Development Bank, Ashoka, and Endeavor. Lumni partners with educational institutions to provide both financial support and academic assistance to students. The company is headquartered in Key Biscayne, Florida, with operations across Latin America including Mexico City.