Leverage.biz, which runs the popular study abroad platform LeverageEdu, alongside student finance arm Fly Finance and student accommodations wing Fly Homes, has appointed Arjun Mehta as its first CFO. Arjun, previously associated with leading organisations including Revolut, American Express, and Apple, will bring in his wide expertise to drive Leverage’s next phase of growth.  

Founder and CEO Akshay Chaturvedi expressed his enthusiasm, stating, "I have known Arjun for a very long time, and we couldn’t be more thrilled to have him on board as our first CFO. He is a great complement to the rest of the leadership team and brings the kind of discipline that we’d like to have at this stage now. It’s been two weeks since he’s here, and I can already see the different angle he brings into every conversation, so I am of course super excited.."   

Arjun Mehta, the newly appointed Chief Financial Officer stated, "I am excited about working at Leverage Edu and with Akshay Chaturvedi, a visionary in his own right, whose journey I have witnessed closely over the last decade. Leverage is onto a very exciting mission and I am glad to be working with this phenomenal team that Akshay has carefully built over the last few years. Looking forward to helping the company achieve its stated goal of free cash flow this year and then sustainable growth thereafter.” 

Established in April 2017 by Chaturvedi, the start-up has created a technology-driven counseling platform, enabling students from India, Nigeria, and other emerging nations to access globally matched higher education opportunities.  

The company has received support from a combination of globally recognised institutions and individual investors, including ETS Strategic Capital, Shorelight, Blume Ventures, Kaizenvest PE, DSP Mutual Fund, Tomorrow Capital, DSG Consumer Partners, and family offices such as those of Flipkart-founder Binny Bansal, Mankind promoter Rajeev Juneja, and individual operators like Vijay Shekhar Sharma, among others. 

It has raised investments from the family offices of Aloke and Suchitra Lohia, the largest shareholders in Thailand’s publicly listed company, Indorama Ventures PCL. Noida-based start-up has made an investments of Naira 800 million (Rs 8.4 crore) for expanding its services in Nigeria, announced during the G20 summit in New Delhi.