Spanish student-finance fintech Bcas buys Germany's Lendorse in its first deal abroad

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Bcas, a Madrid fintech founded in 2019 by Bosco González del Valle and Javier Ausín, has bought Lendorse, a German firm that structures income share agreements for international students at German universities. It is Bcas's first international operation. Lendorse's co-founders, Bjoern Christian Wolf and Hannah Sharpe, join Bcas to run the German business. Bcas says this makes it the only European platform running such agreements in both Spain and Germany at once, a market that so far appears to have two members.

The model is simple to describe: students take a course without paying upfront and start repaying only once they work and earn above a set level. Alternatively, they can pay in instalments over up to 48 months. In February 2026 Bcas closed a €30 million round of capital and debt, led solely by MyInvestor. The European Investment Fund also backs it, and it works with more than 100 partner schools, including Ironhack, ISDI and The Bridge.

Bcas expects to finance over 11,000 students and deploy more than €40 million in 2026, and targets €150 million and over 30,000 students in 2027. It plans to hire three people for the international push and is eyeing another Southern European country, though Latin America is off the table for now. "We want to be kings of Europe first," said González del Valle, which is an ambitious title to pursue with three new hires.