Lumni: International company acquires St. Louis higher education startup

Lumni, an international financial technology company focused on college affordability and accessibility, announced it has acquired Base Capital, a St. Louis startup that provides income share agreements for college students. Lumni acquired Base for a mixture of cash and stock, according to a press release. Terms of the deal were not disclosed. Founded in 2002, Lumni has originated and serviced nearly 10,000 income share agreements, or ISAs, throughout Colombia, Mexico, Peru, Chile and the U.S. ISAs,...