Henry picks up cash to be a Lambda School for Latin America
The Henry team.The company claims that there’s an estimated 1 million software engineering job openings in Latin America, but fewer than 100,000 professionals that have training suitable for those roles.Lambda School’s ISA terms ask students to pay 17% of their monthly salary for 24 months once they earn $4,167 monthly.Henry asks students to pay 15% of their monthly salary for 24 months once students earn $500 a month.
For that reason, Henry has created a database of alumni resources, including up-skilling and reskilling opportunities in the latest skill, which will be free of charge for graduates.
About four Henry graduates have been employed by the startup.
Microverse, also funded by Y Combinator, is similarly using income-sharing agreements to bring education to the masses in developing countries, including spaces in Latin America.
Henry, alternatively, focuses on Spanish speakers, over 60% of its market in Latin America.
What if Lambda School, the source of Henry’s inspiration, was to break into Latin America.Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina.