NEWS

"We have developed a solution that bridges the gap in the education industry"

By VARINDIA - 2021-06-03

Rohit Gajbhiye, Founder & CEO, Financepeer

The Idea: As a developing nation, improving the quality of education via various means like infrastructure expansion, digital & innovative Edtech developments & partnerships, different facilities & faculties, etc is extremely crucial. But we noticed that with quality, the price point of Education also increases. Due to this price point, only children from affluent families are able to access this education.

These wealth-backed children would anyways get exposure and access to quality education facilities, even outside local schooling. But what about the children at the bottom of the pyramid? They constitute the mass of the population in a developing nation! Due to the price point, this mass does not get access to Quality Education. It is only when this mass has access to Quality Education, will there be a real impact of education on society. This is Financepeer’s firm belief and area of operation. While working on creating socio-economic impact models in education Financepeer was incubated.

Innovations & Services

Financepeer provides: Fee collection relief- Financepeer helps schools/institutes by paying the entire year fee upfront and the parents by giving them an option to repay in up to 12 EMIs at 0 interest, 0 costs, 0 hidden charges.

Secure holistic education through 100% fee insurance to the students so that no child's education is affected during these trying times Digital teaching and learning solution to schools and parents to bridge the gap between traditional classroom learning and digital learning.

Apple device financing to students to provide them a convenient and hassle-free way to purchase laptops, ipads, iPhones, etc. for their online learning needs.

GTM: We have developed a solution that bridges the gap in the education industry and are working towards adding more benefits to build a robust product. The fee financing solution has the potential to transform the entire education sector in low and middle-income countries. We have already expanded pan India and are currently serving over 1.5 million parents and 7000 plus education institutions.

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