Edu Fintech startup Financepeer has announced that it has surpassed 1 million mark in education fee financing disbursals at zero cost EMI. The startup, which began its operations in 2017, said it has presence in over 55 cities in India now.
Around 45% of the company’s tally has been added during the pandemic. The company has received funding of $4 Million during the last 2 years of which $3Mhas come recently.
Talking about the achievement, Financepeer co-founder Rohit Gajbhiye said, “Within a short span of time Financepeer has become synonymous with Education fee financing. We feel honoured to have reached the 1 million mark and are all set to add value to more than a million lives by the end of 2021. Our growth trajectory has been phenomenal and we are penetrating in all parts of the country. Along with the fee financing we are also expanding our product portfolio and are foraying into digital learning that has become the key imperative of the education industry”.
Sunit Gajbhiye, Co-founder, Financepeer shared “It really feels great to achieve this milestone of helping so many children to smoothly continue their education. We have been continuously on the growth path since inception. The education sector was under huge pressure and several schools even shut down due to the financial crunch. Our model extends support not only to parents but to schools as well. Through our model, the schools have enough funds to enhance their infrastructure thus enhancing quality of education for all
Founded in the year 2017 by Rohit Gajbhiye, Sunit Gajbhiye, Naveesh Reddy and Debi Prasad Financepeer is a market leading Edu fintech company that endeavours into education fee financing and provides other edtech services while envisaging access to quality education to the masses and looks forward to spearheading a revolutionary impact for millions of people . It pays the entire year’s fees upfront to the school on behalf of the parents while facilitating them to repay it in easy EMIs. The three to twelve-monthly installment option facilitates access to quality education for children at the bottom of the pyramid. The company also offers free insurance to secure holistic education for the students.