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Financepeer Solves Problems for Parents and Educational Institutions with Fee Funding

Bombay (Maharashtra) [India], September 1: Modern times have brought many challenges to the entire education ecosystem. Over the past two years, the entire education sector has struggled to overcome the anomalies induced by the pandemic. Schools and parents have experienced the stress of the flow of funds which has disrupted the entire ecosystem like never before. On the one hand, a quality education of the child is a priority for the parents, while on the other hand, the payment of fees becomes difficult for them. Also, for educational institutions, fees remain the main source of funding that has been afflicted. The jittery movement of liquidity creates friction in their overall operations, which eventually affects their performance and reputation.

To solve fee payment issues, Financepeer, the leading fee payment solution provider in India, has revolutionized education finance in India with its disruptive AI-powered fee funding model. Financepeer provides the EMI fee-free and interest-free fee payment solution all over India. This unique Financepeer funding model allows institutions to receive a 100% fee at the start of the academic session and facilitates a cost-free, interest-free IME for parents. Financepeer also offers the free insurance facility to the students which gives them security to continue their studies.

The company has so far provided fee finance solutions to over 2 million students and is rapidly expanding its base in India. Since the pandemic, Financepeer has recorded 10x growth and become the fastest growing edu-fin-tech company in India.

The company’s unique model has helped reduce school dropout rates and enabled thousands of students to continue their education. Additionally, it has been instrumental in helping the education system avoid collapse in the absence of working capital.

Sharing his vision for the growth of tuition finance across India, Rohit Gajbhiye, Founder of Financepeer, said, “We envision addressing the persistent issues that have plagued the Indian education system for a very long time. Making quality education accessible to the masses remains our primary goal. We are strengthening our partnerships and deepening reach across India with a focus on tie2,3 and rural areas to enable more students to access quality education. We intend to keep the juggernaut of social transformation in education running and help education reach the underserved, especially girls and children with special needs, through infrastructural interventions at the local level”.

Sunit Gajbhiye, co-founder of Financepeer, added, “The fee financing model has facilitated many schools and parents over the past few years and we want children’s education not to suffer from financial hardship. We are increasing our reach in all regions of the country so that more and more institutions as well as parents can take advantage of the fee financing facilities”.

Financepeer is a leading fintech company that offers an innovative and one-of-a-kind tuition payment solution where the parent can pay their tuition fees in installments at no additional cost, eliminating the burden on parents of make bulk payments. The Financepeer platform envisions making education accessible to the masses and looks forward to leading a revolutionary impact for millions of people.

Financepeer is already operational across India with a network of over 10,000 educational institutions and provides fee finance facility to over 2 million students. Some of the major names associated with Financepeer are Amity University, DY Patil Institute, Jain Group of Institutions, etc.