To Cater the pain point of parents who are not able to pay the entire fees upfront. Such parents want to have the EMI option for school fees or any other curricular activity. Education for children, being the priority for all parents, it is necessary to have timely payments. Since the category of the mass are people who do not have enough savings to pay School Fees upfront in 1 or 2 installments, but they can afford to pay fees from their monthly income in EMI’s. The Finance Peer brings the solution for such parents.
The Financepeer business model is simple - it provides Zero Cost, Zero Interest monthly installments to parents to pay their school fees. At the same time, on behalf of the parent, Financepeer pays the entire year fees to the School on Day 1, while charging interest from schools. This way, the School does not face any collection issue and continues improving the quality of education. At the same time, the masses are also able to avail of such quality education.
Financepeer is a Google incubated School (K-12) Fee Financing Company that helps to pay the entire year fees upfront to the School in one installment and collects fees in 3 to 6 monthly installments from parents that too at Zero Interest & Zero Cost (whole interest to be borne by School) and in case of installments of 10 or 12 months under hybrid model, the interest to be borne both by parents and school on sharing basis.
The Financepeer Founders are Rohit Gajbhiye, Naveesh Reddy, Sunit Gajbhiye and Debi Prasad Baral.
"Mumbai based Financepeer is a Forbes acclaimed and Google Launchpad incubated company, founded by IIT/IIM alumni."
These includes big brands like Whitehat Jr, Vedantu, Aakash Institution, T.I.M.E, Resonance Institute, University Of Petroleum & Energy Studies (UPES), Amity University Noida & Pan India, Manav Rachna Group of education Delhi, Whistling Woods International, Pearl Academy, Graphic Era University, Kasiga School, Ajeenkya DY Patil University, Galgotias University , Birla Open Minds International School, Walnut School, Orchids International, Sanfort, Meridian School, Frankfinn Institute, Doon International School, Mussoorie International School, Garden City, TMS, Toppr, AES, DIS, Aptech, Desh Bhagat University Punjab , ARNI University Himachal Pradesh and many more.
All four of our founders are IIT and IIM Graduates with relevant experience in Finance and Technology.
The Audio Video Presentation about Financepeer is as belowClick here