Financepeer

In today’s world, almost all educators, majorly in developing nations, work on improving the quality of education via various means like infrastructure expansion, digital & innovative Edtech developments & partnerships, different facilities & faculties, etc. But with quality, the price point of education also increases. Due to this price point, only children from wealthy families can access this education. These wealth backed children would anyway 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. To cater to this audience, Rohit Gajbhiye, Naveesh Reddy, Sunit Gajbhiye and Debi Prasad Baral launched Financepeer in 2017. 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. How it works? 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 12 monthly installments from parents that too at Zero Interest & Zero Cost.

Financepeer – Business Model and Revenue Model

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. 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.