Rohit Gajbhiye, CEO
Financepeer is a Google-incubated education fee financing company, founded by IIT/IIM alumni. The company pays the entire year's fee to the institution upfront, enabling students/parents to manage funds efficiently and collects fees from parents in 3 to 12 monthly installments with no hidden charges.
Financepeer, one of the fastest-growing edu-fintech startups, has witnessed 10x growth in the last year. The company has partnered with more than 10,000 educational institutions with a Pan-India footprint, to deliver affordable fee financing solutions, edu-tech content, and fee payment solutions. Founded in 2017 by seasoned alumni from IIT/IIM/Stanford, Rohit Gajbhiye, Sunit Gajbhiye, Naveesh Reddy and Debi Prasad Baral, Financepeer is one of the first players in this space catering to both offline and online education providers including pre-schools, K-12, colleges, universities, offline test prep, ed-tech and skilling.
There are over 362 million students in India, who spend more than $216 billion annually on education. The average Indian household spending on education and skilling has seen a significant increase over the last few years. However, access to credit from formal financial institutions eludes this segment. Financepeer offers various digital-enabled financing solutions through institutional partnerships to students seeking credit support for fee payment. With continuous innovation in services and digital technologies, the company aims at providing holistic educational ecosystem for the students
We are thrilled to back Rohit, Naveesh, Debi, Sunit and the team. FinancePeer's quest to leverage financial technology to deliver on important socio-economic and development objectives is more important today than ever. We were thrilled by the audacity of their vision, the energy, commitment and depth of the team, and the traction they are poised to drive in the marketplace. We can't wait to see what they will achieve next.