Financepeer

Financepeer pays the entire year's fees upfront to the school in one installment and collects the fee back from parents in 3 to 12 monthly installments at zero interest and zero cost to the parent.

Schools and colleges receive full-year fees in one upfront installment while Financepeer takes on the task of collecting monthly instalments from parents.

Parents of students who need to pay school, college or institute fees in instalments rather than a lump sum.

Pre-schools, K-12 schools, colleges, universities, offline test-prep, edtech and skilling institutes that are registered on the Financepeer platform.

Financepeer has partnered with over 10,000 educational institutions spanning 100 cities to deliver its fee financing, content and fee payment solutions.

Pays a student's entire year fees upfront to the school in one installment and collects fees back from parents in 3 to 12 monthly instalments at zero interest.

Financepeer partners with over 10,000 educational institutions spanning 100 cities, from pre-schools and K-12 to colleges, universities, test prep, edtech and skilling institutes.

LEO1 (formerly Financepeer) is described as a Google incubated and RBI governed NBFC headquartered in Mumbai.

Financepeer launched the UVA Card, a numberless dual-interface prepaid card powered by Visa, letting institutes, parents and students pay/receive fees, withdraw cash and make POS/e-commerce payments to enable cash-free campuses.

Financepeer was incubated by Google Launchpad in July 2020.

Financepeer levies a nominal fee on its educational partners for facilitating the loan process and ensuring timely payment collections, while the service remains free (gratis) for students.

An additional revenue stream arises from occasional processing fees for loan applications.