GrayQuest

GrayQuest's site offers "Options to convert Annual Fees into Zero Cost EMIs," with "Instant Reconciliation with Your Educational Institute" and "WhatsApp based reminders."

"Upfront cashflow from GQ on behalf of parents — Allows parents to pay in instalments but we give you the full payment upfront."

"No more chasing the parent, every month, for timely fee collection. Set up auto debit."

"One payment platform with 8+ payment options — Give parents a rewarding experience by allowing multiple easy payment options."

GrayQuest's site states: "If you are a parent/guardian of a student studying in our partner Institute or if your Institute name is available in our application form, you are eligible for the plan."

GrayQuest serves "over 6,500 institutions across K-12 and higher education" via its GQ for Institutes product.

Podar Education Network CFO Adhar Samria: "we decided to pilot GrayQuest's product in 3 of our schools more than 5 years ago when we first heard about their concept — becoming their 1st school customer. Since the pilot, we have seen GQ grow multifold in terms of their product capability, service and eventually impact."

Ryan International Group CEO Ryan Pinto: "GQ has proven to be fantastic at our school. Fee collection became super easy. Also, we love using their dashboard."

Separate sign-up and login flows for parents ("Explore GQ for Parents") and institutes ("Explore GQ for Institutes") on grayquest.com.

Parents are kept "informed and never miss a payment with our user friendly and cost-effective options, coupled with convenient payment reminders" delivered via "WhatsApp based reminders."

Site call-to-action: "Let's transform your institute's fee-collection process today! ... Schedule a demo."

For institutions, GrayQuest "delivers a full-stack SaaS platform that enables educational institutions to digitise fee collection and offer secure online payments."

GrayQuest is "an integrated fee collection platform for educational institutions which enables parents to pay annual education fees in flexible monthly installments with zero interest."

GrayQuest's own "Our Lending Partners" page lists: Axis Finance, Arka Fincap, Western Capital, Fintree Finance, Ratnaafin, Mirae (Mirae Asset Financial Services), Tata Capital Limited, CSB Bank Limited, and Faith Financial Services.

"Mirae Asset Financial Services, the NBFC subsidiary under the Mirae Asset Financial Group has partnered with GrayQuest" to let parents "convert their child's annual or term fees into up to 12 no-cost EMIs."

Institutional backers include Pravega Ventures, IIFL Fintech Fund and Claypond Capital (family office of Manipal Group's Ranjan Pai), per GrayQuest's Series A and Series B funding announcements.