GUWAHATI, Feb 2: The major challenge which the education ecosystem is undergoing in today’s times is the shortage of funds. Parents and educational institutions have both felt the increasing strain of the flow of income, resulting in disruption across the ecosystem in ways never seen before. For education institutions, fees remain the primary source of funds that have been distressed. This disturbance further hampers their overall operations which eventually reflects on their performance and reputation.
To solve the problem of fee payment, Financepeer, India’s leading Fee payment solution provider, has introduced an innovative fee payment model at zero cost zero interest EMI across India. This unique financing model by Financepeer is enabling the institutions to receive a 100 percent fee at the beginning of the academic session and facilitates a no-cost and zero-interest EMI for parents.
Speaking about the expansion, Rohit Gajbhiye, CEO and founder of Financepeer, said, “Our vision is to make quality education accessible to the masses. We are getting encouraging responses from education institutions and parents of Assam which further substantiate our expansion plans. We have already tied up with several institutions in key cities of the state and northeast region and are expanding to other cities too. This facility helps education institutions to get the entire fees at the beginning and they don’t have any shortage of funds to operate. Fee financing has proven to be a win-win for both parents and institutions”.