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5 FinTechs Enabling Children’s Education Dreams in India

By Gloria Mathias

January 24, 2025

  • BNPL
  • Buy Now Pay Later
  • Education
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Education, Savings, Tuition Fee Payments, BNPL, Buy Now Pay Later, Flexible Payments, GyanDhan, Finwego, January 24 marks International Education Day, a momentous occasion proclaimed by the United Nations to recognise education’s vital role in fostering peace, development, and equality. Established in 2018, this day underscores the global community’s commitment to ensuring inclusive and equitable education for all—a key goal within the UN’s 2030 Agenda for Sustainable Development.

In a rapidly developing nation like India, education is not just a tool but the cornerstone of economic progress and societal transformation. With a burgeoning population striving for knowledge-driven opportunities, financial constraints often pose significant challenges to students and families. Here, FinTech companies are stepping up as enablers of change. Through innovative solutions like education loans, fee management systems, remittance platforms, and savings tools, they are dismantling financial barriers and expanding access to quality education.

As India aspires to become a global economic powerhouse, prioritising education is non-negotiable. Education fuels innovation, nurtures skilled talent, and paves the way for equitable growth, empowering individuals and communities alike.

5 FinTechs in India are revolutionising the education sector, creating pathways for a brighter future: 

Eduvanz has redefined education financing with its zero-cost EMI loans, enabling students to fund their education without upfront costs or high interest rates. Whether it’s a vocational course, higher education, or a professional certification, Eduvanz ensures quick approvals and hassle-free access to funds. The firm specialises in loans for skill-development courses, empowering learners to pursue future-ready careers, particularly in tech and emerging industries.

GrayQuest transforms fee payment processes for schools and parents by offering no-cost EMI options. Families can spread tuition fees over manageable instalments, reducing financial strain. It has enabled partnerships with over 5,000 institutions across India, ensuring accessibility for students from diverse backgrounds.

Finwego specialises in financing solutions for the entire education ecosystem, including schools, teachers, and parents. Its offerings range from working capital loans for schools to installment-based fee payment plans for families. Focused on tier-2 and tier-3 cities, Finwego drives financial inclusion in India’s underserved education sector.

GyanDhan is India’s premier education financing marketplace, committed to making higher education accessible to every deserving student. GyanDhan is focused on enhancing access to education financing for Indian youth. As a data-first company, GyanDhan provides comprehensive financial services for both overseas and domestic education loans, including upskilling and short-term courses.

Propelld is a series-B-funded FinTech company that enables flexible financing solutions through fully digital journeys for learners pursuing education programs at vetted partner institutions. With vertical expertise in the education segment, Propelld provides tailored financing solutions for various educational programs. It goes beyond traditional credit parameters to focus on students’ learning capabilities and employment potential to assess their eligibility for a loan, all backed by an agile tech infrastructure.

Also read: Global Lending Vendors & Landscape Report Q4 2024

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