5 FinTechs offering flexible BNPL options to students in MEA

By Gloria Methri

Buy Now, Pay Later (BNPL) is gaining traction in the education sector across the Middle East and Africa. This financial model empowers students to access education by allowing them to distribute costs over manageable installments without taking on traditional credit lines. It offers a win-win scenario: students gain financial flexibility, while educational institutions can enhance enrollment rates and revenue streams. As demand grows for accessible education financing, BNPL solutions are bridging gaps, making quality education a reality for more students.

Here are 5 FinTechs innovating with BNPL payments tailored to the needs of students in MEA:

• JeelPay

JeelPay is a prominent BNPL provider in Saudi Arabia, focused on enhancing financial inclusion in the education sector. It partners with educational institutions to offer seamless installment payment plans, ensuring students and families can effectively manage tuition and related expenses. Parents can pay the tuition fees monthly as a “Study Now Pay Later” model, while schools can collect their money up front instead of time-consuming collections.

• Klump

Klump is a Buy Now, Pay Later technology company with the mission to enhance the online and in-store checkout experience for customers and businesses. Its pilot product, the Klump BNPL Checkout, allows merchants to offer their customers the Pay in 4 instalments over 3 months.  Klump also offers flexible payment plans for school fee payments in Africa. By partnering with educational institutions, the FinTech ensures accessible and hassle-free financial solutions for students across the region.

• PostPay

Dubai-based PostPay provides a secure, interest-free BNPL solution that allows students and families to pay tuition fees in manageable installments. In collaboration with educational institutions, PostPay covers the full invoice upfront, giving families flexibility in repayment while ensuring uninterrupted educational access. Founded in 2019, the company has partnered with thousands of retailers to provide customers with the flexibility and convenience of paying for their purchases in three interest-free payments.

• Tabby

Tabby is also a BNPL FinTech company that allows customers to pay for purchases in installments without interest or hidden fees. Tabby extends its BNPL services to the education sector, offering flexible payment options that ease financial pressures on students and parents. Known for its streamlined installment plans, Tabby makes higher education and skill-based learning accessible to a broader audience.

• ValU

ValU offers customers customisable financing plans to purchase goods from a wide range of retail partners with the option to pay over time. ValU stands out with its tailored program, Ma3ak, which caters specifically to university students aged 18-23. By addressing the unique financial needs of this demographic, ValU ensures flexible repayment terms, making education more affordable and accessible while fostering financial independence for young learners.