Technology is improving the financial condition of educational institutions – Rohit Gajbhiye , LEO1
New Delhi: Many educational institutions in the country are either on the verge of closure due to financial challenges or face difficulties in running them smoothly. In such a situation, these institutions either compromise on the quality of education or are unable to modernize their infrastructure with time. Due to such problems, the institutions gradually come to the point of closure, which not only spoils the future of the students but also reduces people’s trust in the entire education system.
To deal with these challenges , education startup Leo 1 has developed a financial software solution ( SaaS ) . This software makes the complex processes of the education system easy and effective. Leo 1 ‘s SaaS The system digitises the institutions’ cash transactions , making it easier to record and track all transactions. The technology simplifies student attendance , fee collection and day-to-day processes , reducing the chances of human error and making the processes faster , safer and less costly.
Leo 1 Rohit Gajbhiye, Founder and Managing Director ” Our aim is to empower students , parents and educational institutions with modern technology to make learning simple , streamlined and within budget. We provide a pre-paid card for students which they can use for attendance , fee payment , canteen payment , library payment and more across merchant partners like Zomato , Myntra, etc. Also , they get reward points on every transaction which they can redeem,” said , adding that the company also helps people pay fees on time or before due date through LeoCoin and reward points. financial habit Leo1 is also bringing about a change in the education sector.
Leo1 is one of India’s fastest growing edu-fintech startups , backed by Indian cricket team captain Rohit Sharma. This company has provided the facility of paying fees in easy installments to more than 30 lakh students of the country and makes educational institutions financially strong and modern. Across the country 13,000 More than 100 institutions have become a part of this startup so far. Within the last one year, the company has expanded its financial SaaS offering to 100 million people. Through 5 Lakh more than children and India 31 large institutions Like- partnership has been done with Narayana , Jain Group , Sage University etc.