EARLYSALARY & AVANSE LAUNCH INDIA’S FIRST DIGITAL SCHOOL FEE FINANCING SOLUTION
a digital-lending fin-tech start-up, partners with Avanse Financial Services, to introduce a digital school fee financing solution called ‘FeES’. This solution is being offered through the EarlySalary App, and has been planned with a socio-economic objective of helping parents afford good quality school education for their children by simplifying the fee payment process through instant credit facility and convenient EMIs. Akshay Mehrotra, Co-Founder and CEO of EarlySalary, said, “Finest education should be the most important prerogative for a parent. With a little assistance from our new offering, we believe we can give the much needed helping hand to every parent. We are really optimistic about this partnership and are aiming to reach out to 100,000 fathers and mothers within the next 18 months.” Amit Gainda, CEO, Avanse Financial Services Ltd, said, “This partnership is an outcome of Avanse’s strong belief in investing in innovative digital solutions to enhance education finance access. All school expenses are covered under this feature.” Some of the USPs are instant school fee payment within minutes, convenience for parents to pay back with up to six-months EMI option, zero down payment, processing fee of 999 only, and ‘New to Credit’ borrower can also avail benefits.