EARLYSALARY & AVANSE LAUNCH IN­DIA’S FIRST DIG­I­TAL SCHOOL FEE FI­NANC­ING SO­LU­TION

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EARLYSALARY,

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.

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