365telugu.com online news,ap(or)Ts states,september 21st,2021: As schools reopen, lot of parents and students are worried about arranging fees for continuing their studies. Amid this, Telangana and Andhra Pradesh are among the few states where parents chose smart option of partnering with Financepeer. In the year 2020, more than 200 education institutes in Andhra Pradesh and Telangana have collaborated with Financepeer-a Google incubated Education fees financing Company.This indicates a steep rise of 275% institutes extending their hands to collaborate with Financepeer, to help parents pay their education fees. M.L. Zee High school, Sri Gayatri Institute,Siva Sivani group, ICBM, Narayana group of institutions are some of the institutes which have collaborated with Financepeer.
With its unique offering of zero percent interest loan for education to ensure access of quality education for all, education institutes have found a solution through Financepeer.
Increasing number of parents and students from both the states have trusted and chosen Financepeer as their partner for education fee financing. Data shared by Financepeer showed more than 22 lakh parents/students from the two states have joined hands with Financepeer in the last two years. The rapid growth of Financepeer in terms of collaborations and applications, underscores the vision of the organization to make education accessible to masses. With the success of Financepeer in both the states, Financepeer is looking at AP and Telangana for further expansion and collaborations.
Off lately, both the states have witnessed lot of protests from parents and leaders over education fee hike. With the cost of education going up annually, parents feel the burden and often their savings are compromised.
With Financepeer and its offerings, parents and children can avail private school education without any financial stress. Collaboration with Financepeer ensures smooth and continuous operations of school education.
Apart from fee financing solution, Financepeer also offers insurance cover for the child’s education fees, in case any adversity. A step further to ensure access to education is the Financepeer app, which provides learning content for students at affordable prices. Not only academic learning, but the app ensures students aspiring for non-academic courses like acting classes etc can also get content at best rates.
Commenting on the milestone, CEO of Financepeer, Mr Rohit Gajbhiye said, “More than 1000 educational institutes signed up with us during Covid-19 lockdown in the 2020. Also, during the lockdown, many parents found our model supportive and attractive as they get convenience in fee payments.”
He further added, “Increasing in number of parents looking for fee financing solutions. We have seen a significant increase in the number of applications at Financepeer as well. The model of Financepeer supports aspirations of Indian parents, cutting across economic strata, who want to provide quality education to their children but are faced with the challenge of affordability.”
Established in 2017, Financepeer is present in 70+ cities of India and has collaborated with more than 8500 educational institutes. With this momentum, Financepeer plans to expand its presence to 10,000 schools and institutions and aims to reach two million applicants in the near future.