Rohit Sharma Invests in Edu-Fintech Startup LEO1

LEO1, an Edu-fintech company (Formerly known as Financepeer), has announced a strategic investment from the Indian cricket captain, Rohit Sharma. This marks Rohit Sharma’s first-ever investment in a fintech start-up. This represents a significant step forward for LEO1 in its goal to resolve a long pending cash flow issue in the educational institutes along with providing innovative solutions for students across India. Over the last three years, the company has raised $35 million (about INR 291 crores) through two investment rounds, displaying its growth and investor trust. Investment is directed towards innovation, technology, and expansion.    

'QED Investors,' 'Aavishkaar Capital,' 'Ardent Investors LLC,' '9 Unicorn,' 'DMI Finance,' 'MS Fincap,' 'Angel Bay,' 'Ratna Fin Capital,' 'Neweva Capital,' 'AAR EM Ventures,' and several other investors have also contributed funds to LEO1.

Rohit Sharma conveyed his enthusiasm for collaborating with LEO1, stating, "I am thrilled to support LEO1 in its mission to revolutionize learning and make quality education accessible to everyone. This partnership presents an incredible opportunity for me to back initiatives that can make a significant difference for an entire generation."

Rohit Gajbhiye, Chief Executive Officer & Founder of LEO1, remarked, "We aim to instill a crucial discipline within the education sector. Irregular cash flow often leads to excessive efforts focused solely on fee recovery over other important developments. This is an ancient problem for institutes across the country. Parallelly, given that education constitutes a significant portion of 15 - 20% of household earnings, parents and students lack sufficient motivation to make timely payments. LEO1 addresses these challenges through our 'Financial SAAS' model that motivates responsible financial behavior in them."  

LEO1's recently introduced 'Financial SAAS' product offers a comprehensive solution for financial transactions within the education sector. It includes a LEO1 payment card that serves as both a Smart card and a LEO1 Smart ID card within campus premises. The card enables effortless transactions, allowing for tap-and-pay convenience for institute fees, retail purchases, online transactions, and ATM withdrawals, whether on or off campus. Simultaneously, its role as a Smart ID card streamlines access to campus facilities and services, ensuring a hassle-free experience for students. 

Additionally, as part of the solution, immediate education loans are available for those in need, simplifying access to funds for educational expenses. The platform also incentivizes timely fee payments through a reward mechanism, encouraging responsible financial behavior. Moreover, LEO1 is committed to promoting financial literacy among students, providing them with the knowledge and skills to manage their finances effectively. The company has joined forces with 31+ major institutions nationwide to offer its 'Financial SAAS' platform, benefiting around half a million students across the country