Rohit Sharma Makes an Investment in Edu-Fintech Pioneer LEO1 

Rohit Gajbhiye, Chief Executive Officer and Founder of LEO1, said, “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.” He added, “Parallelly, given that education constitutes a significant portion—15–20 per cent—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, the platform also claims to incentivize timely fee payments through a reward mechanism, encouraging responsible financial behavior. LEO1 has joined forces with 31+ major institutions nationwide to offer its ‘Financial SAAS’ platform, as per a company statement. 

Buy cryptocurrency

Source link

Refer And Earn Demat Account – Get ₹300 | Referral Program

Open Demat Account In Angel One For FREE