Fintech startup Jodo, focused on education payments raised $15 million in fresh funding led by New York-based investment firm Tiger Global where existing investors Elevation Capital and Matrix Partners India also participated.
Jodo offers a variety of specialised payment and lending products to make student fee payments convenient and affordable for parents. The funds will be used to accelerate product innovation and sales, as well as to increase headcount, according to the company. It also simplifies fee collection for educational institutions. Jodo currently works with over 700 educational institutions in the country, 40% of which are offline kindergarten through grade 12 (K-12) schools.
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Fintech startup Jodo, focused on education payments raised $15 million in fresh funding led by New York-based investment firm Tiger Global where existing investors Elevation Capital and Matrix Partners India also participated.
Jodo offers a variety of specialised payment and lending products to make student fee payments convenient and affordable for parents. The funds will be used to accelerate product innovation and sales, as well as to increase headcount, according to the company. It also simplifies fee collection for educational institutions. Jodo currently works with over 700 educational institutions in the country, 40% of which are offline kindergarten through grade 12 (K-12) schools.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
