NEW DELHI: More than half a million students across India are benefiting from Financial SaaS software offered by LEO1, an Edu-fintech company headquartered in Mumbai. 31 large institutes in India, including Narayana, Jain Group, and SAGE, now support the Digital India initiative through the Digital Campus module offered by the software. Students are paying their fees digitally through the app and tracking their financial activities in one place. This has helped them gain financial knowledge at an early age before entering the corporate world.
LEO1's Financial SaaS software provides education fee management, smart ID cards, financial literacy, and a reward mechanism for college students. The app rewards timely fee payments, which can be redeemed at 175 brand partners online such as Zomato, Nykaa, Croma, and Myntra.
In the last 3 months, over 2000+ students redeemed more than 300,000 LEO1 Coins for items like earbuds, power banks, USB ports, perfumes, grooming products, sippers, air-cooler, and many more. This incentivizing module for responsible financial behavior has transformed the fee cash flow for universities, solving the problem of irregular cash flow by working in sync with institutions.
RohitGajbhiye, Founder and Managing Director of LEO1"At LEO1, stated âour mission is to empower students and educational institutions by integrating modern technology with financial literacy. By offering digital solutions like fee management and incentivizing responsible financial behavior, weâre not only addressing the long-standing challenge of irregular cash flow for institutions but also helping students develop essential financial skills. We believe this early exposure to financial management will equip students to thrive in the professional world."
About the Company: https://www.leo1.in/
LEO1 is one of India's fastest-growing edu-fintechstartups, backed by Indian cricket team captain Rohit Sharma. The companyâs SaaS platform resolves long-standing cash flow issues for educational institutions. With over 31 major institutions onboard and around half a million students benefiting from LEO1âs Financial SaaS solutions, the company is rapidly expanding its reach.
Key modules include Rewards, Smart ID Cards, Fee Management, and Financial Literacy, collectively empowering institutions with simplified fee collection, enhanced transparency, and real-time insights. Notably, LEO1 incentivizes responsible financial behaviour by rewarding timely fee payments with LEO1 Coins. These coins can be redeemed across various brands for discounts and vouchers, aligning with the broader mission of making education more accessible by potentially rebating fees for students who consistently meet payment deadlines. This initiative contributes to the larger vision of fostering a cashless ecosystem within educational institutes, enabling timely cashflow and is also aligned with 'Digital India' initiative.
