2023:LEO1, India’s first education bank in the making, has introduced a new technology called the LEO1 Embedded Stack. This modern software offers a range of tools that empower educational institutions, parents and students alike.
With the LEO1 Embedded Stack, educational institutions in Jaipur can benefit from modern
technologies that help reduce administrative costs. It provides institutes with a single platform for timely fee collection, access to capital for growth and expansion and opportunities to increase the value of fees. Moreover, it enhances the institution’s brand
presence, boosts enrollments and reduces drop-out rates.
The software also allows institutions to co-brand it with their logo, leading to greater brand
visibility and recognition. Through the software, education institutes can issue a numberless
ID card to all their students that can be used for easy and convenient tap-in payments as well. Every transaction made through it can be turned into a reward. Students can earn LEO1 Coins, which can be used on over 150+ partner platforms. In some cases, students
can even get back up to 100% of their fees in the form of LEO1 Coins, offering them exciting benefits for their payments.
Mr Rohit Gajbhiye, CEO & Founder of LEO1, said, “At LEO1 we believe that financial
constraints should never impede the growth of educational institutions or hinder students’ access to learning opportunities. Our embedded software is a significant step towards that
goal. Our product can help modernise education institutes that are either reeling under financial duress or are in need to optimise their existing resources. It can provide students
and parents with one-stop payment requirements free of cost.”
“We envision becoming India’s first Education Bank dedicated to driving comprehensive financial solutions tailored to the needs of educational institutions, learners, parents and
teachers. By integrating cutting-edge technology with innovative financial practices, LEO1 strives to shape a future where every individual has access to quality education, unlocking
their true potential,” Mr Gajbhiye further added.
LEO1 operates throughout India with a network of more than 13000 educational institutions
and offers education fee financing options to more than 3 million students. Founded in 2017, LEO1 envisions a world in which having equal access to education promotes greater
equality. LEO1 aims to increase access to education, support the development of educational institutions and learners globally, and become an embedded financial ecosystem with a focus on supporting financial and IT infrastructure in the education industry.