Rohit Sharma-backed LEO1, an edu-fintech company, has expanded its footprint in Rajasthan through a strategic partnership with Geetanjali University, Udaipur. Together, they have introduced India’s first Fee Reimbursement Card, a ground breaking solution that, incentivizes students for fee payments before due-dates, and improves financial transactions for the institutes.
The Fee Reimbursement Card is a secure, numberless prepaid card that safeguards
students’ financial and personal information. Integrated with a mobile app, the card enables tuition fee payments, daily transactions, and offers rewards like cashback in terms of LEO1 coins. Students and parents can redeem these coins at over 175 merchant partners, including Zomato, Myntra, Uber and many more, turning regular fee payments into cost-saving opportunities and additional benefits.
Geetanjali University benefits from a plug-and-play fee management software that simplifies administrative processes by tracking fee payments in real time and managing student data efficiently. The partnership will also address irregular cash flow issues through LEO1’s incentivization module, reducing manual efforts and enabling the university to focus on expanding its academic and operational offerings.
Mr. Rohit Gajbhiye, Managing Director & Founder, LEO1, said, “Managing educational
fees efficiently remains a significant challenge in the education sector, often causing financial strain for both students and institutions. LEO1 is tackling this concern head-on with India’s first fee-reimbursement card. Through this innovative solution, every payment earns students redeemable ‘coins,’ unlocking discounts and vouchers that help offset a portion of their fees, making quality education more accessible and affordable.”
He further shared, “We are thrilled to collaborate with Geetanjali University, Udaipur, in
introducing this transformative initiative. This partnership aims to redefine the financial
ecosystem for both students and institutions, enabling Geetanjali University to enhance its
educational offerings while supporting students in achieving their academic goals.”
Mr. Ankit Agarwal, Honourable Executive Director, Geetanjali University added: “At Geetanjali University, we always strive to simplify processes for students and their parents. Our partnership with LEO1 will ease the management of educational expenses for parents and help students develop better money management skills. The fee-reimbursement card is a unique solution that incentivizes timely fee payments. It will also streamline processes for the university, ensuring smoother operations and timely fee collections. This initiative creates a more convenient and rewarding experience for everyone involved.”
LEO1’s platform offers additional features such as easy-EMI fee financing. They can top up
their wallet, monitor spending, and instill better money management habits. Over the past
few months, more than 5 lakh students have benefited from LEO1’s innovative solutions, significantly reducing their financial burdens and enhancing financial security.