EduPali provides digital payment solutions that streamline school fee payments.

FastaMoni Technologies, a Nigerian fintech startup, has recently introduced EduPali, an innovative online platform aimed at addressing the significant challenges associated with high education expenses and limited educational access in Africa.

EduPali, which became accessible to the public in March, offers digital payment solutions that simplify school fee payments, benefiting both educational institutions and students. Adetola Adele, co-founder and CEO of FastaMoni, emphasized their focus on optimizing the payment process to make it affordable and flexible for parents. The platform offers various payment choices, including split payments for low-income families and one-time payments for families with moderate income levels, with the objective of increasing compliance rates and enabling more families to afford their children’s education. (Disrupt-Africa)

One notable feature of EduPali is its provision of credit facilities to schools, empowering them to manage their operations more efficiently and ensure smooth functioning. To foster community engagement and prevent fraudulent activities like school-switching, the platform incorporates an AI system.

Since its launch, EduPali has successfully enlisted over 100 schools and caters to more than 20,000 students. The startup is currently in the process of raising a pre-seed funding round of US$500,000 to bolster their financial resources, fuel further expansion of their operations, and advance their mission of providing innovative financial solutions for the education sector, as expressed by Adele.

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