The leading Indian edu-fintech company, LEO1 has secured a strategic investment from the Indian cricket team captain, Rohit Sharma.
This marks Sharma’s first foray into the financial technology startup space. The investment bolsters LEO1’s mission to revolutionize access to quality education and alleviate chronic cash flow challenges faced by educational institutions across India.
Formerly known as Financepeer, LEO1 has attracted significant investor interest in recent years. The company has secured $35 million (approximately INR 291 crore) through two funding rounds. LEO1’s impressive growth trajectory and innovative approach have drawn established venture capitalists like QED Investors, Aavishkar Capital, and Ardent Investors LLC, alongside Sharma’s recent strategic investment.
Expressing his excitement about the collaboration, Sharma, stated, “I am thrilled to support LEO1 in its mission to revolutionize learning and make quality education accessible to everyone. Their approach, unwavering commitment, and entrepreneurial spirit are truly inspiring as they work to positively impact the lives of aspiring students and their parents. This partnership presents an incredible opportunity for me to back initiatives that can make a significant difference for an entire generation.”
Rohit Gajbhiye, Chief Executive Officer & Founder of LEO1, remarked, “We aim to instill a crucial discipline within the education sector. Irregular cash flow often leads to excessive efforts focused solely on fee recovery over other important developments. This is an ancient problem for institutes across the country. Parallelly, given that education constitutes a significant portion—15-20%—of household earnings, parents and students lack sufficient motivation to make timely payments. LEO1 addresses these challenges through our ‘Financial SAAS’ model that motivates responsible financial behaviour in them.
“Rohit Sharma’s endorsement has infused our teams with tremendous enthusiasm to deliver outstanding work. We draw inspiration from many of Rohit Sharma’s qualities. With his support as our brand ambassador and now as a valued investor, I am confident that we will become even more efficient and motivated. I foresee a promising future for LEO1. I express gratitude to all our investors and extend a warm welcome to Rohit into our community.”
LEO1’s financial solutions bridge the gap between educational institutions, students, and their families. The company offers innovative financial products that streamline fee collection for institutions and provide students with flexible financing options. This strategic investment will fuel LEO1’s continued development and expansion, enabling it to deliver its impactful services to a wider audience within the Indian education sector.
LEO1 is an edu-fintech company transforming the Indian education landscape with innovative financial solutions. Its offerings empower educational institutions by resolving cash flow issues and facilitating efficient fee collection.
On the cricket pitch, Rohit is leading the Men in Blue in the ongoing ICC Men’s T20 World Cup 2024. Team India has topped Group A, winning all its league matches. They have qualified for the Super 8 stage and will face Afghanistan, Bangladesh, and Australia in their upcoming matches.