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    INDIA’S VAST NETWORK OF INDEPENDENT SCHOOLS URGED TO JOIN FORCES AND SHARE DEEP KNOWLEDGE FOR GLOBAL EDUCATION PROGRESS

    INDIA’S VAST NETWORK OF INDEPENDENT SCHOOLS URGED TO JOIN FORCES AND SHARE DEEP KNOWLEDGE FOR GLOBAL EDUCATION PROGRESS

    “TATTVA : An International Sculptors Symposium”  from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    “TATTVA : An International Sculptors Symposium” from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

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    Eros Group Is Now Great Place To Work® Certified

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    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

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    Review Meeting on Mental Wellness of Students

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

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    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

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    GITAM announces new Academic Advisory Board members

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    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

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    Institute of Bakery & Culinary Arts Invites Application for Various Courses

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    MDI Gurgaon business school wins RPG Blizzard 2022

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    Applications for Paramedical Programmes now Open

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    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

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    ICFAI Launches ICFAI School of Social Sciences

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    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

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    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

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    What can Indian medical students expect when pursuing a career in medicine : Advice from St. George’s University School of Medicine in Grenada

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    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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    INDIA’S VAST NETWORK OF INDEPENDENT SCHOOLS URGED TO JOIN FORCES AND SHARE DEEP KNOWLEDGE FOR GLOBAL EDUCATION PROGRESS

    INDIA’S VAST NETWORK OF INDEPENDENT SCHOOLS URGED TO JOIN FORCES AND SHARE DEEP KNOWLEDGE FOR GLOBAL EDUCATION PROGRESS

    “TATTVA : An International Sculptors Symposium”  from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    “TATTVA : An International Sculptors Symposium” from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

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    Review Meeting on Mental Wellness of Students

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    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

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    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

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    Dream to Study in Germany Fair Organized by PFH University

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    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

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    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

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    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    MDI Gurgaon business school wins RPG Blizzard 2022

    MDI Gurgaon business school wins RPG Blizzard 2022

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    Applications for Paramedical Programmes now Open

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
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    ICFAI Launches ICFAI School of Social Sciences

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

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    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in  Mumbai to discuss cross-border collaborations

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in Mumbai to discuss cross-border collaborations

    Indian students flock to the Sunshine State – Queensland  The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    Indian students flock to the Sunshine State – Queensland The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    What can Indian medical students expect when pursuing a career in medicine :   Advice from St. George’s University School of Medicine in Grenada

    What can Indian medical students expect when pursuing a career in medicine : Advice from St. George’s University School of Medicine in Grenada

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    How to get your dream specialty in INI CET counseling:  Tips by Gaurav Tyagi

    How to get your dream specialty in INI CET counseling: Tips by Gaurav Tyagi

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    Around 4000 jobs posted everyday during the festive  season’22

    Around 4000 jobs posted everyday during the festive season’22

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    OMOTEC to conduct 10-day Robotics Workshop for students

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    How to make your future bright in Naturopathy: Dr N K Sharma

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    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

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    Understanding the objective of fellowship is important

  • Events
    • All
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    “Societal Development is the aim of Space Technology:  Dr. A S Kiran Kumar

    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

    Wipro earthian awards 2021 felicitate excellence in sustainability education

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    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

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    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

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    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

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    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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Fintech app for school fees, zenda raises $9.4M seed round

Fintech app for school fees, zenda raises $9.4M seed round

Fintech app for school fees, zenda raises $9.4M seed round for Pay-Now, Pay-Later proposition and accelerates India expansion

  • Investors: Leading regional and global investors – STV, COTU, Global Founders Capital, and VentureSouq
  • Opportunity: Enables parents to pay school fees with pay-now and pay-later options, and unlock rewards for paying on time. India entry and operations began in Q3 2021

  • Growth: 20X growth in user volume since June 2021; Crossed $100M+ in annual contracted TPV volume by end of Q4 2021 across UAE and India.

zenda, the fintech app for families has announced it has secured a $9.4M oversubscribed seed round with participation from STV, COTU, Global Founders Capital, and VentureSouq. zenda currently addresses pain points around the payment of school fees – in particular, the lack of convenience and flexibility in payment options for parents and the poor collection of payments for schools. The funds will be used for product development and market expansion in India.

With approximately USD70B processed annually in fee payments to private educational institutions in India, USD37B in the GCC,and USD34B in the rest of Middle East and Africa, the market is sizable yet largely untapped. Fee payments in schools (nurseries – K12 – tertiary) are significantly non-digital, and even where digital, cumbersome, manual and expensive. Also the majority of families earn monthly but fee payments are usually termly or bi-annual, resulting in cash flow stress for parents and collection delays for schools.

Using zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time. zenda integrates with schools through its proprietary data model and APIs (much like zapier) and eliminates last mile reconciliation challenges and delays.

zenda was founded in June 2021 by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company, where Raman led the Firm’s Financial Services Practice in the MENA region. zenda is the founders’ second start-up, and leverages deep insights and knowledge from their successful previous ed-tech venture.

CEO and founder of zenda, Raman Thiagarajan said:

“In today’s digital world, we seek low friction and immediacy – why should that not be the case for fee payments? Part of the ecosystem still runs on cash with no convenient option to pay later. Since our launch, feedback from the market and especially from our users has been terrific. Over the past months in India we have built a pipeline of more than 1000+ institutions and are immensely grateful for their trust. It is gratifying to see the response from parents and seeing how they have embraced our service. zenda schools are witnessing a systematic increase in their collections. We have a truly outstanding team and I feel privileged to have such a passionate group with us on this journey.”

After its initial launch in UAE, zenda initiated India entry and operations in Q3 2021; zenda witnessed strong market traction with schools and with families. It has grown its user base 20X since June 2021 and crossed the $100M+ in annual contracted TPV volume by Q4 2021, across both markets.  With more than 40 team members now, and 2/3rds in India, the team has scaled rapidly, operating out of Bangalore, Kochi, Delhi and Dubai. zenda’s success is also attributable to the team’s expertise and deep insights into how educational institutions operate, from their earlier venture.

zenda’s mission is to help families thrive. In the future, it aims to make it easier for families to manage money and to enable their financial wellness through tailored banking and financial experiences.

Commenting on the announcement, Ihsan Jawad, General Partner at STV said: “Raman, Haseeb and the team have identified a compelling gap in the market and in supporting families on a topic that is very important to them. Seeing their strong traction over the past several months, we couldn’t be more excited about zenda. India and the GCC are a USD 100+ billion market for private education fees. They have built an outstanding team and we look forward to working with them in helping zenda achieve its mission.”

Tags: Raman Thiagarajanzenda

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