Financepeer announced the closure of a fresh funding round of $3 Mn, led by a Jaipur-based NBFC, MS Fincap. The other key investors in the round were Danube (UAE’s largest conglomerate), Aar Em Ventures, Angelbay Holdings, JITO Angel Network, and HEM Angels.
Financepeer focuses on financing education fees and providing other education technologies. It provides education fee loans at zero percent interest rates and the applicant gets insurance protection for a child’s lifetime education fees in case of any adverse incidents.
Raising funds during the COVID-19 pandemic depicts our strength, positivity and our commitment. During this phase, we are glad we created a positive impact in the lives of thousands of parents who were affected financially. With these fresh funding, we expect our market leading revenues to see sustainable high growth,” said Rohit Gajbhiye, CEO of Financepeer.