Educational institutions and students in Africa are now able to take advantage of digital payment solutions through EduPali, an online platform launched by FastaMoni Technologies, a Nigerian financial technology startup. Aiming to tackle the challenges of higher education costs and limited access to education, the platform has already onboarded over 100 schools and is serving a student population of over 20,000.
The platform offers various payment options to optimize the payment process and ensure affordability and flexibility for parents. These options include split payments for low-income families and one-off payments for families with moderate income levels, allowing more families to afford their children’s education. In addition, the platform also provides credit facilities to schools, helping them to manage their operations and ensuring smooth functioning efficiently.
To further enhance the platform’s services and security, an AI system has been incorporated to provide community engagement and prevent fraudulent practices, such as cross-carpeting between schools on the platform. EduPali is raising a pre-seed funding round of $500,000 to expand its operations and strengthen its financial resources.
As an education technology blog, we recognize the significance of EduPali in helping schools eliminate delays and enhance revenue flow while reducing the number of out-of-school children in Africa. With its keen focus on optimizing payment compliance rates and providing innovative financial solutions for the education sector, EduPali is an invaluable tool for teachers and students alike.
