Fintech
Cricket star Rohit Sharma invests in fintech sector with LEO1
Indian cricket captain Rohit Sharma has announced his first-ever investment in the fintech sector by backing innovative edu-fintech company LEO1. Formerly known as Financepeer, LEO1 aims to transform financial transactions within the Indian education system.
“I am thrilled to support LEO1 in its mission to revolutionize learning and make quality education accessible to all,” said Sharma. “Their approach, steadfast commitment and entrepreneurial spirit are truly inspiring as they work to make a positive impact on the lives of aspiring students and their parents. This partnership represents an incredible opportunity for me to support initiatives that can make a significant difference for an entire generation.”
LEO1 addresses the persistent challenge of irregular cash flow in educational institutions with its innovative “Financial SAAS” model. This model encourages responsible financial behavior among students and parents while providing institutions with a streamlined platform for fee collection and financial management.
“Our goal is to instill crucial discipline in the education sector,” explained Rohit Gajbhiye, CEO and founder of LEO1. “Irregular cash flow often leads to excessive efforts focused solely on fee recovery over other major developments. This is an age-old problem for institutions across the country. In parallel, given that education makes up a significant portion – the 15 -20% – of families’ earnings, parents and students do not have enough motivation to make timely payments. LEO1 addresses these challenges through our “Financial SAAS” model that motivates responsible financial behavior in them.”
Sharma’s investment, along with the support of leading investors such as QED Investors and Aavishkar Capital, will fuel LEO1’s growth and expansion across India. The company’s “Financial SAAS” suite of products includes a versatile payment card that doubles as a smart ID, facilitating seamless transactions on and off campus premises. Additionally, the platform offers instant education loans, incentivizes timely payment of fees through rewards, and promotes financial literacy among students.
“Rohit Sharma’s endorsement has instilled tremendous enthusiasm in our teams to deliver exceptional work. We draw inspiration from many of Rohit Sharma’s qualities,” said Gajbhiye, “With the support of him 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 warmly welcome Rohit to our community.”