Fintech Startup, Jodo has raised $15 million in Series A funding round led by Tiger Global. The round also saw participation from existing investors, Matrix Partners India and Elevation Capital, from whom Jodo has previously raised INR 28.5 crore. The fresh fund will be utilized to accelerate product innovation and sales, and further build the Jodo team.
Jodo helps middle-income families to manage the academic expenses of their children whereas the company helps schools digitize the collection process and offers Flexible payment options. It claims to power fee collection for over 700 schools and has facilitated fee payments for over one lakh students.
“Jodo is modernizing payments and credit for India’s education market by increasing convenience and affordability for parents and providing better workflows for schools and institutions. We are very impressed with Jodo’s progress and look forward to partnering with them.” said Alex Cook, partner at Tiger Global, “as they expand the product suite and become available in more schools.”
Jodo is a mission-oriented high-growth fintech startup that creates payment and lending products to make education payments easier. Jodo’s suite of products makes education payments convenient and affordable for parents while simplifying and streamlining fee collection for educational institutions.
Founded in 2020 by Atulya Bhat, Koustav Dey, and Raghav Nagarajan, at the beginning of the year 2020 with a mission to positively impact the lives of people through well-designed financial products. We believe that financial products can have the power to significantly improve the lives of people if it is designed with the end needs in focus. Year-long research trying to understand these needs has culminated in the founding of Jodo.
Jodo aims to be a full-service financial services player with multiple products enabling millions of people to meet their needs.
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