Saudi BNPL company JeelPay, a specialist in education-focused financing solutions, has successfully raised SAR 25m ($6.6m) in a Pre-Series A investment round.
The funding was secured from prominent investors including Joa Capital, AlJazira Capital, and a group of angel investors, according to a report from Zawya.
JeelPay offers a digital platform designed to ease the financial burden of education by allowing people to pay tuition fees in interest-free instalments.
The company collaborates with educational institutions to provide flexible payment plans that empower families to access high-quality education.
With this new funding, JeelPay plans to expand its operations and develop new financing solutions tailored for the education sector. It also aims to enhance collaborations with schools and universities to make tuition financing more accessible.
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