Chennai, : Education focused FinTech platform Propelld, has now become the
leading partner of choice for coaching institutes. In its recent initiative, Propelld collaborated
with leading JEE/NEET coaching institutes in Kota including Allen, Motion IIT, Resonance,
ATP Star, Career Point, and Aakash. Propelld will provide timely financial assistance to
students from economically challenged backgrounds.
Propelld has so far helped over 1.6 lakh students to fund their education dreams.
Commenting on their collaboration with premier coaching institutes in Kota, Nikunj Doshi,
Chief Business Officer, Propelld, said: While these coaching institutes are transforming
society by empowering students to achieve their dream, they remain largely unaffordable for
those from Tier2 and Tier3 cities. To provide every student a fair chance to aim for India’s
premier medical and engineering institutions, we have partnered with Kota’s top coaching
institutions to provide the necessary financial support and guidance to such students.
Democratizing the educational ecosystem one city at a time remains our objective, meeting
the challenges of awareness, education, and access to technology.”
Kota attracts thousands of students aspiring to crack entrance exams such as JEE and NEET
every year. The 40 medium/large coaching institutes based in this city account for ~30% of
the total admissions into the various IITs every year. However, there is no financial respite
from the extra expenses of hostel, food and study material costs for students already
struggling to fund their higher education.
Propelld offers a streamlined online application and quick-approval process, combined with
flexible payment structures including a no-cost EMI option.
Backed by seasoned investors such as Stellaris Venture Partners, WestBridge Capital
Management, Indian Angel Network, and India Quotient, Propelld has carved a niche for itself
through its differentiated financial product offerings anchored in robust education-focused
underwriting policies.
With over 2,000 educational institute partners under its fold, Propelld is a completely digital
platform that incorporates factors such as a student's past performance, future potential,
outcome of the course chosen and the institute's record, in addition to the parent/student's
financial situation to provide more students the right to education. The company’s customized
loan products offer unparalleled flexibility to students, parents, and educational institutions,
factoring the course’s outcome, fee structure and course delivery to make financing solutions
accessible to students from both rural and urban demographics.”
About Propelld:
Propelld is a Bangalore-based FinTech startup specializing in education lending. The brand’s
main vision is to democratize access to education and drive-up India’s gross enrolment ratio
(GER) by removing financial barriers to the right education with customized financial products.
Supporting the overarching education infrastructure, the company provides personalized loan
products based on the course’s end-use and borrower’s profile. Their 100% digital hassle-free
process is aimed towards realizing the educational dreams of tier 2 and tier 3 students and
their families Unlike traditional lenders, Propelld has a unique underwriting system which
looks beyond the credit score and focuses also on the future potential of the student.
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