College Vidya, a one-stop solution for making informed online education choices, recently announced its partnership with Fibe, India’s leading fintech company. This partnership aims to empower salaried individuals and working professionals across India to achieve their academic dreams without financial worries. The alliance has the potential to revolutionize online education in India by uniting Fibe’s financial offerings with College Vidya’s educational resources.
This partnership focuses on supporting salaried individuals and working professionals who cannot pay their full fees upfront due to financial constraints. College Vidya and Fibe are increasing the enrolment margin by offering simple loan application processes and affordable instalment plans. This will ensure that more salaried people and working professionals can follow their dreams of becoming educators. This cooperation is expected to help about 3,000 salaried individuals and working professionals each year.
Fibe (previously EarlySalary) is building a financial ecosystem that enables the mid-income group to fulfil their aspirations. It has launched various financial products like Cash Loans, long-term Personal Loans and Buy Now Pay Later plans. The platform offers a 100% digital loan application process that takes seconds to complete. Its technology arm, Social Worth Technologies Pvt. Ltd., has partnered with Axis Bank to launch the Fibe Axis Bank Credit Card. It has grown multifold over the years and emerged as a market leader in providing financial assistance to young middle-income groups in India. The company has already disbursed over 6 million loans worth more than INR 20,000 crore.
Expressing his excitement about the partnership, Rohit Gupta, COO of College Vidya, said:
At College Vidya, we believe financial barriers should not stand in the way of education. Our partnership with Fibe is a significant step towards making online higher education accessible and affordable for all in India. We are excited to see the positive impact this will have on students’ lives and careers.
The association will give customers several advantages, including the flexibility to pay their fees without worrying about finances. This ensures that professionals who are paid a salary or employed can continue their courses without disruption and only pay back their loans once they have secured a job through the course’s placement services. They can also select from customized loan and EMI options to meet their requirements.
Akshay Mehrotra, Co-founder & CEO of Fibe, commented on the collaboration:
This partnership with College Vidya empowers them to focus on their studies and career goals without the constant worry of financial strain. Fibe’s EdTech finance allows customers to pursue offline or online courses without a down payment and explore the subject they have always been interested in. Fibe has disbursed over 70,000+ customer loans through its partnerships with EdTech players. Our partnership with College Vidya takes us one step further in helping individuals with the freedom to focus on their academic and career goals and upskill themselves without the burden of financial strain.
College Vidya, started in 2019 by Mayank Gupta, Rohit Gupta, and Sarthak Garg, has positioned itself as the nation’s foremost and One-stop solution for making informed online education choices driven by a spirit of innovation. Headquartered in Noida, the company is dedicated to transforming the traditional education system and democratizing access to high-quality learning experiences. The organization has succeeded remarkably due to its exceptional team of visionary founders.
