LEO1’s Initiative Helps Students Save Big
New Delhi: Rohit Sharma-backed fintech company LEO1 has provided financial benefits worth ₹8 crore in education fees to 55,000 students in 2024. Through its innovative fee reimbursement model, students receive Leo Coins, which can be redeemed on over 200 platforms. In the past year alone, students have utilized more than 50 lakh Leo Coins for various purchases.
Founder and MD Rohit Gajbhiye emphasized the company’s vision of building a fee reimbursement ecosystem that eases the financial burden on students and parents. This year, LEO1 aims to extend benefits to 15 lakh students across 22 cities.
Exclusive Benefits of LEO1 Prime Membership
LEO1 Prime Membership offers parents and students free consultation services to assist in making informed educational and financial decisions. This model not only simplifies fee collection for educational institutions but also reduces the overall financial strain on families, making education more accessible and rewarding.
A Game Changer for Large Educational Institutions
Many major educational groups in India have adopted LEO1’s model, leading to timely fee payments. This allows institutions to introduce new courses, expand facilities, and implement growth strategies without financial constraints.
Rohit Gajbhiye stated, “We are building an ecosystem that turns education expenses into a profitable and stable investment for students and parents. Our model not only ensures timely fee payments but also brings financial stability to the education sector. We plan to reach 22 cities and benefit 15 lakh students under this initiative.”
LEO1 Smart ID Card: A Revolutionary Feature
A key feature of LEO1’s fee reimbursement model is the numberless prepaid student ID card, which functions as a contactless payment card. This innovation enables students to both identify themselves and make transactions seamlessly. Prestigious institutions like Narayana, SAGE, Jain, LNCT, and Geetanjali University have already adopted this system, benefiting thousands of students and parents.
About LEO1
Formerly known as Financepeer, LEO1 is a pioneering Edu-Fintech company headquartered in Mumbai. Established in 2018, it introduced India’s first fee reimbursement card, addressing the long-standing cash flow challenges faced by educational institutions. LEO1 has partnered with over 31 leading institutions, including Narayana, Jain Group, and SAGE University, positively impacting around 5 lakh students.
Key Offerings of LEO1:
✅ Rewards Program – Earn Leo Coins for fee payments
✅ Smart ID Cards – Secure, contactless student payment solutions
✅ Fee Management System – Simplifies fee payments for institutions and parents
✅ Financial Assistance – Reduces financial burden through structured reimbursements
With its rapid expansion and innovative solutions, LEO1 is revolutionizing the education finance landscape in India.
