Do we remember a prolonged queues many of us stood in to compensate a propagandize or college fees? So, let me tell we with FeePal profitable propagandize or college price is usually a click away.
Launched in Jul 2014, FeePal brings a change to that paltry approach of profitable fees. FeePal is an online educational product and services marketplace. With FeePal, users can deposition hospital supports anytime and from anywhere, and collect profits for these exchange on genuine time basis. Educational institutes can pointer adult with FeePal during ‘zero’ cost for that they are supposing a couple where a institutes collect their fee, sell and control acknowledgment forms, sell educational products and control tests online.
Based in Delhi, Ankur Sharma and Pooja co-founded FeePal to yield users a hassle-free programmed financial transaction height in a preparation sector.
“During an e-commerce assignment we closely worked with some of a eminent coaching institutes in Delhi. We came to know about a hardships and hassles that a payers and educational hospital have to face in a primer financial transactions. We realised that there is a outrageous operation of automating a financial exchange in a preparation zone and a business indication formed on record can infer disruptive,” says Ankur.
Given that India is one of a largest educational markets, Ankur and his group wish to change a model of financial exchange holding place in a educational institutions. FeePal envisions simplifying work bucket and mitigating account collection cost of a educational institutions by a fast technological interventions.
“Our interventions would tend to reinstate a primer and earthy collection of supports in a partner educational institutes by digital and electronic medium. Our aim marketplace comprises pre-schools, schools, colleges, universities and coaching institutes,” adds Ankur.
The FeePal group brings a mix of knowledge and immature blood. Ankur is a bullion medallist in Business Administration from XIMB (Xavier Institute of Management, Bhubaneshwar), and was formerly operative in Mother Dairy as Area Sales Manager. He also binds a Bachelor’s Degree in Electronic Engineering. Ankur schooled a art of ‘lean management’ while operative with a startup in digital offered and e-commerce development.
Pooja has a Master’s Degree in Computer Application from University of Rajasthan. She has worked with Department of Information and Technology (DOIT), Government of Rajasthan. At FeePal, Pooja leads a technical team, product development, peculiarity assurance, product improvement, information confidence and patron services.
The group also consists of Dr Alok Chauhan and Dr Rudresh Pandey who coach hospital merger and business strategy. Both a mentors come with a lot of knowledge in a preparation sector.
Educational institutes who are partnered with FeePal are charged a smallest preference price on each successful transaction. The association also takes caring of a technical queries associated to a online price collection by a patron caring centre. Thus FeePal, a e-commerce aggregator of partner educational institutes, provides a operation of products to them.
Fee Collection Ecosystem
Online Admission Forms Selling
Online Web Store
Online Exam Platform
Online Event Ticketing
FeePal, a 5 month aged startup has a participation in some-more than 10 cities opposite India with some-more than fifty educational clients and have incurred sum transaction of about 1.4 crore. Currently bootstrapped, a association has 3 income streams.
Convenience fee- On each successful transaction of FeePal a payer incurs a preference fee.
Software Selling- The institutes that need modernized and customized solutions catch program selling.
Site Space Selling- On a basement of geographical targeting, FeePal categorizes institutes on a basement of city, locality and type.
The owner feels personal revisit to educational institutes and approach sales are a best operative offered strategies for a company. But like any other startup, FeePal group faces a few challenges. One among them is sales cycle in educational institutes. Trust necessity from institutes is another problem that a association faces utterly often.
Despite these challenges, Ankur is confident about a future. “We wish a participation in limit series of institutes in India and of march in a unfamiliar market. We wish to have a user bottom of millions of payers opposite a globe,” says Ankur.
FeePal group is operative on mobile solutions and expects to come adult with a mobile height in a nearby future.
Website: FeePal
Pallavi Sinha
A essay maniac, Pallavi has a clever faith in a unexpected. Curiosity drives her. Having a credentials in core financial she has an knowledge of roughly dual years of putting out news initial during CNBC-TV18. Other than being a foodie, shouting and creation others giggle are her favourite hobbies.