Know how this startup is helping parents pay school fees easily and on time
Two McKinsey & Co grads founded a company to assist parents in tracking school fees dues and making payments through a variety of pay-now and pay-later alternatives. Zenda, the company, was founded during the Covid-19 epidemic in June 2021. While working from nexquare, a socially focused edtech startup that leveraged data science in education to build tech and data products, Raman Thiagarajan and Haseeb Ahmed noticed that during the pandemic, many of their customers faced collection and receivables challenges—that is, recovering the debt owed. To solve this issue, the McKinsey and Company colleagues founded zenda, their second business, in June 2021. The firm, which has its headquarters in Dubai, is registered in Kochi, India, and currently has offices in Bangaluru, Kochi, and Delhi. zenda intends to address two primary issues that parents and institutions encounter. To begin with, tuition payments at schools (including nurseries, K-12, colleges, coaching/training c...