School fees-focused fintech app Zenda raises $9.4 mn in seed round

Using Zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time

Fintech app for school fees, Zenda, announced that it has secured a $9.4 million in a seed round with participation from STV, COTU, Global Founders Capital, and VentureSouq. Zenda currently addresses the payment issues of school fees, in particular, the lack of convenience and flexibility in payment options for parents and the poor collection of payments for schools. The funds will be used for product development and market expansion in India.

With about $70 billion processed annually in fee payments to private educational institutions in India, $37 billion in the GCC, and $34 billion in the rest of Middle East and