Since its launch in January 2022 with an impressive amount of signups just in the first month, Zoropay is revolutionizing tuition payment for students in Africa.
Acting as a bridge between the lenders and the parents, Zoropay as a platform finances student fees by boycotting the need for parents to worry about one-time payment of fees. Zoropay facilitates the full payment of tuition fees and arranges for installment repayment by parents or guardians. The platform particularly attacks the financial barriers existent for Nigerian parents and students who are having a hard time finishing up their education because due to a lack of funds, hence reducing the current student debt amount in the educational system.
“We started Zoropay to reduce the worries of our parents. Even if only a little, we want to give them room to breathe; to pay at a later date. This way, financial limitations on their children’s education would be non-existent. The plan is to connect to these parents by acknowledging their ambitions and helping them become the heroes their kids need them to be. I don’t know anybody who isn’t grateful to their parents for the opportunity to access quality education.” The company’s CEO, Aaron Sotunde-Adesina, said in a report to Tech Cabal
So far, Zoropay has established partnerships with some key institutions ranging from RenMoney to Sycamore, VFD MFB, Edfin Microfinance Bank, Zitra Investments, and of recent UK-based Edtech Ventures platform, SuperCharger Ventures.
Besides offering access to credit, users and parents are also given access to intentional money management plans. This allows parents to give even more to their kids by saving more for allowances, and other expenses for their children, while young adult users can practice beneficial income management habits.
Zoropay’s saving plans are created with the aim of structuring the user’s mind toward specific goals and enabling the user to reach them.
What Zoropay offers is not a pipe dream. By partnering with not just lending institutions but also schools and universities, the platform is simplifying access to funds and credit by streamlining the application and disbursement process for each parent. With such speedy momentum and traction gained in a short time, Zoropay is projected to impact over 250, 000 parents and children in a year.
Zoropay is quite simply the Robin Hood of tech. That is, if Robin Hood was a platform that worked within the educational sector, and also within the confines of the law for the benefit of all parties involved, most especially the parents and children.
Visit www.zoropay.com to sign up.
