Cricket star Rohit Sharma is investing in the fintech sector with LEO1

Indian cricket captain Rohit Sharma has announced his first-ever investment in the fintech sector, backing innovative edu-fintech company LEO1. LEO1, formerly known as Financepeer, aims to transform financial transactions in the Indian education system.

“I am excited to support LEO1 in its mission to revolutionize learning and make high-quality education accessible to everyone,” said Sharma. “Their approach, unwavering commitment and entrepreneurial spirit are truly inspiring as they strive to positively impact the lives of aspiring students and their parents. This partnership represents an incredible opportunity for me to support initiatives that can make a significant difference for an entire generation. “

LEO1 solves the persistent problem of irregular cash flow in educational institutions with its breakthrough “Financial SAAS” model. This model encourages responsible financial behavior among students and parents while providing institutions with a streamlined platform for fee collection and financial management.

“We want to instill a key discipline in the education sector,” explained Rohit Gajbhiye, CEO and founder of LEO1. “Irregular cash flows often lead to excessive efforts focused solely on recovering fees in exchange for other important events. This is a perennial problem for institutes across the country. At the same time, given that education accounts for a significant portion – 15-20% – of household earnings, parents and students lack sufficient incentive to make payments on time. LEO1 addresses these challenges through our ‘Financial SAAS’ model, which incentivizes responsible financial behavior.”

Sharma’s investment, along with support from leading investors such as QED Investors and Aavishkaar Capital, will fuel LEO1’s growth and expansion in India. The company’s ‘Financial SAAS’ product suite includes a versatile payment card that can also function as a smart ID, facilitating seamless transactions on and off campus. Additionally, the platform offers instant educational loans, encourages timely payment of fees through rewards, and promotes financial literacy among students.

“Rohit Sharma’s support has filled our teams with great enthusiasm to do exceptional work. We draw inspiration from many of the qualities of Rohit Sharma,” Gajbhiye said. “I am sure that thanks to his support as our brand ambassador and now as a valued investor, we will become even more efficient and motivated. I predict a promising future for LEO1. I am grateful to all our investors and warmly welcome Rohit to our community.”