Tech

Nigerian fintech, FastaMoni launches school fee payments platform, EduPali

Published

1 year ago

July 31, 2023

Nigeria’s fintech startup, FastaMoni Technologies has launched an online school fees payment platform known as EduPali which is “designed to tackle the significant challenges posed by high education costs and limited access to education in Africa,” the fintech said in a statement on its website.

The statement noted that the
EduPali platform would provide a digital payment solution that would streamline school fee payments which would benefit educational institutions, students and their parents and guardians.

Co-founder and CEO of FastaMoni, Adetola Adele, who spoke on the launch of the platform, said the focus was on “optimising payment processes by ensuring affordability and flexibility for parents.”

“We provide various payment options, including split payments for low-income families and one-off payments for families with moderate income levels.

“By facilitating these flexible payment options, we aim to increase compliance rates and enable more families to afford their children’s education,” Adele said.

He added that EduPali also offered credit facilities to schools, as well as empowering them to efficiently manage their operations and ensure smooth functioning.

“Our platform also incorporates an AI system that enhances community engagement and helps mitigate fraudulent practices, such as cross-carpeting between schools on our platform,” Adele added.

He opined that since the launch of the platform, it had “onboarded more than 100 schools, catering to a student population exceeding 20,000,” while the startup was also in the process of raising $500,000 pre-seed funding round to scale up its operations.

“By securing these investments, we will further strengthen our financial resources, enabling us to expand our operations and advance our mission of providing innovative financial solutions for the education sector,” Adele said.

Related Topics:EduPali FastaMoni Featured fintech School fees

Click to comment

Tech

Ghana partners with The Gambia to provide free roaming services

Published

2 hours ago

November 21, 2024

Isaac Dachen

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

1 day ago

November 20, 2024

Isaac Dachen

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.