BLOG

Eduvanz Financing Pvt Ltd

Eduvanz is a fintech company that was founded by Varun Chopra, Raheel Shah, and Atul Sashittal in August 2016. Mr. Varun Chopra, a graduate from IIT Madras, is the current CEO of this organization. This organization was one of the startups that emerged into the market just after the demonetization. The company has an estimated revenue of 2 million dollars. They have introduced a student EMI app to provide a better service.

This firm is known for its innovative approach on the financial sector that has brought in the concept of skill based educational loans and incorporating technological solutions in the loan appraisal process to provide an education loan EMI. This new age fintech firm utilizes artificial intelligence technology in decision making by using the predictive analysis of a person's social economic and financial data, which helps in building their profile and credibility of the loan repayment.

The loan appraisal process is completely digitalized. Thus making it quick and efficient in repayment of education loan EMI. The total funding of the firm is estimated to be 2.5 million dollars. Their low-interest rates and instant loan approval process makes Eduvanz one of the leading fintech firms in the country. It has won the judges award as the best startup at the Wharton Indian Economic Forum’s Startup Challenge in 2018 that occurred nationwide, and it is also listed in the list of emerging fintech firms in India by INC42 and IAMIA.

Eduvanz provides transparency to its clients through the student EMI app. It is associated with major educational institutes and has partnered with top corporates in enhancing the skill sets of an individual. They not only provide free financial advice but also help the individual gain the essential skills that are required in the industry. This is one of the first company to provide a loan in the skill-based training and certification at a very low, almost zero percent interest rate. This is the pioneer of modern fintech organizations in India.