Business
Posted:
3 years ago
EDUPAY – Georgian Startup Develops Tuition Payment Software
Georgian startupers are developing tuition payment automation software. Called as EduPay, the software will assist universities and schools, and training centers in managing the financial system for tuition payment.
"Since tuition payment and managing transfers to organizations, their registration represents a real problem for schools, universities, and training centers, we have decided to develop digital platform EduPay that, initially, will help organizations in improving automotive tuition payment process. EduPay offers educational organizations to sign agreements with customers in online system and send automatic SMS messages for due tuition payments, where users will receive information on due amounts and bank details of companies for making payments”, EduPay co-founder Giorgi Khachidze noted.
The startup product will be launched in May. Initially, the startup will have small functions. Startupers plan to install new services in the system in stages.
“In the next phase, EduPay will appear in all payment channels, including mobile banks and payment terminals and this novelty will further simplify the tuition payment process. Organizations will be also able to see adapted financial analytics, their incomes, and expenditures due to the exchange rates, preferential exchange rates, and so on. At this stage, we are developing the platform, business model, communication plan, and strategy, thanks to Impact Hub Tbilisi pre-acceleration program. We will introduce our products to investors as part of Demo Day in late May”, EduPay co-founder said.