With participation from Joa Capital, AlJazira Capital, and other angel investors, the USD 6.6 million Pre-Series A investment round is set to allow JeelPay to support its development plans, with the company being among the latest businesses to gain interest from investors aiming to benefit from the GCC’s advancing startup community. JeelPay offers a ‘study now, pay later’ scheme which enables parents to finance their children’s tuition upfront, focusing on minimising financial burden in the education sector.
The newly acquired capital is set to assist JeelPay in providing new financing solutions and solidifying its partnerships with educational institutions, further strengthening the company’s position as a participant in the GCC’s fintech ecosystem. Moreover, as the Middle East startup landscape advances, JeelPay plans to introduce an initial public offering (IPO) in Saudi Arabia by 2027. The company’s commitment to education financing falls in line with the region’s objectives to further expand the fintech and education sectors.
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