With TeachPay, the company expands its integrated school platform to offer schools end-to-end management solutions for their needs on a single platform
Teachmint, a leading provider of education infrastructure and the creator of Integrated school platform, unveiled TeachPay, a verticalized fintech solution for education that offers schools an efficient method of regulating fee collection. With this, school administrators will now have comprehensive visibility of the cash flow in their institute, without problems with collections. TeachPay caters to end-to-end fee management for schools with two key features:
- TeachPay Credit: A zero-cost monthly fee payment for parents where they have the option to pay in smaller installments while the school receives the full fee up front.
- TeachPay Auto: A feature that automates fee payments, minimizing the need for multiple reminders or non-payment.
As a 100% digital process, TeachPay can collect and settle the fees in different bank accounts with auto-split and can even use new payment methods like QR codes, UPI, Online Banking etc. to collect additional fees. With this, Teachmint becomes the first SaaS solution that caters to every operational need of a school, including fee collection, transport management, attendance, exam management and more. In addition, the platform is end-to-end encrypted to ensure the privacy of the personal credentials of parents, students and schools.
Commenting on the launch, Payoj Jain, Chief Product Officer, Teachmintso, “Teachmint is on a mission to provide schools with a world-class digital infrastructure that creates efficiencies at every stage of operations. TeachPay is one such addition to our range of offerings that simplifies one of the most complex operations in a school – fee management. What what makes this product even more special is that while it increases the cash flow of a school, it will also help parents tremendously by giving them a reliable alternative to prepayment.We believe that technology is a great problem solver and can help schools reduce the time spent on operations and instead spend more time focusing on student engagement and making classrooms and teaching more innovative. At Teachmint, we are building the digital infrastructure for education and are committed to introducing many more such products that can take school digitization to the next level.”
TeachPay integrates with other features on the platform such as fee management, attendance management, exam planner, enrollment management, teacher training, transportation management and more. Teachmint’s Integrated The school platform is designed to run schools and institutes and enable NEP readiness through infrastructure innovation with a combination of advanced administrator tools, a modern LMS and digital content combined into a comprehensive offer.
About Teachmint
Teachmint is an education infrastructure startup and the creator of the Integrated School Platform, an all-in-one solution for school digitization. We’ve enabled millions of teachers and thousands of schools to create global, future-ready classrooms with our proprietary technology and school software solutions. Today, Teachmint is available in 20+ Indian and international languages and has served 2 crore+ users from 30+ countries through its platform.
Teachmint’s flagship product, the Integrated School Platform, empowers all school stakeholders with its one-stop solution equipped with advanced admin tools, a modern learning management system, premium learning content and a unique all-in-one fee payment solution. We believe that the right integration of technology can help school leaders unlock the highest potential of their institutes and get the best out of their teachers, students and even drive better parent engagement.
Founded in 2020, Teachmint is backed by leading international and Indian investors such as Rocketship.vc, Lightspeed, Learn Capital, Goodwater Capital, Vulcan Capital, Better Capital, CM Ventures, Epiq Capital and Titan Capital.
