April 27

School Fees Payment Startup Zenda Raises $9.4 Million

Fintech startup Zenda (formerly Nexopay) has raised $9.4 million in a seed funding round from Saudi Arabia-based venture capital fund STV, seed-stage venture fund Cotu Ventures, Global Founders Capital and VentureSouq.

The startup plans to use the funds for product development and market expansion in India.

Zenda was founded in June 2021 by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company. Thiagarajan and Ahmed had previously founded edtech startup Nexsquare in Dubai.

Photo courtesy of Ashwini Chaudhary.

Source: Economic Times (link opens in a new window)

Education, Technology
business development, edtech, fintech, startups