LEO1, an edu-fintech company, has grown its presence in Chhattisgarh by partnering with Sanskar the Gurukul International School to launch the first-ever Fee Reimbursement Card. The company's fee reimbursement model incentivizes students and parents for timely and advance fee payments while improving the school’s financial transactions.

With this partnership, Sanskar the Gurukul International School takes another step in its commitment to innovation. Recognized at state, national, and international levels for excellence in sports, culture, and hospitality, the school now integrates LEO1’s smart financial solutions to enhance its ecosystem. As the first internationally accredited ISO-certified school in the region, it continues to set new standards in education, now incorporating a financial discipline model through LEO1’s Fee Reimbursement Card.

The partnership will offer students a secure, numberless prepaid Fee Reimbursement Card that safeguards financial and personal information. Integrated with a mobile app, the card facilitates tuition fee payments, everyday transactions, and offers rewards in the form of LEO1 Coins. These coins can be redeemed at over 200+ merchant partners, including Swiggy, Ola, and MakemyTrip, turning routine fee payments into cost-saving opportunities.

The Gurukul-style managed school will benefit from LEO1’s plug-and-play fee management software, simplifying administrative processes by tracking payments in real-time and managing student data efficiently. The partnership also addresses irregular cash flow challenges through LEO1’s incentivization module, reducing manual efforts and enabling the school to focus on scaling its offerings.

Rohit Gajbhiye, Managing Director & Founder of LEO1, said,

"Managing educational fees can be a challenge for both students and institutions. LEO1’s Fee Reimbursement Card ensures that every fee payment creates financial value, allowing students to earn redeemable coins for discounts and vouchers. Our goal is to make education more financially rewarding while helping schools maintain steady cash flow so that they can scale their offerings and contribute even more to society by introducing new literature, curricula, and extracurricular activities. We are committed to expanding in tier 2 and tier 3 cities, and this partnership with Sanskar the Gurukul International School is a step toward making education payments smarter and more beneficial for all."

Amit Kumar Jain, Director (STGS), said, "Sanskar the Gurukul was founded to nurture young minds, shape their personalities, and prepare them for future challenges. Our collaboration with LEO1 aligns with this vision by integrating financial technology into our education system. The Fee Reimbursement Model will not only help parents and students manage fees efficiently but also enable the school to maintain a steady cash flow, ensuring continuous improvements in academic and extracurricular offerings. This partnership transforms our campus into a future-ready smart school, benefiting students, parents, and staff alike."

LEO1’s platform offers additional features such as easy-EMI fee financing. Students can top up their wallets, monitor spending, and develop better money management habits. Over the past few months, more than 5 lakh students have benefited from LEO1’s solutions, significantly reducing their financial burdens and enhancing financial security.

Recently LEO1 partnered with Cardinal Warriors, a private military residential school in Chhattisgarh.  LEO1 was also a finalist for the most innovative fintech product at IFTA 2024.