In a groundbreaking move, AfriCred, a leading Fintech company, has forged strategic partnerships with prominent financial institutions worldwide to facilitate seamless access to credit for students and their guardians. The innovative platform specializes in offering both short and long-term loans, instant tuition fee payments, and credit cards for living expenses and travel, empowering students to take control of their higher education finances.
AfriCred’s distinctive approach streamlines the loan process by providing a diverse array of leading global and Africa-based lenders at competitive rates, coupled with top-notch customer support. The company has solidified exclusive collaborations with more than 35 esteemed global universities spanning the USA, Canada, Malta, and the European Union, offering students a one-click tuition payment experience.
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Siddharth Maheshwari, the Chief Executive Officer of AfriCred, expressed the company’s mission to empower students by ensuring convenient and affordable access to credit. Maheshwari emphasized the robust partnerships with global financial institutions, highlighting their provision of loans at competitive interest rates without the need for a co-signer or collateral.
“We aim to ensure that no deserving student faces financial constraints for local or global university admissions,” Maheshwari added.
Jerry Opara, Senior Manager at AfriCred, highlighted the company’s collaborations with various study-abroad businesses and higher education consultants. This partnership aims to enhance existing organizations’ ability to serve students better, facilitating access to higher education financing and fee payments.
READ ALSO: ASUU Urges Federal Government to Provide Grants Instead of Loans for Students
Excitement resonates among educational institutions as well. Chris Velasco of Edison College, Canada, expressed satisfaction with AfriCred’s contribution, stating, “We are super excited to partner with AfriCred to help our students in Nigeria and Kenya access higher education financing and fee payment, and very happy with the feedback of the students. We look to strengthen the exclusive partnership.”
Dr. Piyush Jain, Director at ProU Education, emphasized the transformative impact of AfriCred’s initiative, stating, “Credit is fundamentally broken in education, especially when crossing borders. We can finally support our study abroad aspirants with an entire financial suite of solutions from loans and proof of funds to remittance and travel cards.”
AfriCred’s visionary approach signifies a significant stride in reshaping the landscape of higher education financing, ensuring that financial constraints no longer impede deserving students from pursuing education on a local or global scale. The company’s commitment to affordability, convenience, and global partnerships positions it as a trailblazer in empowering the next generation of scholars.
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