Fintech
Rohit Sharma becomes an investor for this educational fintech startup
Captain of the Indian cricket team, Rohit Sharmahas ventured into the fintech space with a strategic investment in LEO1an edu-fintech company, marking Sharma’s first-ever investment in the fintech sector.
What happened: Rohit Sharma’s investment in LEO1, formerly known as Financepeer, was announced on Wednesday. LEO1 aims to address persistent cash flow challenges in educational institutions and provide innovative solutions to students across India.
Over the past three years, LEO1 has raised $35 million (approximately ₹291 million) across two investment rounds.
LEO1 has also secured funding from QED Investors, Aavishkaar Capital, Ardent Investors LLC, and 9 Unicorn, among others.
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On his association with LEO1, Rohit Sharma said, “I am thrilled to support LEO1 in its mission to revolutionize learning and make quality education accessible to all.”
Rohit Gajbhiye, CEO and founder of LEO1, said Sharma’s endorsement has invigorated their teams to deliver superior work. He further stated: “With his support as our brand ambassador and now as a valued investor, I am confident that we will become even more efficient and motivated.”
LEO1’s recently launched “Financial SAAS” product offers a complete solution for financial transactions in the education sector, including a LEO1 payment card that functions as both a Smart card and a LEO1 Smart ID card within the premises of the campus.
LEO1 has partnered with more than 31 leading institutions nationwide to offer its platform, targeting half a million students across the country. Sharma’s investment in LEO1 not only increases the company’s financial strength but also adds significant value to the brand’s image, given its popularity and influence in India.
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