Despite the pandemic challenges, the last financial year was especially significant for us. We achieved milestones across our business that we’re proud of.
We started out five years ago as a student lender with one traditional loan solution. By listening to students and, even more so, to education providers we learnt about the complex challenges of student finance. And we developed a suite of solutions – a one-stop shop to turn student finance from an enrolment handbrake into a growth enabler.
With the support of our education partners, we were able to achieve the following.
- Study Now Pay Later (SNPL) ~ Launched in July 2021, SNPL is the only BNPL product designed for education. It has already become our most popular solution.
- Evolved to ZeeFi ~ We rebranded from Study Loans to ZeeFi earlier this year to reflect what we stand for – speed, ease and finance – and to signal our progressive approach.
- Built our team ~ We’ve been fortunate to hire distinct capabilities in our leadership team to help us grow, including a new CFO, General Manager, Head of Sales, Head of Technology and Marketing Manager.
- Grown our business ~ The last financial year saw our revenue increase by 40% with growth in key metrics, including the number of students serviced (up 78%), the number of providers serviced (up 28%) and the number of new funded plans (up 264%).
Personally, I’m proud of what we’ve achieved together. As a team, we believe it shows our commitment to being Australia’s fintech partner to the education sector, helping you increase enrolments and improve cashflow while reducing risk.
We’re very grateful for the support of our education partners, and we look forward to continuing it.
If you would like help exploring our finance solutions to enable enrolments, please get in touch on firstname.lastname@example.org or 1800 324 909.
By Adam Olding, ZeeFi CEO