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of <h1>Edu-fintech LEO1 rewards timely tuition payments with redeemable coins, impacting 55,000 students and expanding to 22 cities.</h1> LEO1, an edu-fintech company, has reimbursed 8 crore LEO1 Coins in 2024 through its Fee Reimbursement Model (FRM), rewarding timely tuition payments. These coins are redeemable with over 200 merchant partners. Additionally, 1.7 crore Coins were credited for purchases via the app. Over 55,000 students have redeemed these for various items. The model supports educational institutions by improving fee collection and reducing financial burdens on parents. It offers a prepaid student ID that doubles as a payment card. LEO1 plans to expand to 22 cities, aiming to impact 1.5 million students while fostering a cashless educational ecosystem.
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