Schoolable offers finance management and business tools tailored for educational institutions, enabling efficient budgeting and resource allocation. The platform enhances operational effectiveness by providing specialized EdTech solutions and product development services that streamline school administration processes.
Funding
$290K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
5CGCFounders
Product
Problem
Many educational institutions in Africa struggle with inefficient financial management, leading to difficulties in tracking payments, managing expenses, and accessing affordable financing. Traditional methods often involve manual reconciliation, increasing the risk of errors and fraud, and hindering effective resource allocation.
Solution
Schoolable provides a financial infrastructure tailored for educational institutions, offering tools to streamline payment tracking, expense management, and payroll processing. The platform assigns unique account numbers to each student or family for easy reconciliation and invoicing. It also facilitates multiple payment channels, allowing families to pay through various methods, and enables schools to manage employee payroll, pay vendors, and control expenses with approval workflows. Schoolable aims to improve financial transparency and provide access to affordable finance for schools.
Target Audience
Schoolable primarily targets private school owners and administrators in Africa who need a comprehensive solution for managing their school's finances.
Features
- Unique account numbers for each student/family for simplified payment tracking.
- Automated student invoicing with part-payment tracking and discount management.
- Multiple payment channels to accommodate various family preferences.
- Expense management and approval flow for organized outbound transactions.
- Payroll management including tax calculations and direct salary disbursement.
- Vendor and supplier payment processing.
- Free business account for managing school finances.
- Automated reconciliation of school fees.