Eduvanz, which has enabled 20,000+ learners and disbursed Rs 200+ Cr loans in the market, is aiming at innovative ways of growth through payment and credit solutions
Mumbai, 05 January 2021: Eduvanz, India’s top fintech Non-banking Finance Company (NBFC) enables students to Study Now, Pay Later at 0% interest rates has announced the appointment of Namita Vyas as the Vice President Investor and Corporate Relations.
Namita will drive strategic growth initiatives and manage the deal structure with Eduvanz’s Debt & Equity Partners. Her hiring will ensure that Eduvanz continues to scale-up and respond to the fast-changing needs of its institutional partners and target consumers, i.e learners.
Namita brings with her 12+ years of experience and specializes in fundraising, building businesses, and driving growth strategies. Prior to joining Eduvanz, she was with SMEcorner where she was an integral part of the management since inception and was heading strategy, investor relations, and bank partnerships. Her past companies include Citi Bank, Standard & Poor’s, and Infosys where she managed a large portfolio of companies across different geographies in the BFSI, power, real estate, and metals and mining sectors.
Namita holds a Bachelors degree in Electronics and Telecommunication from D. J. Sanghvi College of Engineering and an MBA (PGDM) from Narsee Monjee Institute of Management Studies (NMIMS).
Under Namita’s leadership, Eduvanz is working on launching multiple growth products that will help students and working professionals get access to thousands of courses from across the globe. The aspirants will also be provided with counseling and guidance to ensure that the course they chose matches their career path. She will also be responsible for driving the business and building the core eLearning ecosystem at Eduvanz.
Speaking on the new addition to the leadership team, Varun Chopra, CEO, and Co-founder, Eduvanz India said, “Eduvanz welcomes Namita to its core team and is looking forward to her contributions towards our vision of building India’s largest Education Finance company. Namita’s experience in strategy, investor relations & bank-partnerships will help us drive the next phase of growth through innovations focussed on providing learners with low-cost Study Now, Pay Later options.”
Commenting on her appointment, Namita Vyas, VP Investor & Corporate Relations, Eduvanz said, “At its core, Eduvanz is an NBFC providing student-friendly skill-building and education loans with future-ready products and solutions to its customers. I am elated to be part of this innovative space which has a unique vision of integrating services in the financial technology landscape. I am looking forward to contributing to Eduvanz’s growth.”
Eduvanz has disbursed loans worth 250 Cr to 20,000+ learners. It’s the industry-leading scalable platform that has enabled Eduvanz to cater to more than 350 institutes across 20 states, more than 240 cities, and cover over 25 skill industries in the country with its Study Now, Pay Later product.
Eduvanz is an NBFC Fintech that enables learners to Study Now and Pay Later in small easy on the pocket instalments. The core objective of the company is to make education accessible to all learners across K-12, Test-Prep, Upskilling & UG/PG segments. Eduvanz offers a point of sales payment solution for institutes that helps them provide instant finance thereby helping them boost enrolments. They use proprietary artificial intelligence (AI) based algorithms and predictive analytics to provide loans based on the future employability of learners. Using the mobile app, end-to-end processing from Loan Application to Credit Assessment to Disbursal happens completely online in a matter of a few hours. Backed by Sequoia Capital and Unitus Ventures, the company was co-founded in 2016 by Varun Chopra, an IIT Madras alumni, and Raheel Shah, an IIM Ahmedabad alumni, Eduvanz has financially empowered over 20,000 learners and partnered with 350+ Institutes. They have a presence across 20 states, 240+ cities, and cover over 25+ skill industries. Achievements include winning Wharton 2018 Economic Start-up India Competition, selection by Oracle as part of their Accelerator Cohort, part of the Champions of Change organized by Niti Aayog and PMO, and among Top 13 startups of Maharashtra Fintech.