Fintech companies continue to break investment records and are making inroads into various sectors. To give you an idea, Brazil has become the leading ecosystem in Latin America for startups operating in the financial market and has climbed five spots in the global index, reaching 14th place, according to the “2021 Global Fintech Rankings” report by the research firm Findexable.  

Against this backdrop of expansion, the role of fintech companies in the education sector is one of the trends confirmed by the growing number of companies in this segment listed among the exhibitors at Bett Brasil—Latin America’s largest gathering for education, innovation, and technology—scheduled to take place May 10–13 in São Paulo. One example is Galax Pay, a recurring payment management system. According to the company, the recurring payment model offers benefits to schools, such as guaranteed payment, student retention, and reduced collection costs. 

“The field of education is one of the most important areas of society, but it is sometimes undervalued. Being a solution in this market—even a financial one—is a privilege for Galax Pay. When an educational institution has the resources to automate its billing processes, it frees up more time to focus on the quality of education, facilities, and faculty. Schools that choose Galax Pay are able to reduce their delinquency rate by up to 70%, increasing the predictability of revenue and customer loyalty,” says Galax Pay CEO Márcio Silva.  

Educkbank founder Danilo Costa also believes that educational administrators can devote more time to their schools when a solution is implemented to ensure their financial security. The fintech company Educkbank offers financial solutions for the full collection of tuition payments (with no delinquencies), working capital lines, payment methods, and other benefits, such as school ERP, educational LMS, accounting, and marketing. Having begun operations in 2021, the company estimates it will process more than R$1 billion in school payments this year and plans to support 850 Brazilian schools. 

“Currently, only a fraction of Brazil’s 40,000 private schools have audited financial statements. Once we provide our support, school administrators gain the long-term financial security they need to devote their budget, time, and energy to what will truly enable the school to reach its full potential,” Costa emphasized.  

Financial Education - With a gamified financial education solution designed for children and teens, Tindin is another example of a fintech company focused on education. This year, the startup is launching the Tindin Metaverse, a fully interactive and immersive learning environment. 

According to the company, the idea is for students to become “citizens” of the Virtual Learning Environment itself—represented by a gamified, multiplayer economic island—within which they create their own avatars, interact with classmates, attend online classes, access multidisciplinary content, and make simulated decisions related to finance, sustainability, and citizenship. 

“Simulation-based learning provides knowledge retention up to 15 times greater than a purely lecture-based class. Thus, we have a cyclical, immersive, and participatory learning experience, with the active involvement not only of students but also of teachers and parents. Our Gamified Virtual Learning Environment engages, entertains, and educates students through a cross-curricular and multidisciplinary platform,” said Eduardo Schroeder, CEO and Founder of Tindin.