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Jodo: Pioneering seamless education payments

June 8, 2022

Over the past two years, institute owners witnessed unprecedented challenges, especially the ones pertaining to fee collection. Meanwhile, Jodo, a Bengaluru-based fintech venture has been bridging the gap between institutions’ need for timely fee collection and parents’ want for fee payment flexibility through its innovative payment solutions.

Founded in 2020 by IIT/IIM alumni with deep expertise in fintech, the category-creating company offers innovative financial products/solutions that ensure timely fee collections and increased cash flows for institutions while facilitating flexible fee payment options for parents. Thus far, the company has benefited over 50,000 parents & 500 institutes including coaching centres, schools, colleges, and after-school learning academies across the country.

“Educational institutions today use generic payment solutions which don’t take into account the specific needs of institutions and parents/students. Jodo’s products are well-designed and contextually built keeping in mind the nuances of education payments and hence significantly improves both the fee payment and collection experience,” Atulya Bhat, co-founder, Jodo.


The Jodo advantage

Jodo’s suite of carefully designed products that make fee payment and collection hassle-free for parents and education institutions respectively include:

Jodo Cred: Fee financing plan:

No-cost EMI options to pay the fee monthly for parents where institutions receive the fee upfront without any risk of delay or non-payment.

Jodo Flex: ECS Solution:

Parents can schedule payments to institutes by setting up auto-pay on pre-decided dates. The fee gets auto-debited and reaches the institution’s account on due dates. They’ve seen 98%+ on-time payments with this solution.

Jodo Pay: Custom payment gateway for educational institutes

Institutions can automate fee collection with payment gateway, links and QR codes. This enables parents to pay in multiple ways with just a few clicks.

Jodo partner institutes get access to exclusive benefits such as

  • Automation of fee collection providing multiple payment options to parents
  • Access to a smart fee dashboard for  a clear picture of the fee collection status and cashflow
  • The option to route funds to multiple accounts through a single transaction
  •  Seamless communication with parents through WhatsApp.
  • Enables institutions to gain the goodwill of parents by offering flexible options and a seamless fee payment experience


“We have a deep understanding of education payments. We’ve spent a lot of time with education institutions, we comprehend their process flow, and that’s why several educational institutions across the country use our products exclusively. Our biggest innovation is Jodo Flex. A truly one-of-its-kind product that leverages eNACH services for education fee payments, it has led to a massive transformation in how fees are paid by parents and collected by institutions,” says Koustav Dey, co-founder, Jodo.

A silver lining in the pandemic 

With institutions across the country confronted with unprecedented challenges during the pandemic, especially fee collection delays, drop-offs, constant follow-ups, strained institute-parent relationships etc., Jodo’s innovative products witnessed a manifold increase in demand. Unsurprisingly, within a year since its inception, Jodo signed up over 500 premier institutions across the country, with a 99 per cent success rate in ensuring timely and smooth fee collection for them.

Confident about the future, Raghav Nagarajan, co-founder, Jodo says, “With rising costs, parents/students look for convenient and flexible options that will allow them to pay instantly, schedule flexible instalments or pay by no-cost EMIS in a seamless experience. While institutes need guaranteed cashflows in a predictable schedule via fee payments or short term credit,  Jodo’s state-of-the-art technology (Payments/Credit/SaaS platform) will decouple these requirements and serve both institutes and parents at a low cost with high efficiency”.

Jodo Founders 

Jodo team

Koustav Dey, Co-founder, an alumnus of IIT Kanpur and IIM Bangalore, Koustav gained deep fintech expertise during his stint at Morgan Stanley & Matrix Partners. 

Raghav Nagarajan, Co-founder, an alumnus of IIT KGP, Raghav has in-depth financial services experience having worked with Barclays, Edelweiss and Matrix Partners. This is Raghav’s 2nd entrepreneurial venture having started Rupeevest – an online investment platform earlier.

Atulya Bhat, Co-founder, IITM and IIMA alum, Atulya has worked with Nomura, Goldman Sachs and Matrix Partners before co-founding Jodo.


Partner Institutions

“Jodo is doing a phenomenal job at easing out fee collections” – Deepanshu Arora, Co-Founder & CEO of Toddler’s Den

“Jodo has shown great  signs of improving collection efficiency and reducing fee collection cycle at Resonance” – Vijay Ahuja, CFO, Resonance, Kota

“Jodo is a superb company. We started with their solutions across our 7 institutes, and today it’s the only way of fee payments” – Dr. Thomas P John, Chairman, NPSG and T John Group

Partner Parents  

“The convenience of fee payment through Jodo is extremely helpful. It’s a unique concept and a novel idea. Simply brilliant.” – Rahul S Dhandhapani, parent, Royale Concorde Int’l School, Bengaluru

“A brilliant initiative for parents. I don’t have to bother logging in and paying a bulk amount every quarter for my kid’s school fees.” – Sumit Mehra, parent, Sherwood High, Bengaluru

“Jodo has done a very good job being a startup. It helps me in financial planning for the kids’ school fees. Now schools don’t need to follow up.” – Krishnan, parent, Carmel High School, Bengaluru

Want to know more? Request for a demo at or [email protected] or 9999906060. 
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