Australian fintech company Ziksu has formed a partnership with Indian fintech Elanistech, which provides specialized financial services solutions for Indian students studying overseas, particularly in Australia.
Ziksu and Elanistech have formed a collaboration to introduce a fintech platform tailored to the requirements of Indian students studying in Australia. This platform will provide extensive financial services and a uniform interface exclusively built for their needs.
The fintech platform aims to cater to the specific market of student financing, which currently has an average annual value of student loans underwritten at around AUS$ 3.2 billion (approximately Rs 17,700 crore). This strategic collaboration will improve the financial experience for students and their families.
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In addition, Education Consultants and University Administrators, who are associated with the industry, will get advantages from the cutting-edge fintech solutions available. These solutions enable streamlined and expedited digital transaction processing.
Elanistech will provide accelerated loan application processing in collaboration with partner IDFC FIRST BANK Limited, allowing for customized lending choices for students and their families.
Karthik Srinivasan, Founder & CTIO of Ziksu, said, said: “We are delighted to introduce one of the best-in-class, fintech offerings to Indian students pursuing educational opportunities in Australia. Our aim is to streamline the entire financing value-chain from the pre-admission to the post-admission stage, leveraging on our world-class technology infrastructure, to tap into the 55,000 Cr Student Market in India.”
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