#FinancialInclusion / Indian challenger Finwego looks to lend to private schools

Indian neobank Finwego is attempting to be the first bank built for the education sector in the country.

[CEO:] “Our aim is to deliver customised lending products for the rapidly growing private school education space in India.”

The neobank offers loans of up to $7,000 to individuals and $34,000 for institutions. The funds are secured by bank and non-bank partners holding Reserve Bank of India (RBI) licences.