Jodo is a fintech startup aimed at serving the needs of middle-income households in urban India.
Basic Information
Jodo focusses on building tailored financial products for middle-income households. Its flagship product - Jodo - aims to help families manage the academic expenses of their children. Jodo offers customers the option to convert the lumpy two to three installments, into a monthly payment plan, at zero percent interest rate. The startup partners with schools to offer payment plans to the parents. For customers opting for the Jodo payment plan, the startup pays the fees on behalf of the parents, and then collects it from them in tranches through the year. The values of the repayments depend on the parents’ cash inflow profile. They don’t charge any interest rates on the fees - only a nominal one-time processing fee for enrolling parents into the payment plan.
Legal Name
:
Bharosepe Technology Services Private Limited
Headquarters
:
Bangalore, Karnataka, India
Founding Date
:
2020
No. of Employees
:
41 to 60
Core Team
:
1.
Koustav Dey
Co-Founder
2.
Atulya Bhat
Co-Founder
3.
Raghav Nagarajan
Co-Founder
Funding
Total Funding
$3.8M
Investors
:
1.
SAIF Partners
2.
Matrix Partners India
Round 1
$15M
Series Name
:
SERIES-A
Date
:
9th Aug 2022
Investors
:
1.
Elevation Capital
2.
Tiger Global Management
3.
Matrix Partners India
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