Bangalore: LEO1, an edu-fintech company, has partnered with Jyothy Institute of Commerce and Management, Bangalore, to introduce the Fee Reimbursement Card on campus. This first-of-its-kind card incentivizes students and parents for timely and advance fee payments while streamlining the institution’s financial processes.
Families are motivated to pay tuition fees on time as it rewards them with LEO1 Coins, where 1 LEO1 Coin equals one rupee. The card functions like a regular debit or credit card, enabling students to manage various expenses both on and off campus. With every transaction, students earn LEO1 Coins, which can be redeemed with 200+ brand partners, including PVR, Zomato, Uber, Starbucks, Myntra, and more—transforming everyday spending into valuable savings.
In addition to benefiting students, the partnership brings LEO1’s plug-and-play fee management software to the campus, simplifying administrative processes by tracking payments in real-time and managing student data efficiently. The partnership also addresses cash flow challenges through LEO1’s incentivization module, reducing manual efforts and enabling the institution to focus on expanding its academic and extracurricular offerings.
Rohit Gajbhiye, Managing Director & Founder of LEO1, said: “Managing educational expenses effectively remains a challenge, often creating financial strain for both students and institutions. LEO1 addresses this with India’s first Fee Reimbursement Card, enabling students to earn redeemable coins on every payment. These coins unlock discounts and vouchers, helping to ease costs and make education more accessible.”
He further added, “We are excited to partner with Jyothi Institute of Commerce and Management to bring this initiative to life. We are witnessing rapid adoption of the LEO1 model, with a total of 50 lakh LEO1 Coins redeemed in 2024 and an impressive 20 lakh Coins consumed in just January 2025. This trend is very promising, showing that students and families are actively embracing the opportunity to earn LEO1 Coins through timely payments, helping to reduce their financial burden to some extent. This collaboration aims to reshape the financial experience for students and institutions, empowering Jyothy Institute to enhance its offerings while enabling students to focus on their academic goals with greater confidence.”
Rajesh K, Executive Director, Jyothy Institute of Commerce and Management, said “At Jyothy Institute, we are focused on enhancing the educational experience through innovative solutions. Partnering with LEO1 to introduce India’s first Fee Reimbursement Card will streamline financial transactions for our students and parents, while rewarding timely payments. This initiative not only simplifies financial management but also promotes financial literacy among students and reduces some of the financial burden on families.”
LEO1’s platform also offers easy EMI-based fee financing. Students can top up their wallets, track their spending, and build better money management habits. To date, more than 5 lakh students have benefited from LEO1’s solutions, helping reduce financial stress and improve financial security. LEO1 was the finalist in IFTA for most innovative fintech start-up of the year in 2024.
