I liked this note from wamda about the pre-seed round of new Kuwaiti FinTech, Ruba:

Fintech startup Ruba, a platform that aims to make education accessible to all, announced that it has raised an undisclosed amount in an oversubscribed pre-Seed funding round.

Ruba addresses a pain point in relation to school fees. Currently, parents pay hefty tuition fees over 2 to 3 instalments every school year, which in many cases results in cash flow stress. Ruba provides them with a convenient, seamless and fully-digital option of paying monthly over up to 12-months, at zero cost.

As the release highlights, it can be quite a crunch to deal with large school fees two or three times a year… and if you haven’t been saving, it can be rather difficult to deal with. I think there could well be a lot of demand for this type of service, not just in Kuwait, but all across the Middle East (and beyond).

Good luck to the team at Ruba!

About Ewan

Ewan is Founder and Editor of FinTech Profile and Mobile Industry Review. He writes about a wide variety of mobile and FinTech industry issues and is usually active on Twitter most days. You can read more about him or reach him with these details.

Source: http://fintechprofile.com/2022/10/24/ruba-helping-kuwaiti-parents-spread-the-cost-of-school-fees/