# LEO1

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leo1

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.leo1.in
- Total disclosed funding: $25M
- Latest round: Series B (Oct 22, 2021)
- Investors on record: 13

## About

Based in Maharashtra, India, and founded in 2017 by CEO Rohit Gajbhiye, Gajju Technologies Private Limited doing business as LEO1 formerly known as Financepeer, operates as a fintech company providing an online fintech platform connecting lenders with borrowers. In June 2024, LEO1 raised venture funding from Ardent Ventures, DMI Sparkle Fund, DMI, 9Unicorns, LC Nueva AIF, and Maxar VC. 

LEO1 developed a mobile application platform for Android and iOS smartphone users. Its platform provides zero-cost EMI loans, allowing parents to pay their children's school fees in manageable monthly installments. The company offers a wide range of solutions such as rewards for timely payments, educational insurance to ensure learning despite financial setbacks, and reward ecosystem credits parents with FP Coins for every fee payment. In addition, the firm leverages artificial intelligence to perform background checks through the Know-Your-Customer framework and credit ratings. 

The company plans to use the funding from June 2024 to utilize the funding for innovation, technological advancements, and expansion efforts to address cash flow challenges in educational institutes and provide innovative solutions to students across India.

## Funding rounds

- Series B, Oct 22, 2021, $24M — Aavishkaar Capital, QED Investors, RM Capital Partners, Earlsfield Capital, LVX, 100Unicorns, Yukti Securities, Ardent Venture Partners, DMI AIF Sparkle Fund, AngelBay, Netgraph Investment, Maxar.vc
- Angel, Sep 29, 2019, $0.7M — PitchRight Ventures

## Investors

- PitchRight Ventures (https://capitalatlas.ai/funds/pitchright-ventures) — Angel
- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B
- RM Capital Partners (https://capitalatlas.ai/funds/rm-capital-partners) — Series B
- Earlsfield Capital (https://capitalatlas.ai/funds/earlsfield-capital) — Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series B
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series B
- Yukti Securities — Series B
- Ardent Venture Partners (https://capitalatlas.ai/funds/ardent-venture-partners) — Series B
- DMI AIF Sparkle Fund (https://capitalatlas.ai/funds/dmi-aif-sparkle-fund) — Series B
- AngelBay (https://capitalatlas.ai/funds/angelbay) — Series B
- Netgraph Investment — Series B
- Maxar.vc — Series B