Zinc, an Asian investment platform, has just closed a $25.5M Series A round to build Edu-Wealth Solutions—a one-stop-shop financial solution for Indian families seeking opportunities in global education. Find out how Zinc’s approach is already revolutionizing overseas education financing.
Zinc, an edu-wealth startup, has recently commenced the initial funding supported by Nexus Venture Partners, with Quona Capital, EDBI, Global Ventures, and Saison Capital. This funding will power Zinc’s audacious mission to disrupt the financial services industry for Indian families who aspire to study abroad.
A Network of Financial Systems:
Zinc offers a complete ecosystem tailored for families investing in international education, setting itself apart from conventional financial products. Founder Prashanth Ranganathan plans for Zinc to be more than just a match-making service to get students to college. This array of financial tools augments zinc’s product line useful in managing for currency fluctuations and inflation and can help families become financially secure in the long run.
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Zinc is leading the way with products such as Zinc Honors, an integrated platform for supporting a child’s education, and Ada, Zinc’s proprietary Artificial Intelligence-based counselor developed for Indian students. With the new capital, Zinc will target to offer its users international investment instruments, AI-based counseling services for university enrollment, and transnational payment services, thus increasing the platform’s utility.
The Structure of Regulatory Framework:
Zinc has already been in a regulatory process, it has the investment advisor registration from the Securities and Exchange Board of India (Sebi) and has been granted an in-principle approval for a payment service provider (PSP). The company also seeks a brokerage license from the International Financial Services Centres Authority (IFSCA) in GIFT City, where its operations are categorically lawful and safe.
The Vision Ahead:
Zinc’s mission is clear: to help Indian families develop sound financial instruments to access quality education worldwide. New Delhi-based Zinc, backed by Nexus Venture Partners, is all set to transform edu-wealth management so that Indian families can have choices for funding education for their children across geographic boundaries.
