EduFi joins 500 Global's Sanabil accelerator in Riyadh
The Pakistani student lender was one of nine startups picked from more than 735 applicants for Batch 10, which EduFi describes as a seed round backed by 500 Global.
EduFi
EduFi runs a study now, pay later platform that pays tuition directly to partner colleges and universities and lets families repay in monthly instalments after a digital credit check. Incorporated in 2021, it began disbursing loans in Pakistan in 2024 under a non banking finance licence and now lists offices in Lahore, Riyadh and Muscat.
Lahore, founded 2021 Website
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How EduFi turned a tuition bill into a monthly instalment
Pakistan had no student loan product to speak of. EduFi built one by paying colleges directly, underwriting families itself and raising the country's largest pre seed round.
EduFi takes $250,000 first prize at LEAP 2025 in Riyadh
The Lahore student lender beat more than 2,000 companies in the Rocket Fuel Pitch Competition, the first Pakistani startup to win it.