Jeel Pay Raises $6.7 Million for Education-Focused Fintech Solutions

faisal alhussayen, Jeel Pay Co-Founder & CEO

Saudi fintech startup Jeel Pay has raised $6.7 million (SAR 25 million) in a Pre-Series A funding round. The investment was led by JOA Capital, with contributions from Aljazira Capital and several angel investors.

Founded in 2022 by Badr Al Dughesh, Faisal Al Hussain, and Mohammed Al Khodair, Jeel Pay specializes in educational financing. Its "Learn Now, Pay Later" model enables parents to pay school fees monthly, while schools receive payments upfront, streamlining collections and improving cash flow for educational institutions.

Source: Startup Scene