Schoolable

Schoolable is a Lagos, Nigeria-based financial technology company operating in the pre-tertiary education sector in Africa. Its core service is tuition collection for K-12 private schools: Schoolable pays school fees for parents upfront and allows parents to repay on a flexible monthly plan, which lets participating schools receive up to 80% of their expected fees within roughly two weeks of resumption rather than across a term.

Beyond fee financing and collection, the company describes an ecosystem approach in which schools gain access to loan facilities and to a network of vendors and service providers at discounted rates. Third-party profiles categorize it across EdTech, financial services and "EdFinTech," describing it as focused on making affordable finance accessible within the African private school system, and also referencing school finance management and business tools.

Business model

Schoolable pays private school fees upfront on behalf of parents and lets parents repay in flexible monthly installments, while schools receive a large share of expected fees early in the term. The company also positions schools to access loan facilities and to buy from vendors and service providers at discounted rates, and encourages a fee-savings culture among parents.

Revenue derives from financing and collecting school fees on behalf of private schools, with parents repaying in monthly installments; associated school lending and vendor/service-provider arrangements are also part of the offering.

Traction

Third-party trackers list the company as operating, with an employee range of 11-50 and total funding of $190K; the Y Combinator directory reports a team size of 10 and an active status.