We believe that education holds the strongest potential in transforming any society. This is why advanced nations channel a sizeable amount of their annual budget towards ensuring that families have access to quality basic education for their kids.
The situation in Africa is different. More than 30% of African families send their kids to private k-12 schools because public schools are not great. These schools unlike their western counterparts are small businesses, funded by private individuals. They are largely limited in resources and lack adequate support from the government.
Private schools have a unique business cycle. Their revenue and expense cycle are very different from a typical small business and because their banks do not account for this, the financial products and services offered to them are expensive, inaccessible, inefficient and usually not a good fit for their peculiarities.
This is why we built the Schoolable Pay. A free business account alongside all the important tools that schools will require to run an efficient business.
We have built a powerful invoicing software with unique bank account for families to help you send automatic payment reminders to parents, understand how money comes in, why it came in and for what reason it came in. We have removed all the maintenance charges associated with opening and operating a business account while ensuring highest security standards. We are making it easy for schools and their employees to access various financial services, like loans, pension, health insurance etc. We have built a simple online banking functionality that allows you send money to your suppliers and run your employee payroll every month. We provide you with a detailed report of all financial activities in your school so you are able to make sound business decisions.
This is why schoolable digital bank account is a great value for every school in Africa.
Open an account today!