Auxilo

What Auxilo does

Auxilo Finserve Private Limited is an India-based, education-focused non-banking financial company (NBFC) registered with the Reserve Bank of India (NBFC ID N-13.02186), founded in 2017 (incorporated in 2016 as Stellenyak General Finance Pvt. Ltd.) and headquartered in Mumbai. The company provides financing to Indian students pursuing higher education in India and abroad, covering tuition fees, living expenses, travel, pre-admission costs, and pre-visa disbursements, as well as institutional loans to schools, colleges, vocational training centers, coaching institutes, and play schools. Its product portfolio includes Studying Abroad Loans, Studying in India Loans, IndiaEd Smart Fee Solution (domestic K-12 to postgraduate loans with 48-hour digital disbursement), Executive Education Loans, Skill Development Loans, Refinancing Loans, Privilege Defence Loans, and an Education Institution Loans vertical branded EduVision. Auxilo also operates the ImpactX scholarship program and ACE Pack student services sub-brand.

The underlying technology is a digital lending platform with RBI Account Aggregator (AA) framework integration — Auxilo is an early adopter, enabling consent-based financial data sharing with banks including HDFC, ICICI, Axis, Kotak, SBI, and IDFC First, materially reducing manual verification and supporting paperless loan processing. Credit underwriting uses a proprietary multi-parameter model evaluating 15+ factors including student profile, co-applicant strength, university and course popularity, and future employability potential. Pricing is hybrid, with a floating Auxilo Benchmark Lending Rate (currently 15.10%) plus a risk-based spread; 100% financing is offered with repayment tenures up to 10 years.

Auxilo generates revenue primarily through interest income on disbursed education loans, supplemented by processing fees, pre-admission and pre-visa disbursement fees, and refinancing spreads. Distribution is omnichannel: a self-serve digital portal (auxilo.com and overseasloan.auxilo.com), 9 branch offices and 5 sales representative offices across major Indian cities, co-lending with Union Bank of India, digital lending service partnerships (Kuhoo Finance), and referral agreements with study abroad consultants (GradRight, GYANDHAN, Nomad, Spoctree, WeMakeScholars, Student Choice). The company has funded 15,000+ students, holds partnerships with 1,800+ universities across 25+ countries, and reported FY23 revenue of Rs 174-178 crore (~$21M) and a loan book of Rs 1,691 crore. It has raised approximately $145M from investors including Tata Capital Growth Fund, LeapFrog Investments, ICICI Bank, Trifecta Leaders, Xponentia, and AK Capital Finance, and carries a CRISIL A+/Stable rating on its NCD issuances.

Name

Auxilo

Legal name

Auxilo Finserve Private Limited

Website

https://auxilo.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Auxilo Finserve is an RBI-registered education-focused NBFC providing education loans to Indian students studying domestically and abroad, plus institutional financing to schools and training centers. It operates a digital lending platform with Account Aggregator integration, serving 15,000+ students across 25 countries.

Ownership category

akta.pro rank

Product category

Education Finance

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159), Loan Brokers (6163)

akta.pro primary industry

In-School Tuition & Fee Financing (Short-term/Bridge) (FSAKAEAG)

akta.pro secondary industries

Loans & Financing for International Study (EDAIAOAL), Continuing Education & Professional Certification Financing (FSAKAEAJ), Student Loan Refinance & Consolidation (FSAKAIAH), Student Loan Intermediation & Refinancing (FSAEAEAL)

Keywords

• Education loans
• Student lending
• Education finance
• Institutional lending
• NBFC services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Student Education Loans: Auxilo generates revenue primarily through interest income on education loans disbursed to students. The loans cover tuition fees, living expenses, and other education-related costs for students studying in India and abroad. Interest rates are floating, linked to the company's Benchmark Lending Rate plus a risk-based spread.
2. Education Institution Loans: Loans provided to educational institutions including schools, colleges, vocational training centers, and coaching institutes for infrastructure development and institutional needs.
3. Loan Processing and Service Fees: Fees charged for loan processing, pre-admission loans, pre-visa disbursements, and other service-related charges.
4. Education Loan Refinancing: Refinancing existing education loans at competitive rates, generating revenue through interest rate differentials and processing fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Auxilo Finserve is an education-focused NBFC registered with the Reserve Bank of India that provides a comprehensive suite of education loans to Indian students pursuing higher education in India and abroad, as well as institutional loans to educational institutions. Core offerings include student education loans (domestic and overseas), executive and skill development loans, loan refinancing, defence family privilege loans, and education institution loans for schools, colleges, vocational centers, coaching institutes, and play schools. The company delivers a digital-first lending experience with RBI-regulated Account Aggregator integration enabling paperless verification and 48-hour disbursement under the IndiaEd program.

Product overview

Auxilo Finserve is an education-focused Non-Banking Financial Company (NBFC) registered with RBI, offering a comprehensive suite of student and institutional loan products. The portfolio operates across two main divisions: Student Education Loans (including Studying Abroad, Studying in India, IndiaEd Smart Fee Solution, Executive Education, Skill Development, and Education Loan Refinancing) and Education Institution Loans (covering School & College Loans, Vocational College Loans, Coaching Institutes Loans, Play School Loans, and Edu SME Loans). The company also offers specialized products like Privilege Loans for defence families and maintains scholarship programs through ImpactX. Key differentiators include 100% financing, fastest loan sanctions, pre-admission loans, and multi-city co-applicant support. The digital IndiaEd Smart Fee Solution provides end-to-end digital loan processing with 48-hour disbursement to institutional accounts.

Differentiator

Problem solved

Functional benefit

Brands

• IndiaEd: Digital platform for domestic education loans providing direct fee disbursement to registered schools and colleges covering K-12 through postgraduate courses including engineering, medical and management disciplines.
• ImpactX
• EduVision
• Edu SME Loans
• GradRight
• TISCA

Products and services

• Studying Abroad Loan Education loans for Indian students pursuing higher education overseas, covering tuition, living expenses, travel, and other course-related costs. Loans are available for study destinations including the USA, Canada, Germany, Ireland, UK, Australia, Singapore, New Zealand, UAE, France, Netherlands, Switzerland, Sweden, and Spain.
• Studying in India Loan Education loans for domestic higher education in India, covering tuition fees and associated costs for various undergraduate and postgraduate programs at recognized Indian institutions.
• IndiaEd Smart Fee Solution Digital domestic education loan providing direct fee disbursement to registered schools and colleges. Covers K-12 through postgraduate courses including engineering, medical, and management disciplines. Processes applications digitally and disburses approved loans within 48 hours to institutional accounts.
• Executive Education Loan Low-interest loans for career development programs such as executive MBA and specialized executive education programs aimed at working professionals.
• Skill Development Loan Education loans for skill and vocational courses helping individuals acquire necessary skills and training to enhance employability and career prospects.
• Education Loan Refinancing Loan refinancing allowing borrowers to switch from existing education loans to Auxilo for lower interest rates and more convenient EMIs.
• Privilege Loans (Defence Education Loans) Special education loans for children of Indian Defence Forces offered at zero processing fees, supporting higher education aspirations of defence personnel families.
• School & College Loans Institutional loans for schools and colleges to support educational infrastructure and operational needs.
• Loans to Vocational Colleges Financial solutions tailored for vocational colleges and institutions providing industry-specific skills and knowledge training.
• Coaching Institutes Loans Financial solutions for coaching institutions providing tailored funding options.
• Play School Loans Loans for play schools supporting early childhood education institutions.
• Edu SME Loans Financial solutions for education SMEs and small businesses operating in the education ecosystem.

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

13 partnerships are on record, tiered supporting.

• Union Bank of IndiasupportingChannel Partner/ Reseller/ DistributorCo-lending partner for education loans, expanding Auxilo's distribution reach.
• Kuhoo Finance Private LimitedsupportingTechnology or IntegrationDigital Lending Partner operating under RBI's digital lending guidelines for the IndiaEd program.
• GradRightsupportingGTM or Marketing PartnerDigital platform for international education guidance partnered with Auxilo for education financing solutions.
• Student ChoicesupportingGTM or Marketing PartnerStudy abroad partner referring students to Auxilo for education loans.
• GYANDHANsupportingGTM or Marketing PartnerEducation financing partner providing student referrals for Auxilo loans.
• Nomad CreditsupportingGTM or Marketing PartnerStudy abroad consultant partner referring students for education financing.
• SpoctreesupportingGTM or Marketing PartnerFinancial aggregation platform partner for student loan referrals.
• WeMakeScholarssupportingGTM or Marketing PartnerEducation financing partner providing student referrals.
• ISIE India (Imperial Society of Innovative Engineers)supportingStrategic or Co-development PartnerPartnership for EV skill development programs, with Auxilo providing loans to ISIE students for skill development courses.
• Enviroskills AcademysupportingStrategic or Co-development PartnerHotel management education partnership providing student loans for vocational training programs.
• Learnet Skills LimitedsupportingStrategic or Co-development PartnerVocational skills training partnership with Auxilo providing education loans for skill development.
• BSBS Knowledge Ventures Pvt. Ltd.supportingStrategic or Co-development PartnerExecutive development program partnership providing student loans for the AKSelerator program.
• External Universities (1,800+)supportingStrategic or Co-development PartnerNetwork of 1,800+ universities across 25 countries where Auxilo has disbursed student loans.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• MPOWER Financing: MPOWER is a US/Canada-based fintech that funds international students at top universities without requiring collateral or cosigners. It directly competes with Auxilo's overseas education loan product for Indian students admitted to North American institutions.
• Avanse Financial Services: Avanse is an education-focused Indian NBFC offering student loans for domestic and overseas education plus institutional financing. It is the closest direct competitor to Auxilo, operating in the same regulatory category (RBI-registered NBFC) with a comparable product suite and target customer base.
• Prodigy Finance: Prodigy Finance provides loans to international postgraduate students, including many Indian students studying abroad. It is a direct competitor in the study-abroad loan segment, though headquartered in the UK and using a marketplace/investor-funded model rather than balance-sheet lending.
• InCred Finance: InCred is a tech-enabled Indian NBFC offering education loans as a core product alongside personal and SME loans. While broader than Auxilo, its education loan vertical directly competes for the same Indian student borrower segment and uses similar digital underwriting approaches.
• HDFC Credila: HDFC Credila is one of India's largest dedicated education loan NBFCs, offering student loans for India and abroad with similar underwriting and disbursement models. As a direct competitor backed by HDFC, it represents the gold-standard scale player in the same niche as Auxilo.

Emerging players

• Propelld: Propelld is an Indian education-focused digital lender offering financing for schools, coaching institutes, and students. It overlaps with Auxilo's education institution loan (EIL) vertical and parts of its student loan book, though at smaller scale.
• Leap Finance: Leap Finance is an emerging cross-border education financing and study-abroad platform focused on Indian students pursuing overseas education. It competes with Auxilo's overseas loan business with a more productized fintech-style experience.
• GYANDHAN: GYANDHAN is a study-abroad education financing marketplace that partners with multiple lenders including Auxilo. While Auxilo is a current partner, GYANDHAN's lender-agnostic model means it could disintermediate Auxilo by sourcing loans from competitors, making it both a partner and partial peer.

Broad incumbents

• ICICI Bank (Education Loans): ICICI Bank is a leading Indian private sector bank offering education loans and is also an existing Auxilo shareholder. It represents a broad incumbent that competes in education lending while also serving as an investor and potential co-lending partner, creating both overlap and strategic alignment.
• State Bank of India (Education Loans): SBI is India's largest PSU bank and the dominant education loan provider via the Vidya Lakshmi portal, offering government-subsidized rates and collateral-free thresholds. As a broad incumbent, it competes with Auxilo across both domestic and overseas education segments, with pricing advantages from sovereign backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AuxiloFinserve
• YouTubeyoutube.com/channel/UClc_BEIN262Fm5eY_8sPA5w?view_as=subscriber
• Facebookfacebook.com/AuxiloFinserve
• LinkedInlinkedin.com/company/auxilo
• Instagraminstagram.com/auxilofinserve

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auxilo