Edvance
Edvance is a Malaysia-based SaaS platform founded in 2022 that automates school fee collection, invoicing, and payment reconciliation for private and international schools, while giving parents flexible digital payment options including Buy Now Pay Later.
- Company typePrivate
- Founded2022
- HeadquartersPetaling Jaya, Malaysia
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Edvance does
Edvance (legal entity: Edvance Digital Sdn Bhd, 1376221-D) is a Malaysia-based financial services SaaS company founded in 2022 by Edward C Ling and headquartered in Petaling Jaya. The company operates a cloud-based platform accessible via web browser that automates school fee collection, invoicing, payment reconciliation, and disbursement for private and international schools, kindergartens, and educational institutions. It addresses documented pain points — over 60% of schools facing payment or reconciliation issues, educators spending over 70% of time on non-educational work, and over 300 manhours per year on dispute resolution — by offering 24-hour onboarding, CSV-based integration with existing ERP/accounting systems, automated WhatsApp payment reminders, and consolidated financial reporting. The platform also serves parents and families as end-users, providing multiple digital payment options (credit cards, e-wallets, online banking), payment links and QR codes, and Buy Now Pay Later instalment plans delivered through partnerships with PCI DSS-compliant regulated financial institutions. Edvance makes money through subscription-based platform fees charged to schools (quote-based, monthly billing cadence) and possible transaction fees on payment processing. Distribution is sales-led via direct website contact for schools, with school-embedded WhatsApp-based onboarding and self-service portal access for parents. The company has secured a funding round from Hustle Fund and is supported by global and angel investors, and currently operates within a 1–10 employee footprint focused on the Malaysian market.
Edvance firmographics
Firmographics- Name
- Edvance
- Legal name
- Edvance Digital Sdn Bhd (1376221-D)
- Website
- https://edvance.school
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Edvance is a Malaysia-based SaaS platform founded in 2022 that automates school fee collection, invoicing, and payment reconciliation for private and international schools, while giving parents flexible digital payment options including Buy Now Pay Later.
- Ownership category
- akta.pro rank
Edvance industry classification
Industry- Product category
- Education Fintech / School Financial Management
- NAICS
- Educational Support Services (611710), Educational Support Services (6117)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Billing, Tuition, Fees & Payments (including Cafeteria/Meal Accounts) (EDAFAEAN)
- akta.pro secondary industries
- Payments, Cashiering & Payment Plans (EDALAJAE), Student Billing, Invoicing & Account Statements (EDALAJAC), Student Information Systems (SIS) & School Administration Platforms (EDAJAMAB)
Keywords
Where Edvance is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Edvance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- School Fee Collection Services: Platform fees charged to schools for automating fee collection, payment reconciliation, and financial management services. Schools can set up accounts with basic information and the platform handles ongoing fee collection and disbursement.
- Payment Processing Fees: Small processing fees may apply in certain cases for payment transactions, displayed prior to payment. The company emphasizes no hidden charges.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | School platform fees - not publicly disclosed |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Edvance product offering
Product offeringCore offering
Edvance operates a cloud-based financial services platform that automates school fee collection for private and international schools, providing automated invoicing, receipts, payment reconciliation, and guaranteed income disbursement to schools. For parents, the platform offers a frictionless portal to pay school fees via multiple payment methods (credit cards, e-wallets, online banking), access consolidated invoices and receipts, and set up flexible payment plans including Buy Now Pay Later instalments, with automated reminders delivered via WhatsApp.
Product overview
Edvance is a single unified financial services platform designed specifically for the education sector. The core Edvance Platform provides schools with automated fee collection, instant invoicing, payment reconciliation, and access to payment history. For parents, the platform offers a flexible payment portal to manage and pay school fees via multiple payment options, access invoices and receipts, and set up flexible payment plans. The platform is cloud-based, accessible from any browser, and can begin collecting school fees within 24 hours of agreement.
Differentiator
Problem solved
Functional benefit
Products and services
- Edvance Platform Cloud-based financial services platform that automates school fee collection, invoicing, receipts, payment reconciliation, and financial reporting for private and international schools, and provides parents with a portal to pay school fees via multiple payment methods (credit cards, e-wallets, online banking), set up flexible payment plans including Buy Now Pay Later, and manage multiple children's accounts in one place. Accessible from any web browser with no installation; can be activated within 24 hours of agreement.
Quantifiable outcome
- Schools can set up and begin collecting fees in as little as 24 hours
- +2 more outcomes
Companies that use Edvance
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Edvance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
Edvance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Leading Regulated Financial InstitutionscoreEdvance partners with leading regulated financial institutions to provide flexible payment options to parents, including Buy Now Pay Later services. These partners are PCI DSS compliant for secure payment processing.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Edvance competitors and assessment
Company assessmentDirect peers
- Flywire: Global education payments platform that enables schools, students, and families to pay tuition and related fees across borders. Highly comparable to Edvance in core school fee collection and reconciliation, though operating at much larger scale and broader geography.
- FACTS (Renweb/FACTS): K-12 tuition management and school administration platform serving private and faith-based schools in North America. Directly comparable to Edvance in automating school billing, payment plans, and financial reporting for school administrators and families.
- Tuition Express: School fee processing and electronic tuition payment service for K-12 schools. Closely mirrors Edvance's core functionality of automated fee collection, payment plans, and parent portals for tuition management.
- CPay (Community Brands): K-12 tuition and fee management platform offering online payment processing and payment plans for schools and families. Directly competes in the same school billing automation category as Edvance.
- PraxiPower: School billing and payment processing platform specifically designed for K-12 schools and districts. Comparable to Edvance in offering flexible payment plans, multiple payment methods, and reconciliation automation.
- Veracross: Integrated school information system for private and independent schools including billing, payment processing, and family portals. Comparable end-to-end school admin scope with embedded fee collection overlapping Edvance's offering.
Broad incumbents
- Blackbaud: Large incumbent provider of cloud software for K-12 schools, universities, and nonprofits, with tuition billing and payment modules. A much larger, established player that competes in adjacent spaces to Edvance's niche.
- Edlio: K-12 school communication, payment, and content platform serving public and private schools across the US. Comparable in serving school payment and communication needs but broader in product scope than Edvance.
Regional players
- iPay88: Malaysian payment gateway providing online payment processing for merchants across SEA. Comparable as a regional payment infrastructure provider, though not specialised in education like Edvance.
- Billplz: Malaysian and Southeast Asian payment platform offering online billing and payment collection for SMEs. Comparable as a regional billing/payments player operating in Edvance's home market, though serving a broader vertical.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Edvance social profiles
Digital presenceEdvance compliance and trust
Trust signalCompliance1 record
Edvance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Edvance leadership team
Management profileNumber of profiles
Edvance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Edvance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Edvance
What does Edvance do?
Edvance operates a cloud-based financial services platform that automates school fee collection for private and international schools, providing automated invoicing, receipts, payment reconciliation, and guaranteed income disbursement to schools. For parents, the platform offers a frictionless portal to pay school fees via multiple payment methods (credit cards, e-wallets, online banking), access consolidated invoices and receipts, and set up flexible payment plans including Buy Now Pay Later instalments, with automated reminders delivered via WhatsApp.
Is Edvance a public or private company?
Edvance is a private company. It is classified as venture growth investor backed and is currently operating.
When was Edvance founded?
Edvance was founded in 2022. It employs 1 to 10 people.
Where is Edvance based?
Edvance is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does Edvance make money?
Two revenue lines are on record. School Fee Collection Services are the primary driver. The others are payment Processing Fees.
Who are Edvance's main competitors?
Direct peers on record are Flywire, FACTS (Renweb/FACTS), Tuition Express, CPay (Community Brands), PraxiPower and Veracross. Broad incumbents are Blackbaud and Edlio. Regional players are iPay88 and Billplz.
Does Edvance have an API?
No public API is recorded for Edvance.
What industry is Edvance in?
Edvance's product category is Education Fintech / School Financial Management. Its primary akta.pro industry code is EDAFAEAN, Billing, Tuition, Fees & Payments (including Cafeteria/Meal Accounts), with a secondary code of EDALAJAE, Payments, Cashiering & Payment Plans. Its NAICS code is 611710 and its SIC code is 7372.