Fly Finance
Fly Finance is a Noida-based fintech platform that aggregates banking partners to provide education loans, international money transfer, and overseas bank-account opening for Indian students studying abroad, operating under Leverage Edu.
- Company typePrivate
- Founded-
- HeadquartersNoida, India
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Fly Finance does
Fly Finance (fly.finance) is a Noida-based digital financial services platform operating under LEVERAGE ED-TECH PVT LTD that serves Indian students planning to pursue higher education abroad. The platform aggregates a network of 10+ banking and NBFC partners — including State Bank of India, Union Bank, HDFC Bank, ICICI Bank, Avanse, and Prodigy Finance — to facilitate education loans covering up to 100% of tuition and accommodation costs, with interest rates ranging from 8% to 14% per annum and maximum ticket sizes up to INR 2 crores. Beyond loan intermediation, Fly Finance offers international money transfer services (operated in partnership with RBI-regulated entities and FFMC licence holders at guaranteed FX rates with 2-day settlement), and a pre-departure international bank-account opening service for students heading to the UK, Canada, and Germany with zero account-maintenance fees and no minimum balance requirements.
The underlying technology is a web-based self-serve platform comprising an online loan eligibility checker, an interactive education-loan EMI calculator supporting Moratorium, PSI, SI, and Direct EMI repayment structures, and a digital onboarding workflow with KYC document upload and bank validation for international account opening. Distribution is hybrid: a sales-led bank-partner channel layers on top of a product-led growth motion in which EMI calculators, loan-eligibility tools, and SEO-driven educational content (blog, web stories, five social channels) generate top-of-funnel demand.
Fly Finance monetizes exclusively on a transaction-fee basis — earning commission/fees on facilitated education loans, margins on FX conversion, and fees associated with international account opening — with no recurring SaaS or subscription revenue. The primary customer segment is Indian outbound international students (USA, UK, Canada, Australia, Ireland, Germany), with a secondary 'Young Professionals' segment added for personal loans. The company benefits from operational and brand integration with its parent Leverage Edu, leveraging shared infrastructure and study-abroad funnel traffic.
Fly Finance firmographics
Firmographics- Name
- Fly Finance
- Legal name
- LEVERAGE ED-TECH PVT LTD
- Website
- https://fly.finance
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Fly Finance is a Noida-based fintech platform that aggregates banking partners to provide education loans, international money transfer, and overseas bank-account opening for Indian students studying abroad, operating under Leverage Edu.
- Ownership category
- akta.pro rank
Fly Finance industry classification
Industry- Product category
- Student Financial Services
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Loans & Financing for International Study (EDAIAOAL)
- akta.pro secondary industries
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Student Loan Marketplace Lending (FSAKAHAE)
Keywords
Where Fly Finance is headquartered
LocationHeadquarters
- HQ city
- Noida
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Fly Finance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure
Revenue model
- Education Loan Facilitation: Fly Finance earns commission/fees from banking partners (SBI, Union Bank, HDFC, ICICI, Avanse, Prodigy Finance) for facilitating education loan applications. The company negotiates interest rates on behalf of borrowers and processes applications through their network.
- International Money Transfer: Revenue generated from foreign exchange transfer fees and margins on currency exchange rates for international remittance services.
- International Banking Services: Fees associated with opening and maintaining international student bank accounts in UK, Canada, and Germany.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Education loans with up to 100% financing coverage |
| Transaction based/ take rate | Monthly | Interest rates ranging from 8% to 14% per annum |
| Transaction based/ take rate | Pay-as-you-go | International money transfer with transparent fees |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Fly Finance product offering
Product offeringCore offering
Fly Finance is a financial services platform that assists Indian students planning to study abroad with securing education loans through a network of banking partners including SBI, HDFC, ICICI, Avanse, and Prodigy Finance. The platform also facilitates international money transfers for tuition fee payments and remittances, and helps students open international bank accounts in the UK, Canada, and Germany. It operates as a wholly-owned brand under LEVERAGE ED-TECH PVT LTD and partners with RBI-regulated entities and FFMC licence holders for compliant forex operations.
Product overview
Fly Finance is a student-focused financial services platform offering a suite of products for international students. The core offerings include International Money Transfer (Forex) for cross-border money transfers with competitive rates, Education Loans that provide up to 100% financing for tuition and accommodation through partnered banks, and International Banking services enabling students to open bank accounts in Canada, UK, and Germany. Supporting these core products are utility tools including an EMI Calculator for loan planning and a Loan Eligibility Check feature. The platform operates in compliance with RBI regulations and partners with banking institutions including SBI, Union Bank, ICICI Bank, Avanse, and Prodigy Finance.
Differentiator
Problem solved
Functional benefit
Products and services
- International Money Transfer (Forex)
Quantifiable outcome
- Loans can cover up to 100% of education expenses including tuition and accommodation
- +3 more outcomes
Companies that use Fly Finance
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
Fly Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Fly Finance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Leverage EducoreParent company providing infrastructure and brand presence. Located at Leverage Edu office in Noida. Operates as LEVERAGE ED-TECH PVT LTD.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Fly Finance competitors and assessment
Company assessmentBroad incumbents
- Avanse Financial Services: Indian NBFC specialising in education loans for domestic and overseas studies. Acts as both a Fly Finance partner and a potential competitor in the same lending category.
- HDFC Credila: Specialist education loan lender and a subsidiary of HDFC (one of Fly Finance's partners). Represents the bank-owned lending alternative that competes with Fly Finance's marketplace model.
- Wise: Global cross-border payments platform with India-to-world corridor coverage and transparent pricing. Sets the benchmark for FX pricing that Fly Finance's remittance product must compete with.
Direct peers
- Yocket: Study-abroad platform serving Indian students with admissions, loans, and finance tools including EMI calculators and lender comparison. Comparable on the loan-facilitation and study-abroad funnel side.
- Niyo: Digital banking and forex platform targeting Indian travellers and students with multi-currency accounts and remittance services. Overlaps with Fly Finance's international banking and money transfer offering.
- WeMakeScholars: India-based education loan marketplace that connects students planning to study abroad with banks and NBFCs. Most directly comparable to Fly Finance in target customer, lender network, and intermediation business model.
- Leap Finance: Cross-border financial services platform for Indian students studying abroad, offering education loans, credit cards, and remittance. Directly competes with Fly Finance on student lending and cross-border payments.
- Prodigy Finance: Cross-border education lender serving international students including Indians, listed as a Fly Finance partner. Comparable as a competing origination channel for the same borrower and as a co-distribution partner.
- BookMyForex: India-based forex and remittance platform offering currency exchange, forex cards, and outward remittance to students and travellers. Directly comparable to Fly Finance's forex product.
Others
- Leverage Edu: Parent company of Fly Finance and an India-focused study-abroad platform providing admissions counselling, test prep, and loans. Highly relevant as the upstream funnel supplier to Fly Finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
Fly Finance social profiles
Digital presenceFly Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fly Finance leadership team
Management profileNumber of profiles
Profiles1 record
Fly Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fly Finance 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 Fly Finance
What does Fly Finance do?
Fly Finance is a financial services platform that assists Indian students planning to study abroad with securing education loans through a network of banking partners including SBI, HDFC, ICICI, Avanse, and Prodigy Finance. The platform also facilitates international money transfers for tuition fee payments and remittances, and helps students open international bank accounts in the UK, Canada, and Germany. It operates as a wholly-owned brand under LEVERAGE ED-TECH PVT LTD and partners with RBI-regulated entities and FFMC licence holders for compliant forex operations.
Is Fly Finance a public or private company?
Fly Finance is a private company. It is classified as corporate owned and is currently operating.
When was Fly Finance founded?
Fly Finance was founded in -1. It employs 51 to 100 people.
Where is Fly Finance based?
Fly Finance is headquartered in Noida, India, in the Asia region.
How does Fly Finance make money?
Three revenue lines are on record. Education Loan Facilitation is the primary driver. The others are international Money Transfer and international Banking Services.
Who are Fly Finance's main competitors?
Broad incumbents on record are Avanse Financial Services, HDFC Credila and Wise. Direct peers are Yocket, Niyo, WeMakeScholars, Leap Finance, Prodigy Finance and BookMyForex. Leverage Edu is listed as an others.
Does Fly Finance have an API?
No public API is recorded for Fly Finance.
What industry is Fly Finance in?
Fly Finance's product category is Student Financial Services. Its primary akta.pro industry code is EDAIAOAL, Loans & Financing for International Study, with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 5222 and its SIC code is 6162.