Neev

What Neev does

Neev Credit Ltd. (doing business as Neev Finance) is a Kolkata-headquartered, RBI-registered Non-Banking Financial Company that finances education fees for parents of students attending pre-schools, K-12 schools, colleges, coaching centers, test-preparation classes, and vocational or skill-development institutions. The company was incorporated in 1996 in West Bengal and pivoted toward its current education-lending focus around 2016. It serves middle-class Indian parents who face lump-sum fee payment obligations (annual, half-yearly, or quarterly) and prefer monthly installments, as well as educational institutions that benefit from reduced payment friction with their students' families.

Neev's core product is a collateral-free education loan that covers up to 100% of fees — including tuition, transportation, books, and uniforms — with the company disbursing funds directly to the institution on the parent's behalf and collecting monthly EMIs from the borrower. The platform comprises the Neev Finance Android application, a web-based loan management portal, a partner enrollment portal for institutions, and a NACH mandate management service. Loan approval and disbursal is positioned to occur within 48 hours, with multiple repayment channels including Google Pay, Paytm, and PayU, and automated collection via NACH mandates. The company is integrated with the RBI SACHET portal for regulatory compliance and grievance redressal.

Neev earns revenue primarily through interest income on its education loan portfolio (a recurring stream) and through loan origination processing fees (a transactional stream). It distributes loans through three channels: direct digital self-service via the website and mobile app, an institutional referral network of empanelled schools and colleges (including DPS, Mount Litera Zee School, Orchids International, EuroSchool, Presidency Group, and ITM Group), and corporate partnerships such as the one with Ola serving driver-partner families. The company operates from offices in Bengaluru, Kolkata, and Mumbai, and is led by co-founders Nikhil Saraf (CEO), Amit Jaiswal (Partner at Grant Thornton India), and Samir Agarwal (co-promoter of Indcap Advisors), with no external private equity or venture capital backing disclosed.

Name

Neev

Legal name

Neev Credit Ltd.

Website

https://neevfinance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Neev Credit Ltd. is an RBI-registered Indian NBFC that provides collateral-free education fee loans to parents of K-12, college, coaching, and vocational students, disbursing funds directly to institutions and collecting monthly EMIs across Bengaluru, Kolkata, and Mumbai.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Education Loan Interest: Neev provides education loans to parents and earns interest income on the loan portfolio. Parents pay fees upfront by Neev and repay in monthly installments with interest.
2. Loan Origination Fees: Processing fees charged during loan origination from parent borrowers

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Neev Credit Ltd. (Neev Finance) is an RBI-registered NBFC that finances education fees for pre-schools, schools, colleges, tuition centers, coaching institutes, and vocational or skill-development courses. It pays up to 100% of fees (including tuition, transportation, books, and uniforms) directly to educational institutions on behalf of parents, who then repay Neev through convenient monthly EMIs on collateral-free loans.

Product overview

Neev is an RBI-registered NBFC offering a unified education financing platform centered on collateral-free education loans that enable parents to pay school and college fees in monthly installments. The core offering consists of the Neev Finance App (Android mobile application) and web-based loan management portal, complemented by partner enrollment, NACH mandate management, and quick inquiry sub-products. The company pays fees directly to educational institutions on behalf of parents, who repay through convenient monthly EMIs. The platform supports multiple payment methods including PayU, Paytm, and Google Pay, and utilizes NACH mandates for automated recurring repayments.

Differentiator

Problem solved

Functional benefit

Products and services

• Neev Finance App

Quantifiable outcome

• Loan approval and disbursement within 48 hours
• +1 more outcomes

Named customers12 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• OlacoreGTM or Marketing PartnerStrategic partnership where Neev provides education loans to children of Ola driver partners, enabling them to attend quality private schools. This corporate partnership was covered in major media outlets and demonstrates Neev's B2B2C distribution model through employer channels.
• DPS (Delhi Public School)coreChannel Partner/ Reseller/ DistributorNeev has partnered with DPS schools to provide education financing options to parents of students. DPS is one of India's largest school chains.
• Mount Litera Zee SchoolcoreChannel Partner/ Reseller/ DistributorNeev is an empanelled financing partner for Mount Litera Zee School network, enabling parents to pay fees in monthly installments.
• Orchids International SchoolcoreChannel Partner/ Reseller/ DistributorPartner school providing Neev's education loan services to parents of students at Orchids International School.
• Raisoni GroupcoreChannel Partner/ Reseller/ DistributorEducational institution partnership for providing education financing services to students' parents.
• ITM Group of InstitutionscoreChannel Partner/ Reseller/ DistributorHigher education institution partnership for education loan services.
• Presidency GroupcoreChannel Partner/ Reseller/ DistributorEducation institution partnership for providing education financing to parents of students.
• EuroSchoolcoreChannel Partner/ Reseller/ DistributorNeev is an empanelled partner for EuroSchool network, enabling fee financing for parents.
• Gowtham Model SchoolminorChannel Partner/ Reseller/ DistributorPartner school for education loan services.
• Jain GroupcoreChannel Partner/ Reseller/ DistributorEducation institution partnership for providing education financing services.
• Miles EducationminorChannel Partner/ Reseller/ DistributorPartner institution for providing education loan services for competitive exam preparation courses.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Auxilo Finserve: India-registered NBFC focused on education financing for K-12 and higher education. Operates a similar B2B2C model through institutional partnerships, with comparable ticket sizes, unsecured loans to parents, and EMI-based fee financing products.
• Avanse Financial Services: Education finance NBFC in India offering education loans and fee financing for schools, colleges, and vocational programs. Competes head-to-head for institutional partnerships and parent borrowers, with a larger AUM and established wholesale funding lines.
• Propelld: Bengaluru-headquartered education-loan fintech focused on higher-education and vocational financing. Competes on digital loan-origination velocity and unsecured underwriting within the same parent-borrower segment Neev addresses.
• HDFC Credila Financial Services: One of India's largest education-focused NBFCs, originally backed by HDFC. Offers unsecured student loans for domestic and overseas education with bank-like underwriting and NBFC flexibility — directly comparable product/market to Neev but at much greater scale.
• Eduvanz Financing: India-based NBFC/fintech that finances vocational, skill-development, and K-12 fee payments via EMI. Operates an analogous unsecured education-fee installment model targeting working professionals and parents in Tier 1/2 cities.

Emerging players

• InCred Finance: Tech-led Indian NBFC with consumer and education-loan verticals. Overlaps with Neev on digital origination velocity and unsecured retail credit underwriting for salaried and self-employed middle-class borrowers.
• Leap Finance: India-focused education-loan fintech targeting study-abroad and graduate-school financing. Overlaps on the parent/student unsecured education-loan use case but specialized in the overseas-tuition segment that Neev does not serve today.
• Buddy4Study / Education Loan Providers via SBI and public-sector banks: Education-financing aggregator and scholarship platform that funnels borrowers to NBFC and bank partners. Overlaps at the demand-capture layer, and the underlying partnered NBFCs (and PSU bank education-loan desks) compete with Neev on final disbursement.

Broad incumbents

• State Bank of India (Education Loan Program): India's largest public-sector bank offering unsecured and secured education loans through nationwide branch network. Sets the price/benchmark floor that Neev's unsecured K-12 fee loans must clear and is the default alternative for Neev's target borrowers.
• IDFC First Bank (Education Loan Desk): Private-sector bank with an active education-finance offering and digital origination. Competes with Neev on speed of disbursal and unsecured education-credit products while enjoying a deposit-funded cost-of-capital advantage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/NeevCredit
• Facebookfacebook.com/schoolfeesloan
• LinkedInlinkedin.com/company/neev-finance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Neev