In Nigeria, access to higher education remains a major challenge for many families due to the high cost of tuition fees. To address this, fintech company PressPayNg offers a digital solution designed to help parents finance their children’s education.

PressPayNg, a fintech solution developed by a Nigerian startup, enables parents of students to gradually save funds to cover their children's university tuition fees. Founded in 2021 by Abiola Metilelu, the platform aims to ensure uninterrupted educational paths for all, regardless of financial limitations.

"With the average cost of public universities in Nigeria at $125-$500 per year, the average cost of private institutions at $2,700 annually, and an average annual tertiary education dropout rate of 18%, affording and financing education have become fundamental challenges for Nigerians," the startup explains.

The solution is accessible through a mobile application available on both iOS and Android platforms. According to the Play Store, the app has been downloaded over 10,000 times. Beyond savings functionalities, PressPayNg also provides access to flexible educational loans, scholarships, and sponsorship opportunities through partnerships established with educational institutions, companies, and donors.

The startup's core mission is to democratize access to education through technology. By simplifying financial planning, it targets both parents and students, who often encounter financial instability during enrollment periods.

This approach aligns with a broader trend of financial and social inclusion, where fintech companies play a crucial role in addressing gaps left by traditional financial systems. Looking ahead, PressPayNg envisions building a sustainable education financing ecosystem, spanning from the initial tuition payment to professional integration, ultimately contributing to a more equitable and future-ready society.

By Adoni Conrad Quenum,

Editing by Feriol Bewa