Google-incubated education fintech startup Financepeer announced the closure of a fresh funding round of $3 million, led by a Jaipur-based NBFC, MS Fincap. The Mumbai-based startup said the investment will be used to bolster its partnerships with educational institutions from the existing 1,800 schools to 5,000 schools in the next 12 months, to enhance its edu-fintech product offerings, accelerate product development, and enable organic growth in India.

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