GrayQuest raises $9.3 Mn from IIFL Fintech Fund, Claypond and Pravega

GrayQuest, a fintech platform that focuses on education financing, has raised $93 million from IIFL Fintech Fund, Claypond, and Pravega Ventures. The company plans to use the funds to expand its offerings in the education sector, making it easier for students and parents to access financing for tuition fees. The platform aims to bridge the gap between education expenses and affordability by providing innovative financing solutions. This round of funding reflects the increasing interest in fintech companies that cater to the education sector, especially as rising tuition fees become a challenge for many families.