Klickit, a payment management and digital collection platform for education fees, and EFG Hermes Corp-Solutions, EFG Hermes Holding’s subsidiary and a leasing and factoring company, entered into an agreement to provide education service providers with financial solutions to drive the sector’s growth and development.

Through the agreement, Klickit’s network of education providers will have access to EFG Hermes Corp-Solutions’ leasing and factoring services to finance their capital expenditures.

Capital expenditures financed through EFG Hermes Corp-Solutions’ leasing services encompass all types of assets, such as administrative and educational headquarters, school equipment, transportation fleets, and more. Education providers can also access their factoring services covering customer invoices and late payments in order to increase their cash flow, accelerate income, and avoid operational disruptions caused by overdue tuition fees.

“Our goal at Klickit is to alleviate financial hassles faced by education providers to let them focus on what they do best, which is building Egyptian youth’s skillsets and competencies. We’re proud to serve our network in the sector with a more comprehensive suite of financial solutions through this partnership, which opens doors for expansion, growth, and the opportunity to provide superior services and facilities to individuals and corporates. We expect that the combined offer to education institutions will transform the way they experience their day-to-day operations, as well as how they think of their long-term objectives,” Saeed Talaat, CEO of Klickit, said.

The startup was founded in 2017 and is a digital platform that facilitates educational payments and fees. Klickit offers parents and students an online payment platform that makes paying tuition fees faster, easier, and more affordable, by extending a range of payment solutions through its different partners, all while serving schools with a hassle-free, digital, and convenient collection and reconciliation tool.