Study in Australia: Ziksu and Elanistech Launch Fintech Platform for Indian Students

Empowering Indian Students: Ziksu and Elanistech Partnership

New Delhi: Australian fintech Ziksu has partnered with Elanistech, an Indian fintech company, to create innovative financial solutions tailored exclusively for Indian students pursuing higher education abroad, specifically in Australia.

The partnership aims to launch a fintech platform for Indian students studying in Australia, offering comprehensive financial solutions and a unified platform designed specifically for their needs.

Bridging Education and Finance

Speaking at the event held at the Australian High Commission in Delhi, Dr. Monica Kennedy, Senior Trade and Investment Commissioner – South Asia, Australian Trade and Investment Commission (Austrade), emphasized that Australia’s Ziksu and India’s Elanistech partnership exemplifies how technology is bridging sectors like education and financial services.

• The fintech platform will target a niche segment of student financing, addressing the average total value of student loans underwritten per year, which is around Aus$ 3.2bn (approx. Rs.17,700 crores).
• This strategic collaboration aims to enhance the financial journey for students and their families.
• Education Consultants and University Administrators will also benefit from these innovative fintech solutions, which provide simplified and faster digital transaction processing.

Indians represent the largest migrant group to Australia, totaling over 10 lakhs, with total remittances valued at around US$ 7 bn.

According to Karthik Srinivasan, Founder & CTIO of Ziksu, “Our aim is to streamline the entire financing value-chain from pre-admission to post-admission, leveraging our world-class technology infrastructure to tap into the Rs 55,000 crore student market in India.”