M&A

M&A

Teens-focused neobank Fyp acquires edtech startup Edunify

Mint  

Fyp, a Gurugram-based neobank for teenagers, has acquired Lucknow-based edtech startup Edunify, aiming to expand its user base through school tie-ups across India. Started in 2018, Edunify claims to run a pan-India school discovery platform with 1.2 Lakh schools in 725 cities. It also claims to have helped 1.5 lakh parents in their admissions journey since inception, empowering over 100 schools in seven cities with their admission and fee management services. Fyp claims to have acquired over 5 lakh users within three months of its full product launch, adding 1.5 lakh -2 lakh users every month.