Service Cops Limited through their School Pay Platfom and Furaha Finserve Uganda Limited have entered into strategic partnership in a groundbreaking move to revolutionize education financing.
The partnership aims to enhance accessibility to school fee financing and promote financial literacy among parents and students in Uganda.
The official launch was on February 6th, 2025, in Kololo attended by key stakeholders, media partners, and education industry representatives
“This partnership represents a significant step forward in our mission to make quality education accessible to all,” said Mr. Mathias Kamugasho, Service Cops Managing Director. “Together, we’re changing the lives of many parents, students, and education providers.”
Mr. Dennis Musinguzi, Furaha’s CEO, added, “Our collaboration with School Pay aligns perfectly with our vision of building Africa’s leading purpose-based financing platform. By leveraging our cutting-edge technology and School Pay’s commitment to education access, we are creating a solution that simplifies school fee payments and restores the dignity of parents and children across the country.”
Ian Fernandez, the founder of Furaha. said that “Some studies have shown that almost half of children drop off between secondary school and higher education and the major factor behind this is lack of finances. The ability to have finances towards education is a key factor. Therefore, having finances plays a key role in keeping learners in school.”
Key features of this partnership
• Affordable financing with low interest rates.
• Simplified loan application process.
• Real-time, direct-to-school payments.
• Flexible repayments of up to 90 days.
The service is available to the public through the Google and Apple App Stores. Customers can sign up using only their National Identity Card by going to http://bit.ly/furaha-app on their smartphones.
About Service Cops
Service Cops is a regional outfit with a presence in four countries and a stack of technology solutions serving Banking and Finance, Insurance, Education, and Payments. In pursuit of service excellence, the company has developed and implemented systems certified by international standards. As a result, the company has impacted the service industry through its technology, unique business processes, and outsourcing solutions locally and beyond.
About Furaha Finserve Uganda Limited:
Furaha Financial is a Ugandan company that combines the capability of a robust technology ecosystem with purposeful intent to change people’s lives. Driven by innovation, accountability, teamwork, and integrity, Furaha Financial provides purpose-based financing technology and expertise to enable accessibility and financial inclusion.
