Education Partners initiate live operations on Qore, aiming to disrupt traditional education funding and advance essential Sustainable Development Goals in Africa.
Qore Technologies and Ed Partners Transform Education Financing in Africa
A groundbreaking partnership between Qore Technologies and Ed Partners is revolutionizing education financing in Africa. The collaboration introduces a scalable, compliance-ready digital platform that streamlines and democratizes how schools access and manage funding [1][3][4].
The partnership directly supports the achievement of Sustainable Development Goals (SDGs) 4 and 9.
- SDG 4 (Quality Education): By providing schools with more reliable and accessible financing, the partnership helps improve educational outcomes and expands access to quality education for Africa’s growing school-age population. Enhanced funding empowers schools to upgrade facilities and better prepare students for a digital economy, thus raising learning standards and equipping learners with relevant skills [1].
- SDG 9 (Industry, Innovation, and Infrastructure): The partnership exemplifies the use of homegrown technology and strategic collaboration to build resilient educational financial infrastructure. It drives innovation in education financing systems, supporting sustainable economic growth linked to improved educational attainment. The model encourages inclusive growth by integrating mobile money and digital finance tools into the sector, aligning with broader goals of building sustainable infrastructure and fostering innovation [1].
Qore Technologies, the provider of BankOne, Recova, and Pryme, is a leading Fintech Infrastructure and Banking-as-a-Service company. Trusted by over 520 institutions across 9 countries, Qore processes over $100 million loan disbursements monthly [5]. Ed Partners, a renowned education financing solutions provider, impacts the lives of over 120,000 students across more than 400 schools in Africa [2].
The partnership has already demonstrated significant success, with Qore's platform achieving a 49% increase in loan disbursements at e-Barcs MFB and 80% automation at Reliance Financial Services [3]. The collaboration automates core lending functions such as loan origination, processing, and collections, making the process more efficient and reliable.
The partnership aims to transform the education financing landscape across Africa, creating new opportunities for inclusive growth. Ed Partners is committed to increasing access to quality education for all, and Qore's unified platform is being used to deliver secure, efficient, and scalable financial services to schools and educational institutions [6].
By leveraging Africa’s rapidly growing digital payments ecosystem, the Qore–Ed Partners collaboration fosters inclusive growth, improved learning outcomes, and employability, simultaneously advancing Africa’s educational development while contributing significantly to broader economic and technological goals outlined in SDGs 4 and 9 [1].
References:
[1] Qore Technologies and Ed Partners (2022). Transforming Education Financing in Africa. Retrieved from https://www.qoretechnologies.com/blog/transforming-education-financing-in-africa
[2] Ed Partners (2022). Impact. Retrieved from https://edpartners.org/impact
[3] Qore Technologies (2022). Success Stories. Retrieved from https://www.qoretechnologies.com/success-stories
[4] World Bank (2022). Mobile Money in Africa: A Catalyst for Financial Inclusion. Retrieved from https://www.worldbank.org/en/topic/financialsector/brief/mobile-money-africa-catalyst-financial-inclusion
[5] Qore Technologies (2022). About Us. Retrieved from https://www.qoretechnologies.com/about-us
[6] Ed Partners (2022). Our Approach. Retrieved from https://edpartners.org/our-approach
The partnership between Qore Technologies and Ed Partners, two industry leaders in fintech and education-and-self-development sectors, is leveraging technology to revolutionize finance in the business of African education, thereby directly contributing to the achievement of Sustainable Development Goals 4 and 9. The collaboration aims to improve educational outcomes and expand access to quality education by empowering schools with reliable financing, thereby preparing students for the digital economy.
