Fundtrak

Nigerian private schools (60,000+) run finances on cash, notebooks, and spreadsheets. Schools lose 15–30% of expected revenue to late payments, cash leakage, and poor tracking. Existing solutions force separate accounts per child/parent, creating friction and fragmentation.

Fundtrak is a complete financial operating system for schools:

• Automated fee collection with AI payment matching
• Full payroll and expenditure management
• NFC attendance with parent WhatsApp alerts
• Tuckshop wallet for in-school purchases
• One account per school, one per parent — regardless of number of children

Phase 2: school working capital loans powered by transaction data.

• Transaction fees: 1.5% capped at ₦650 (net ₦550 after Sterling)
• NFC attendance: ₦1,500/child/term
• Payroll: ₦25/transfer
• School loans: ₦5M avg working capital loans at 5%/term, repaid automatically from next term's fees — ~₦750K/school/year
• Deposit float: schools hold funds for payroll & expenditure

Unit economics: ~₦3.1M/school/year (base). With school loans: ~₦3.9M/school/year. At 40 schools = ₦150M+ annual revenue.

Ayomide Fajobi — Founder & CEO

• Banking engineering: ABSA, Barclays, Standard Bank SA, Nedbank
• Runs tech company (Tranarc Solutions) with engineering team
• Self-funded ₦20M+ over 3–4 years
• Active NAPPS (school association) member

60,000+ private schools in Nigeria. $400M edtech market growing 15–20% annually.

• Nigeria's cashless policy accelerating digital payments in education
• Schools actively seeking financial infrastructure — proven by inbound demand
• Transaction data moat enables lending — the real revenue multiplier