Klarity app gets acquired by Student loan NBFC Eduvanz

Eduvanz has acquired the student mentoring app called Klarity.

For the unaware, Eduvanz is a Sequoia-backed online education loan provider. It provides loans to students to be paid at a later date at zero interest rates in monthly installments instead of full yearly fees.

Eduvanz has its presence in 250 cities and have provided more than than Rs 200 crore in loans, says a report.

The four years old startup has so far gained investments of around $6 million from Unitus Ventures and Sequoia.

Now the acquisition has helped Eduvanz get Klarity’s userbase of more than 200 industry mentors across companies such as Amazon, Google, EY, Jio, HDFC Bank, etc, and over 300 education institutes.

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