Fintech startup Jodo, which specialises in payments for education, raised $15 million in new capital from investors including Elevation Capital and Matrix Partners India in addition to New York-based investment firm Tiger Global. In order to make it simple and reasonable for parents to pay for their children’s tuition, Jodo provides a selection of specialised payment and financing alternatives. According to the company, the money will be used to speed up product development and sales as well as to hire more employees. Additionally, it makes fee collection for academic institutions simpler. 40% of the nation’s educational institutions with which Jodo presently partners are offline kindergarten through grade 12 (K-12) schools.