Sencillo, a fintech platform that goals to assist dad and mom plan, fund and handle the bills related to their youngsters’s schooling, has secured a £350,000 funding.
The corporate cited figures placing the typical spending of fogeys for his or her youngsters’s schooling at between £3,600 and £15,000 a yr, rising considerably relating to unbiased education and college.
Sencillo claims its platform may help, providing dad and mom instruments together with a digital calculator to visualise the price of their little one’s schooling, allocation of financial savings and contributions to an schooling pool of cash and entry to tailor-made financing options for fast prices.
“Training is without doubt one of the greatest investments any father or mother will make. But for many, the method is fragmented, complicated, and annoying,” mentioned Sencillo founder and chief govt Adam Amos.
“Add in challenges such because the rising value of childcare, VAT on non-public faculty charges, and the rising accessibility hole for youngsters with Particular Academic Wants and Disabilities; it could actually really feel like an unattainable journey to navigate.
“We consider each father or mother ought to be capable to make knowledgeable, assured selections about their little one’s schooling.”
The funding was led by Gas Ventures with participation from angel traders.
“Adam’s imaginative and prescient for serving to dad and mom plan and fund schooling in a better, extra accessible means is strictly the type of formidable considering we search for at Gas,” mentioned Mark Pearson, founding father of Gas Ventures.
“Sencillo is tackling actual challenges inside the schooling sector that have an effect on thousands and thousands of households throughout the UK and we’re proud to again Sencillo at this early stage.”
