Studely, a fintech company based in France, is making its mark in India by offering specialized financial solutions to Indian students heading for higher education in France and Germany. This move comes at a time when the number of Indian students going abroad for studies is on the rise, with an estimated 7,50,000 students venturing overseas in 2022 and further growth expected from 2024 to 2032, according to a release published by ANI.
Recognizing the financial challenges faced by students, as highlighted by MPOWER Financing’s Social Impact Report, where 83% of students identified financial constraints as a major obstacle, Studely aims to provide a comprehensive solution.
The company aims to simplify financial planning and ensure a hassle-free experience for Indian students and their families. One of Studely’s key offerings is managing EU-compliant ‘blocked accounts’ for international students, a crucial requirement for student visas as it demonstrates sufficient financial resources for their studies.
In addition to managing accounts, the fintech company also provides logistical support such as facilitating payments, assisting with finding student accommodation and securing health insurance. All of these services are conveniently accessible through a user-friendly mobile app, putting control in the hands of students.
Since its establishment in 2016, Studely has expanded its presence to over 19 countries and has assisted more than 25,000 students in pursuing their education in France and Germany. In 2023, the company received a prestigious invitation from French President Emmanuel Macron, recognizing its high-quality services and innovative approach. This accolade underscores Studely’s dedication to empowering students and streamlining the path to European education.
