ScholarX has launched Village, an education crowdfunding platform where African students (Secondary, undergraduate and graduate) seeking financial assistance can create a funding request to pitch themselves to the public on why they should receive donations to help fund their tuition.
Donors do not need to worry about their contributions as ScholarX has put measures in place to prevent theft or scam. This is why “We control the entire process to ensure its integrity, and so we pay directly once we receive the funds on behalf of the students”, the startup said in a statement.
On why the education crowdfunding platform was introduced, SchorlarX explained that “In a country like Nigeria with a huge youth population, the difference between staying in school and street hawking could be as little as N5,000 ($15). Thus, We need more sponsors to bridge this gap.”
How it works
- Secondary (high) School and University students
- ScholarX verifies the profile manually (working on a proprietary product that automates the process using Blockchain Technology)
- ScholarX pays directly on behalf of the funded student.
- Donations can be made in Naira (Paystack/Bank transfer) or Dollar (stripe), and currency conversion is in built.