Sproutly builds financial infrastructure for private K-12 schools in Nigeria, offering both software tools for school management and financing products for families. The company operates across payments, mobile banking, school accounting systems, and education credit, addressing the practical challenge of tuition collection and payment.
The company's product suite includes Sproutly Books for school financial management, Sproutly Mobile for family payments and savings, and Cowri, a flexible tuition credit product available at 2% monthly interest. Sproutly also offers Ulo, a school crowdfunding platform, and financing programmes for teachers to purchase laptops. These products serve over 1,000 schools and reach more than 150,000 students.
Sproutly began in 2021 as Sproutly Green, initially focused on financial literacy for children and teens. The company pivoted in late 2022 to concentrate on the core problem of helping schools manage finances and enabling families to pay tuition through flexible payment options. This shift reflected a strategic focus on the education finance gap in Nigeria's private school sector.
