The Clap
EFG Hermes Finance, a subsidiary of EFG Hermes (HRHO), announced cooperation with “Klickit”.
Klickit
Klickit is a digital platform for managing and collecting tuition payments.
The Deets
Under the agreement, EFG Hermes Finance will provide funding to Klickit’s network of schools by providing fees to schools in advance, and collecting them later.
EFG added that the agreement will also provide schools with rental services, and this will include administrative buildings, and the transportation network.
Why this Matters
This agreement will help educational institutions and schools affiliated with “Klickit” to have enough liquidity to cover their needs.
