Stanbic Bank Uganda has partnered with FinCom Technologies, creators of the widely used School Pay platform, to launch the country’s first fully digital, pre-scored, and cashflow-aligned lending solution for schools.
The collaboration gives thousands of private education institutions immediate access to financing, helping them stabilise operations, invest in infrastructure, and accelerate digital transformation across the sector.
The SchoolPay platform, already used by more than 15,000 schools nationwide to manage tuition payments, will now allow institutions to access loans of up to UGX 1 billion directly through the platform. Applications can be tracked in real time, eliminating paperwork and branch visits, while aligning credit to schools’ cashflow realities.
Speaking at the launch, Tunde Thorpe , Executive Head of Business & Commercial Banking at Stanbic Bank Uganda, said, “we believe that when schools thrive, Uganda thrives. This partnership allows us to extend credit in a way that is simple, digital, and aligned with the real cashflow patterns of schools. It reflects our commitment to strengthen the institutions that shape the country’s future.
Joseph Ndiho, board chairman of FinCom Technologies, highlighted the innovation imperative. “This partnership marks an important step in our mission to build technology that solves real challenges. Together with Stanbic Bank, we are making credit more accessible, fully digital, and aligned with the day-to-day realities of school operations.”
The Ministry of Education also welcomed the initiative. Harriet Sekali, Commissioner for Private Schools & Institutions, noted that digital tools like School Pay improve financial transparency and that integrating efficient, affordable credit onto the platform strengthens learning environments and institutional stability. This partnership aligns closely with Stanbic Bank’s Positive Impact Framework, reinforcing financial inclusion, enterprise development, infrastructure investment, and social impact.
By supporting schools, many of which are women-led, the initiative also indirectly benefits youth and smallholder farmers connected to school supply chains. It is a clear demonstration of how technology, finance, and partnerships can advance national development while creating meaningful, measurable impact.
As Stanbic Bank celebrates 35 years of driving Uganda’s growth, this initiative underscores the bank’s long-term commitment to the sectors that drive economic and social development.
By strengthening schools, empowering teachers and learners, and supporting communities, Stanbic Bank continues to deliver on its purpose of driving Uganda’s growth.