Skookii
We helps K-12 schools & parents connect and transact fast We make collecting & sending payments (lunch, aftercare, athletics, etc) simple.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Debt | ||
| Total Funding | 000k | ||
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Skookii, Inc. operated as a fintech company that developed a cloud-based payment platform specifically for the K-12 school market. The company was founded in the summer of 2014 by Alisher Rakhimov. The inspiration for Skookii stemmed from Rakhimov's dual experiences as a parent frustrated with making numerous small payments for school activities and as a former business manager for a public charter school system, giving him insight into both sides of the transaction process.
The firm provided a platform designed to simplify the collection and payment of school-related fees, such as those for lunches, field trips, uniforms, and after-school programs. Its primary clients were K-12 schools, including under-resourced rural, charter, and smaller schools that often lack the budget for expensive financial software. Skookii's business model focused on providing its service for free to schools and parents, aiming to streamline operations, reduce the reliance on cash and checks, and minimize opportunities for fraud. A key feature was the ability for schools to onboard to the platform in about 20 minutes and utilize zero-cost ACH processing. For parents, the platform offered a single portal to manage all payments for their children, which could also include low-interest lending options for school-related expenses.
Throughout its operation, Skookii participated in several accelerator programs to refine its market strategy and secure financing, including the LearnLaunch Accelerator in Boston and Fintech71 in Ohio. By June 2018, the company was serving over 260 schools and had processed $3 million in transactions. It also received investment from Social Capital and entered a partnership with SDI Innovations for sales and marketing support. According to PitchBook, Skookii ceased operations as of February 2024.
Keywords: school payments, K-12 fintech, education finance, parent payment portal, school fee management, online school payments, digital payments for schools, Alisher Rakhimov, education payment platform, school transaction processing, charter school payments, mobile school fees, zero-cost ACH, education technology, school financial software, student fee collection, after-school program payments, school lunch payments, field trip payments, cashless schools