DURBAN – Crowdfunding platform Feenix is connecting students with businesses and individuals who are able to donate funds to their tertiary fees.
The crowdfunding platform was launched in June 2017 as a response to the #FeesMustFall movement that spread across campuses in South Africa during 2015 and 2016.
Feenix Chief Operations Officer, Leana de Beer said that the crowdfunding platform seeks to create debt-free education and was co-created with students, as a digital space where businesses and individuals are able to donate funds for tertiary education.
"As an online platform, Feenix is scalable and transparent in that only 5 percent of funds raised are used for administrative costs. This ensures 95 percent of the funds are strictly used for the funding of student education," said de Beer.
Standard Bank is the founding partner of Feenix and they are in the belief that access to education should not be dependant on wealth.