Some six years ago, Danilo Costa abandoned his career in law and delved into the world of education. Coming from a family of teachers, he focused on setting up full-time primary and secondary schools aimed at Brazil’s low and middle-income households, eyeing up what he saw as a gap in the market.
Soon, he came up against one of the sector’s biggest challenges: debt. He noticed that families would repeatedly delay the payment of monthly tuition fees, leaving them with the challenge of settling their dues at the end of the year to re-enroll their child for the next...
