A fintech start-up that claims to help make paying ever-increasing private school fees more manageable for parents with a buy now, pay later-style platform has raised $10 million in funding, as it seeks to forge more partnerships with schools across the country.

Edstart, which is backed by National Australia Bank’s venture capital fund, says its platform helps smooth school costs over the year, and lets parents manage the irregular financing of activities such as music camps and school swaps by putting customers on repayment plans while it makes payments to the school.