What is AssessPrep
Founded by Shikhar Sethi and Karan Gupta, AssessPrep is a next-generation assessment platform built for K-12, IB, IGCSE, and A-Level institutions. The idea was simple but powerful: assessments shouldn't be a logistical burden. They should be a tool for growth.
The platform lets educators create rich, interactive assessments, deliver them in secure lockdown environments, grade with AI assistance, and pull actionable insights on student performance, all in one place. What used to take days of manual work now happens in hours.
Schools noticed. AssessPrep now works with 800+ institutions across 85+ countries, from international schools in Dubai and China to districts in the United States. They've generated over 5 million student submissions and saved teachers more than a million hours of work. The product is rated 4.9 on G2, and the growth has been consistent.
But with a global school network came a global payments problem, one that every Indian SaaS company collecting USD and international revenue knows well.
The Problem
When your clients are schools across the US, UAE, and Europe, international payments are a regular part of running the business. Subscriptions are annual, invoices go through procurement, and payment cycles are longer than they would be with a typical consumer product.
That's just how enterprise sales work. But on top of that, AssessPrep was dealing with problems that had nothing to do with how schools operate, and everything to do with how traditional banks handle international payments.
A 4-day wait, every single time
International payments through traditional banks don't move fast. Between the school initiating a transfer and the money actually landing in AssessPrep's account, 4 working days would pass. When you're managing subscriptions from hundreds of institutions across multiple time zones and currencies, those days stack up. Revenue recognition, vendor payments, payroll planning, all of it had to account for a buffer that shouldn't have existed in the first place.
You knew money was coming. You just didn't know what you'd actually get.
The exchange rate applied to an inward remittance isn't something Indian banks advertise upfront. By the time the payment settled, the rate had already been applied, with a markup built in. For a company collecting USD and AED from schools around the world, that invisible spread was a steady, quiet drain on margin.
Compliance that fell entirely on the team
Collecting international payments into India means dealing with FIRC documentation for every inward remittance, a regulatory requirement under RBI guidelines. For AssessPrep, sourcing these certificates meant going back to the bank for each transaction, manually, every time. It worked, but it added overhead that had nothing to do with building a better product.
What changed with Infinity
AssessPrep switched to Infinity to collect their international payments, and three things shifted immediately.
1) Money in the account the next day
The 4-day wait became 1. Payments from schools in the US and UAE now settle within a day. That's not just a faster number. It changed how AssessPrep thinks about cash flow. Revenue stopped being something to estimate and started being something to plan with.
2) No more guessing on FX
Infinity settles at the live interbank rate with zero markup. The amount a school pays in USD is the amount AssessPrep receives in INR equivalent, nothing quietly taken out in conversion. Across a growing volume of annual school subscriptions, that's a meaningful difference that shows up directly in the numbers.
3) FIRA, sorted
Every settlement through Infinity comes with an auto-generated FIRA certificate from an RBI-authorised bank. The compliance piece is handled automatically, and AssessPrep's team doesn't have to spend any time on it.
The Outcome
AssessPrep has processed over $1 million in international payments through Infinity, with faster settlements, lower fees, and full visibility into every transaction.
For a company that's built its reputation on making complex processes simple for schools around the world, Infinity made sure their own payment infrastructure finally matched that standard.
What is AssessPrep
Founded by Shikhar Sethi and Karan Gupta, AssessPrep is a next-generation assessment platform built for K-12, IB, IGCSE, and A-Level institutions. The idea was simple but powerful: assessments shouldn't be a logistical burden. They should be a tool for growth.
The platform lets educators create rich, interactive assessments, deliver them in secure lockdown environments, grade with AI assistance, and pull actionable insights on student performance, all in one place. What used to take days of manual work now happens in hours.
Schools noticed. AssessPrep now works with 800+ institutions across 85+ countries, from international schools in Dubai and China to districts in the United States. They've generated over 5 million student submissions and saved teachers more than a million hours of work. The product is rated 4.9 on G2, and the growth has been consistent.
But with a global school network came a global payments problem, one that every Indian SaaS company collecting USD and international revenue knows well.
The Problem
When your clients are schools across the US, UAE, and Europe, international payments are a regular part of running the business. Subscriptions are annual, invoices go through procurement, and payment cycles are longer than they would be with a typical consumer product. That's just how enterprise sales work. But on top of that, AssessPrep was dealing with problems that had nothing to do with how schools operate, and everything to do with how traditional banks handle international payments.
A 4-day wait, every single time
International payments through traditional banks don't move fast. Between the school initiating a transfer and the money actually landing in AssessPrep's account, 4 working days would pass. When you're managing subscriptions from hundreds of institutions across multiple time zones and currencies, those days stack up. Revenue recognition, vendor payments, payroll planning, all of it had to account for a buffer that shouldn't have existed in the first place.
You knew money was coming. You just didn't know what you'd actually get.
The exchange rate applied to an inward remittance isn't something Indian banks advertise upfront. By the time the payment settled, the rate had already been applied, with a markup built in. For a company collecting USD and AED from schools around the world, that invisible spread was a steady, quiet drain on margin.
Compliance that fell entirely on the team
Collecting international payments into India means dealing with FIRC documentation for every inward remittance, a regulatory requirement under RBI guidelines. For AssessPrep, sourcing these certificates meant going back to the bank for each transaction, manually, every time. It worked, but it added overhead that had nothing to do with building a better product.
What changed with Infinity
AssessPrep switched to Infinity to collect their international payments, and three things shifted immediately.
1) Money in the account the next day
The 4-day wait became 1. Payments from schools in the US and UAE now settle within a day. That's not just a faster number. It changed how AssessPrep thinks about cash flow. Revenue stopped being something to estimate and started being something to plan with.
2) No more guessing on FX
Infinity settles at the live interbank rate with zero markup. The amount a school pays in USD is the amount AssessPrep receives in INR equivalent, nothing quietly taken out in conversion. Across a growing volume of annual school subscriptions, that's a meaningful difference that shows up directly in the numbers.
3) FIRA, sorted
Every settlement through Infinity comes with an auto-generated FIRA certificate from an RBI-authorised bank. The compliance piece is handled automatically, and AssessPrep's team doesn't have to spend any time on it.
The Outcome
AssessPrep has processed over $1 million in international payments through Infinity, with faster settlements, lower fees, and full visibility into every transaction.
For a company that's built its reputation on making complex processes simple for schools around the world, Infinity made sure their own payment infrastructure finally matched that standard.