Educatly, a global higher education network, has secured $2.5 million in new funding. This will help expand its market reach into Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
This follows Educatly’s rapid growth after a $1 million pre-seed funding round. Enterprise Ireland and Falak Startups were among the investors in that round.
The platform has research and development centers in Cairo and Dubai. They invest $500,000 annually to develop their digital platform. This platform meets global standards and offers seamless, tailored services to students.
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Commitment to Growth and Expansion
CEO and Founder Engineer Mohammed El-Sonbaty stated, “This investment marks a pivotal moment for Educatly. Our initial goal was to bridge the gap between students’ educational needs and the opportunities available, aligning these with their capabilities and ambitions.”
With this new investment, they plan to enhance services and expand operations across Africa and the Middle East. Their target markets include Egypt, Saudi Arabia, the UAE, Nigeria, Kenya, and Ireland.
In his remarks, Dr. Abdelrahman Ayman, Co-Founder and Chief Operating Officer stated, This funding underscores the vast potential of educational technology in our region.
“Since our inception, Educatly has focused on three core pillars: assisting students in choosing their fields of study, finding the best programs and universities, and connecting with a global network of students and alumni.
“We provide a comprehensive digital map of educational institutions and offer financial support through various instalment plans in collaboration with our partners. To date, we have reached over 3 million students, to increase this number to 7 million by the end of 2024.”
Educatly was founded in 2020 and guides students in making informed educational and professional decisions. The platform provides detailed information on schools and universities worldwide. This includes details on various programs and scholarships.
It also uses advanced artificial intelligence to ensure the accuracy of its information. This helps students make well-informed choices. The platform features over 1,100 universities across 90 countries.
Aditionally, Educatly offers services tailored to students’ needs. They help students select fields of study, find ideal programs and universities, and connect globally.
They also provide financial support through instalment plans with partners, helping students access the best educational programs.