– SecureMyScholarship, a Dubai-based edtech platform, secures $550,000 in bridge funding, valuing the company at $6 million.
– The investment round sees participation from notable investors, including Kaustubh Wagle from Boston Consulting Group Middle East and Ramit Harisinghani from Chalhoub Group.
– Since its inception in November 2021, SecureMyScholarship has listed 414 universities on its platform and disbursed over $8.2 million in scholarships to over 1,500 students globally.
Dubai-based edtech platform SecureMyScholarship has secured $550,000 in a bridge funding round, valuing the company at $6 million.
The fresh capital infusion will fuel accelerated product development and expansion into the Indian market.
Investors participating in the funding round include prominent names such as Kaustubh Wagle from Boston Consulting Group Middle East, Ramit Harisinghani from Chalhoub Group, and Sabban Corp Investments, a Dubai-based venture capital firm focusing on early-stage investments across the GCC.
This latest investment brings SecureMyScholarship’s total capital raised to $1.2 million. The startup, already cash flow-positive and EBITDA-positive has made significant strides since its inception in November 2021.
With 414 universities listed on its platform, including major institutions in the UAE, USA, and UK, SecureMyScholarship has disbursed over $8.2 million in scholarships as of March 2024, benefiting more than 1,500 students globally.
Co-founder and CEO Craig Fernandes highlights the platform’s growing demand, with thousands of students visiting weekly in search of funding options.
While the platform remains free for UAE applicants, students from the USA and UK are charged a nominal one-time subscription fee of $50. Beyond scholarships, the platform assists students with various applications and processes.
Fernandes and his remote team, spanning 16 cities across five countries, aim to connect students with $100 million in scholarships by expanding the university network and enhancing the platform’s capabilities.
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