In a strategic move to enhance education access and affordability, Sabban Corp Investment Co. has announced a significant investment in SecureMyScholarship (SMS), a pioneering platform dedicated to connecting students with scholarship opportunities. Based in the UAE, SecureMyScholarship aims to simplify the scholarship application process, making higher education more attainable for students worldwide.
Investment Details
Sabban Corp recently led a $550,000 bridge funding round for SecureMyScholarship. This funding will support the platform in accelerating product development and expanding its operations into India. The goal is to connect more students with scholarship opportunities at prestigious universities globally.Since its inception, SecureMyScholarship has listed 414 universities on its platform, including major institutions in the UAE, USA, and UK. The platform has successfully disbursed over $8.2 million in scholarships, benefiting more than 1,500 students.
The service is free for students applying within the UAE, while those applying to universities in the USA and UK are charged a nominal subscription fee (YourStory.com) (EdTech Review).
Focus on Monetization and Growth
Craig Fernandes, founder of SecureMyScholarship, emphasized the importance of monetization from the outset, advising fellow entrepreneurs to prioritize generating revenue over fundraising. This focus has enabled SecureMyScholarship to become cash flow-positive and EBITDA-positive, demonstrating its financial stability and potential for sustainable growth (My Startup World). Sabban Corp Investment Co. is known for its focus on early-stage investments across the GCC region. Their participation in this funding round, alongside other notable investors, highlights their strategic interest in the edtech sector and their belief in the transformative potential of SecureMyScholarship (EdTech Review) (My Startup World).
Vision for the Future
The investment will support SecureMyScholarship’s vision to connect students with $100 million in scholarships by expanding its university network and geographical reach. With the ongoing support from Sabban Corp, SecureMyScholarship is well-positioned to make significant strides in the global education landscape (YourStory.com) (EdTech Review).
In conclusion, Sabban Corp’s investment in SecureMyScholarship underscores the growing importance of edtech solutions in democratizing education. This funding will not only bolster SecureMyScholarship’s growth and expansion plans but also contribute to the broader goal of making quality education accessible to students worldwide.
https://www.securemyscholarship.com/about-us
