Education technology is constantly evolving and Kortext, a leading provider of educational technology solutions for higher education, is leading the charge. The company recently announced that it has raised an undisclosed amount of funding from HSBC UK to continue digital transformation in higher education.
Kortext will use this investment to accelerate the development of AI technologies to revolutionise teaching and personalised learning, foster engagement, and enhance student wellbeing and successful outcomes. Founded in 2013, Kortex’s mission is to empower the next generation of difference-makers by offering an exciting opportunity of paid part-time, full-time and holiday internships and placements to talented third and final-year students and recent graduates.
The platform is currently used by over 4,500 universities globally and is focused on learner analytics to support student retention, engagement, continuation and successful outcomes.
Commenting on the funding round, Kortext’s CEO James Gray said: “This endorsement of Kortext reinforces our position as an EdTech sector leader, building upon our remarkable three-fold company growth over the past couple of years. We are committed to partnering with universities to transform teaching and learning during this generational shift to digital in higher education, leveraging data to enhance student engagement and outcomes. Our platform enables and enriches higher education, and we are looking forward to working with the HSBC team to reach even more students to empower them to reach their full potential.”
Roland Emmans, Head of UK Technology Sector & Growth Lending at HSBC UK added: “We are delighted to be working with a company as innovative as Kortext. Our Growth Lending Fund is for businesses who want to become global tech players by working with a global bank. We are very excited to help better serve our high-growth scale-up tech customers as the go-to bank for internationally focused, UK-based tech firms.”
Through HSBC’s strong international presence in markets such as India, Australia, sub-Saharan Africa, Southeast Asia and the Middle East, Kortext is well-positioned to capitalise upon new opportunities and deepen its global reach.
As teachers, we are excited to see the impact that Kortext will have on digital transformation in higher education and the potential for AI technologies to revolutionise teaching and personalised learning. We look forward to the company’s continued growth and success.
