Education technology has come a long way since its inception, and its latest development is the emergence of YaSchools, an innovative education management solution that is transforming the educational landscape in Saudi Arabia and beyond. Founded in 2021 by Egyptian entrepreneurs Mohamed Zohair, Ahmed Mahdy, and Yasser Nasr-Aldin, YaSchools is revolutionizing the way schools, teachers, and students interact, using big data, artificial intelligence, and financial technologies to streamline the process of educational management.
YaSchools has just secured an impressive $600,000 (2.203 million dirhams) seed round, led by a group of angel investors. This investment will help the company expand into the Middle East, North Africa and Turkey (MENAT) region, starting with Jordan.
The platform offers a range of innovative services, including microlending solutions that help parents pay their children’s educational expenses. In just two years, the company has already registered 1,750 schools and served 2,500 teachers and more than 92,000 parents. Additionally, YaSchools has processed financing requests worth more than $40 million since launching its microlending services in early 2023.
Commenting on the fundraising, YaSchools Co-founder and CEO Mohamed Zohair said: “The seed round closure confirms the investors’ confidence in the platform and the influential role it plays in bridging the gap within the education system. As a regulator of the education ecosystem, YaSchools became the parent’s compass along the educational journey and the schools’ “business partner” by automating all the administrative work such as admission, registration, and tuition fee collection.”
YaSchools also offers an Islamic-compliant line of credit that allows users to pay educational expenses in instalments of up to 12 months in cooperation with many notable financial entities such as Tasheel Finance, Alinma Bank, Al Yusr Financing and Leasing Company Finance, Wataniya Finance, Al Amthal Finance, and Tabby, the leading provider of buy now, pay later (BNPL) solutions.
The MENAT region is a particularly attractive market for the company, with a potential size of 56 million students at 270,000 schools generating $110 billion in educational expenses. With the recent announcement of a $50.4 billion investment in the education sector as part of Saudi Arabia’s Vision 2030 strategy, YaSchools is well-positioned to become one of the fastest-growing startups in the educational sector.
YaSchools Co-founder and Chief Strategy Officer & Head of Investment Yasser Nasr-Aldin commented on the investment: “The fresh funding will be used to shore up the company’s existing and future expansion plans. Currently, the company is gearing up to launch in Jordan. The decision is based on an actionable plan that has been finalized and will be activated within a few weeks.”
YaSchools is making a huge impact in the field of educational technology, simplifying the education experience for teachers, students, and parents alike. With the help of the latest investment, the company is poised to expand its reach in the MENAT region and make a lasting contribution to the region’s education landscape.
