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Home Education South Africa's Education Finance Specialist Fundi Acquires EduOne

South Africa’s Education Finance Specialist Fundi Acquires EduOne

Fundi, South Africa’s main training finance and fund administration specialist, has acquired EduOne, a Cape Town-based training expertise startup.

According to Fundi’s CEO Makgau Dibakwane, the corporate plans to combine different key companies, corresponding to training financing choices, a web-based store, and a bursary finder.

Founded in 2015 by Jason Basel, James Kieser, Pieter Strydom, and Ben Rath, EduOne was developed in response to their very own challenges and experiences of accessing and transferring by way of the training system. The platform builds and develops digital platforms to assist folks with profession steering, bursary beneficiary recruitment, and mentorship packages. It presents tertiary funding, training planning, e-learning profession steering, web-based platform companies, and so forth.

Fundi is a specialist in B2B training finance for workers in addition to a cashless resolution for one’s enterprise. It additionally offers fund administration companies to establishments in any respect ranges, in addition to fund administration options for company bursary packages.

Speaking concerning the acquisition, Makgau Dibakwane, CEO of Fundi, mentioned,

“Acquiring EduOne has been a natural next step for Fundi. It speaks to our long-term and legacy vision for education in South Africa and across the continent. As a similarly ‘disruptive’ business, we are also very well aligned. EduOne was the first in a wave of student-centric start-ups that have effectively democratized education, enabling access for all. Fundi’s funding offering has ensured that this access becomes a reality for many. This essential philosophy of making education ‘a reality’ is a core element of Fundi’s DNA – making this partnership so exciting for us as a growing business.”

In 2016, Fundi grew to become EduOne’s largest stakeholder because it crammed the corporate’s total seed funding spherical. Since the acquisition, work is already underway to combine the 2 options, with EduOne’s profession steering software, EduConnect, having been included into the Fundiverse as FundiJoin.

Jason Basel, CEO of EduOne, mentioned,

“This acquisition means that Fundi can reach its audiences with unprecedented scale and depth of value going forward. As a united team, we’re on the same page, have the same mission, and are looking forward to an exciting and successful future together – where we continue reframing and reimagining the future of education in Africa.”

Last 12 months, FundiJoin (then EduConnect) serviced over 2.7 million college students and engaged over 1,200 highschool educators throughout the nation to make sure college students make higher training and profession decisions.

About the Author

Author: Shalini Pathak

Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s main edtech media & neighborhood. She has over 4 years of expertise in media, masking completely different beats. Like all writers she’s an enthusiastic reader first with a ardour to create out of the field content material, and a capability to put in writing about any subject. As part of the ETR group, she’s going to cowl the most recent within the edtech trade with a give attention to edtech startup tales and their funding.

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