FoondaMate, a South African edtech business, has received $2 million in seed funding from LocalGlobe, a UK-based venture capital firm, to expand its Whatsapp and Facebook-based learning chatbot globally.
Emerge Education, Odunayo Eweniyi via FirstCheckAfrica, Iyin Aboyeji via Future Africa, and LoftyInc, in addition to angels from Luno (Marcus Swanepoel) and Justworks, took part in the round (Isaac Oates). They join the XX accelerator, which was the startup’s initial investor.
Foondamate assists students with their review by providing instant answers to questions and availability to review papers, as well as providing guidance on how to respond to questions.
The firm, according to co-founder Dacod Magagula, is aimed at college students in developing regions where Whatsapp is extensively used and is less expensive or free to use.
He claims that the company’s learning chatbot is simple to use, inexpensive, and provides a structured alternative to using search engines for studying.
Educators can also use FoondaMate’s integrated tools to assign and post homework as well as share other educational materials with students.
When WhatsApp introduced its API in beta to allow businesses to communicate with clients in August 2020, Magagula claimed he began working on FoondaMate.
FoondaMate is being used by more than 400,000 students in more than 30 countries since its introduction, including Colombia, Mexico, Brazil, and Indonesia, where the firm launched new and has witnessed a boom in usage.
Magagula stated that the company is now focusing on localizing its learning materials in order to accommodate learners from more nations and accelerate the platform’s expansion to more than 50 million users. Its recent investment round has provided the necessary resources for this quick growth.
To make sure the students are safe on the platform, the firm has a team that evaluates where the bot gets its information and monitors the outcomes.
FoondaMate’s viral growth, according to LocalGlobe partner Ziv Reichert, indicates how effectively the product connects with learners and says a great deal about Dacod and Tao’s profound grasp of their users’ demands.
He went on to say that, after starting out with a vision to change the way African students learn, FoondaMate has grown into a tool that is today used and appreciated by students from all over the globe, with a variety of needs and learning styles.
To construct a product like this, the investors believe it takes a lot of empathy for the situation and a long-term perspective.
The way pupils study is changing as a result of technological advancements. Students of all ages are familiar with swiping a tablet and searching the internet for solutions. Edtech has transformed education by making it more accessible.
EdTech solutions must first and foremost make education interesting, enjoyable, and, most importantly, understandable for students.
This is how technology can assist in achieving it. Students no longer have to fail because platforms like FoondaMate can assist them to find answers to their questions.
Additionally, edtech like FoondaMate provides students with thorough, tailored feedback. It also helps learners by guiding them through the lesson and keeping them focused on WhatsApp, their favorite messaging app. Students can also get learning resources at a low cost, or even for free, owing to edtech like FoondaMate.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates.