SecureMyScholarship raises $550,000 to connect students with scholarship opportunities

🎓 Here’s SecureMyScholarship! The UAE-based edtech company helping connect students with scholarship opportunities and providing assistance with loan applications, visa applications, and university application submissions.

Did we mention they just raised $550,000 in a bridge funding round?

• Founded in 2021 by Craig Fernandes and Ian Fernandes, as of March 2024, the platform has managed to list 414 universities on its platform, including nearly all of the private universities in the UAE, over 220 in the USA, and over 150 in the UK.

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💰 Investor lowdown: The round was led by Kaustubh Wagle, Managing Director at Boston Consulting Group Middle East; Ramit Harisinghani, General Manager of the Devialet and Dyson brands at Chalhoub Group; and Sabban Corp Investments, a Dubai-based VC firm.

• The latest investment brings the startup's total capital raised to $1.2 million.

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⚙️ Break it down

The platform functions as a comprehensive scholarship search engine, collecting a variety of scholarships—including merit-based awards, need-based grants, and university offerings—for over 80,000 courses.

• Since launching it has listed 414 universities, covering nearly all private universities in the UAE, more than 220 in the USA, and over 150 in the UK.

The site also simplifies the application process with a user-friendly interface and provides personalised guidance through a dedicated support team to help students navigate financial aid challenges.

• The platform is completely free for students applying for scholarships in the UAE. For those applying to scholarships in the USA and UK, a nominal one-time subscription fee of $50 is charged.

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🎯 How’s it going?

The startup has disbursed over $8.2 million in scholarships, which has helped over 1,500 students secure scholarships and enrol in their dream universities around the world.

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🔮 Flashforward

SecureMyScholarship will use the fresh funds to accelerate product development and expand the startup's operations into India.