Saudi startup YaSchools has announced the successful closure of a $600,000 seed funding round, revolutionizing education management in the process. The company, founded in 2021 by Egyptian entrepreneurs Mohamed Zohair, Ahmed Mahdy, and Yasser Nasr-Aldin, aims to improve the education experience through its innovative platform.
YaSchools provides a first-of-its-kind platform that manages the entire educational ecosystem, acting as a bridge between schools, teachers, and students. Leveraging big data, artificial intelligence, and financial technologies, the platform streamlines administrative tasks and enhances efficiency.
One of the standout features of YaSchools’ platform is its microlending solutions, which offer parents payment plans to cover educational expenses. Since launching micro-lending services in early 2023, the startup has received financing requests worth over $40 million, solidifying its position as a strong partner for investment entities in the education sector.
Currently, YaSchools boasts 1,750 registered schools and serves 2,500 teachers and over 92,000 parents. This impressive client base positions the startup as one of the fastest-growing in the education sector.
Mohamed Zohair, co-founder and CEO of YaSchools, expressed his confidence in the platform and its ability to bridge gaps within the education system. As a regulator of the education ecosystem, YaSchools provides a compass for parents and automates administrative tasks such as admission, registration, and tuition fee collection.
Zohair emphasized the company’s goal of creating a hassle-free education journey for parents and reducing their financial burden. To achieve this, YaSchools plans to introduce additional services and products to its system in the future.
Yasser Nasr-Aldin, co-founder, chief strategy officer, and head of investment at YaSchools, confirmed that the recently secured funding will support both existing and future expansion plans. The company is currently preparing to launch in Jordan, with the roll-out expected within a few weeks.
Nasr-Aldin also outlined YaSchools’ broader expansion strategy, targeting the Middle East, North Africa, and Turkey (MENAT) region. By tailoring localized services to meet the needs of parents in each country, the startup aims to provide the best educational solutions for their children.
The MENAT market size for YaSchools is estimated to encompass around 56 million students attending 270,000 schools, generating $110 billion.
As part of its current offerings, YaSchools provides an Islamic-compliant line of credit that enables users to pay educational expenses in installments of up to 12 months. Cooperation with reputable financial entities, such as Tasheel Finance, Alinma Bank, Al Yusr Financing and Leasing Company Finance, Wataniya Finance, Al Amthal Finance, and Tabby, helps facilitate these services.
YaSchools represents a transformative force in the education sector, empowering stakeholders by integrating technology and data-driven solutions into the management process. With its impressive growth and expansion plans, the startup is poised to reshape education management throughout the MENAT region and beyond.
