Kitchener-Waterloo’s ApplyBoard has secured a $100 million credit facility from RBCx to accelerate growth and expand beyond English-speaking countries. CEO Meti Basiri announced that the funds will support international student mobility to 20 new destinations by 2030.
The EdTech company, founded in 2015, already serves over 1,500 post-secondary institutions. The funding may also fuel future mergers, but research and development are priorities. ApplyBoard’s expansion comes amid declining student visa approvals in Canada. “Opportunities exist in these challenges,” said Basiri.
Want to know more? Check out the source code on BetaKit.