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Canadian Tech in 100 Words

ApplyBoard

ApplyBoard Secures $100M to Expand Global Reach

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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.

Kitchener’s ApplyBoard Launches AI-Powered Study Abroad Advisor

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Kitchener’s ApplyBoard has launched Abbie, an AI advisor set to transform the study abroad experience. Powered by Microsoft Azure’s OpenAI platform and the latest GPT models, Abbie offers personalized, high-quality support to students, recruitment agents, and stakeholders.

This AI-driven advisor provides comprehensive information on institutions, programs, and applications, significantly speeding up the process. ApplyBoard Co-Founder & CEO Meti Basiri highlights Abbie as a key step in their mission to make education accessible globally. Abbie’s multilingual, instant support features make it a valuable tool for the international education sector.

Want to know more? Check out the source code here.

ApplyBoard Founder Secures $40 Million to Launch Passage

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Martin Basiri, co-founder of ApplyBoard, has raised $40 million for his new startup, Passage, which aims to democratize educational opportunities in Canada.

Passage will leverage a “super app” to enable individuals from developing countries to digitally apply for studying or working in Canada. It will also provide connections to financial partners who can fund their journeys.

By addressing talent gaps and increasing immigration targets, Basiri envisions Passage as a catalyst for economic growth. With data analytics at its core, the platform will identify promising students with high earning potential.

Basiri’s mission is to unlock opportunities for talented individuals worldwide and make Canada a hub for diverse talent.

Want to know more? Check out the source code on the Globe and Mail.