Arab Finance: Egypt-based edtech platform Educatly has raised $2.5 million in its latest funding round, Co-founder Abdelrahman Ayman revealed to Asharq Business.

This marks the platform’s second funding round since its incorporation.

Established in 2020 by Mohamed ElSonbaty, Abdelrahman Ayman and Joan Manuel, Educatly has concluded its $1 million pre-seed round in 2021.

Educatly serves 100,000 students from Egypt, Saudi Arabia, UAE, Nigeria, and Kenya.

The platform currently hosts 1,100 universities, with plans to expand this number to 1,500 by the end of the year, Ayman noted.

The funding will support Educatly's ongoing efforts to enhance educational opportunities for students across various countries.

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