United States · San Francisco, CA, USA · Moscow, Russia
Community and Lifestyle · Education · Software
StudyFree is a universal student-centric platform for international education admission with a focus on scholarships as a unique approach to entering the sector. The company helps students from underserved geographies (and income groups) to save up to +-$100,000 on tuition fees and allows flexible financing of education via scholarships, bank loans or income-sharing agreements from third parties. The team's goal is to become a leading player in a $15 billion international education admission services market today, growing globally at a rate of +-2.5% per annum to +$35 billion by 2040. The market growth for underrepresented markets takes up the largest portion of that growth. The platform is designed as a central hub for international students' needs ranging from financial assistance, visa application, housing, local support to career counseling - all services through partnerships. The company entered the sector in traditionally underrepresented geographies, targeting students from low- to middle-income groups. These groups cannot afford the admission consultancy fees charged by traditional online and offline agencies. Studyfree's fast growth over the past 12 months despite limited marketing and a lack of funding (they started with $600), their bootstrapping mentality, capable team, solid unit economics, recognition from the worlds' top accelerators and status as the worldwide winner of the 2020 Seedstars competition (5,000 contestants) make for an appealing investment case.
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