Al-Wazzan Educational Group, Rasameel Investment House, and other investors joined AK Holding in a successful $4 million Series A financing round for Baims, the top educational technology startup in Saudi Arabia, Kuwait, Jordan, Bahrain, and Turkey.
An educational technology company called Baims operates in Saudi Arabia, Kuwait, Jordan, Bahrain, and Turkey. Its goal is to make higher education available and affordable to all MENA students, regardless of their financial position or family background. High-quality education is now affordable to all thanks to the Baims platform, which enables renowned educators to educate and students to study whenever and wherever they want at a fraction of the cost currently involved.
“We are thrilled to have the support of our investors, who share our vision of providing accessible and affordable education to students across MENA,” said Yousef Al-Husaini, CEO of Baims. “Baims is short for Big Aims. It was chosen because it is characteristic of young people, especially university students, who have their whole life and possibilities ahead of them and have big aims for the future.”
The cutting-edge platform developed by Baims provides a range of educational services and material, including custom video lectures, live events, chat rooms, and interactive exercises. Students can access these resources anytime, anywhere, and with an intuitive and user-friendly interface, making it simple for them to study at their own pace and on their own timetable.
“We are proud to lead the Series A investment round in support of Baims. We have followed its noticeable growth over the years and feel confident that it can grow even more to become the leading EdTech company in the MENA region soon. Baims stands out and the impact it brings to students is clear with its wide array of online courses. We have trust in the CEO’s vision and leadership to carry the company to bigger success. AK Holding Company values hard-working entrepreneurs such as Yousef Al-Husaini and his team. We will continue to support projects that bring added value to society.,” said Abdullateef Al-Thuwaini from AK Holding.
Baims intends to use the money from this Series A financing round to expand its marketing initiatives, speed up the creation of its innovative platform, and create fresh educational materials and services. Baims is positioned to have a significant influence on the future of education in MENA thanks to its creative approach to education and dedication to student empowerment.