Saudi fintech platform Madark secures undisclosed pre-seed investment from Lean Node
Madark Secures Pre-Seed Investment for Education Financing Solution
Madark, a Saudi Arabian startup that specializes in financing annual tuition fees, has recently closed a pre-seed investment round. The investment was facilitated by Lean Node Startup Studio, a venture capital firm based in the region.
The Saudi-based company operates on a "Study Now, Pay Later" model, allowing individuals to enroll in educational systems without financial pressures. This innovative approach aims to address the common pain point faced by parents and students in paying annual tuition fees.
Abdulhadi Al Muammar, CEO of Madark, expressed his pleasure about the partnership with Lean Node Startup Studio, stating, "We are thrilled to have the support of such a reputable firm. This strategic partnership will undoubtedly help us in our mission to make quality education accessible to all."
Abdulrahman Al-Zaid, COO of Lean Node Startup Studio, shared his enthusiasm about the partnership, saying, "We are excited to be part of Madark's journey. By providing a seamless solution for tuition fee payments, Madark is set to revolutionize the education sector in Saudi Arabia and beyond."
The model allows educational institutions to collect tuition fees in a quicker and more seamless way, potentially leading to an increase in enrollments. Private schools and universities can benefit from this service, as it provides a more flexible payment option for students and parents.
While detailed information about the amount invested in Madark or its current status could not be found in recent search results, it is clear that this startup is making strides in the education financing sector. For the latest updates on Madark, it is recommended to check specialized startup databases, news portals focused on the Middle East tech ecosystem, or Madark’s official communications directly.
Meanwhile, another venture capital firm named Impact46 has invested $6.6 million across five gaming studios. Breadfast, a popular gaming startup, has also raised $10 million from EBRD as part of Series B2, with a valuation nearing $400 million. These developments further underscore the growing interest in tech startups in the region.
Madark's innovative approach to education financing, through the "Study Now, Pay Later" model, aims to alleviate the common financial burden faced by parents and students. This pre-seed investment round, facilitated by Lean Node Startup Studio, will support Madark's mission to make quality education more accessible.
