KITCHENER, Ontario, Sept. 17, 2024 (GLOBE NEWSWIRE) -- ApplyBoard, a leading international student mobility technology platform, has announced that it has secured a financing deal with RBCx, the technology and innovation arm of Royal Bank of Canada (RBC). The $100 million CAD facility offered by RBCx is available to accelerate product development, growth, and further global expansion plans for ApplyBoard.
"The international education landscape is rapidly evolving as we expect student mobility to double in the coming years, further validating the potential international students unlock for communities, economies and cultures around the world," said Meti Basiri, Co-Founder & CEO, ApplyBoard. "With the support from RBCx, we can enable our investment in technology and increase market expansion opportunities to bring more innovative products and offerings to both students and partner institutions."
As one of the first companies to build a technology platform to power student mobility, ApplyBoard continuously expands its innovative product offerings in support of the end-to-end study abroad journey, including expansion beyond the application and acceptance phase to language tests, loans, proof of finances, and more. In June, the company launched its patent-pending Generative AI advisor, Abbie, which offers personalized expert guidance and ...
