South-African edtech startup, HyperionDev, seeks public investment to help it launch its R3.5 million coding scholarship programme for locals. It therefore encourages the South African to become stakeholders in its growing edtech business.
The capital funding drive by , which has so far raised a reported £1.5million (R32 million/ US$2 million) in capital commitments, targets widespread purchase of the startup's equity shares for R200 per share while contributing towards the coding scholarship fund, and its expansion plans into the US and UK markets.
Reports say over $400 00 has already been secured by the edtech startup, provided by some of the world's biggest tech organisations.
Its coding bootcamps, which it seeks to make available to deserving applicants who are unable to afford its tuition fee via its incoming scholarship programme, are also accessible to beginners, and students are able to complete the course using a computer or mobile phone device.
Investment applications open in February 2021.
South Africa In Focus
Population: 59.6 million (Compared to Nigeria's 206.6 million)
GDP: $369.85 billion (Compared to Nigeria's $504.57 billion)
GDP Per Capita: $6,193 (Compared to Nigeria's $2,465)