Snapask Plans Further Expansion in Southeast Asia with Latest US$ 35 Million Funding
Snapask, a fast-rising startup focusing on education technology, has made major inroads throughout the Asian region including Hong Kong, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Japan, and South Korea since its inception in 2015 in Hong Kong. In 2020, Snapask has succeeded in securing the latest round of funding totaling over US$ 50 million, including a recent US$ 35 million fund led by investors Asia Partners from Singapore and Intervest from South Korea, among others.
Timothy Yu, Founder and CEO of Snapask, remarked that the fresh injection of funds will go towards further cementing Snapask’s presence in Southeast Asia. Notably in Vietnam, where the company sees massive market potential for its product, and Singapore, where it plans to open the regional headquarter. The company will also focus on the development of analytics products to promote self-directed learning technology and video learning content. Nick Nash, Co-Founder & Managing Partner of Asia Partners, expounded further “Snapask is a clear illustration of Asia Partners’ focus in solving the growth capital funding gap for tech companies in Southeast Asia.
The company has already demonstrated a strong product-market fit in Hong Kong, Taiwan, and Singapore. As well as successfully expanding in emerging markets like Indonesia, Thailand, and Malaysia. The company exemplifies the interest in humble ‘Rhinos’, which focused on sustainable growth with a clear path to profitability.” Positioned as Asia’s leading education technology brand promoting self-directed learning, Snapask is making a revolutionary impact on education. The company matches students with quality tutors for instant one-on-one learning sessions. One of the main goals is to develop students’ habit of asking questions and raise their interest in learning. Through today, Snapask has served over 3 million students in Hong Kong, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Japan, and South Korea.
Snapask is a mobile app that allows students to ask questions with a snapshot and then matches them with a tutor within seconds to have an instant learning session one-on-one. Founded in 2015, Snapask is now serving over 3 million students with more than 350,000 tutors in 8 Asian regions — Hong Kong, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Japan, and Korea. Apart from the app, Snapask also develops B2B solutions with AI technology to provide personalized learning resources through big data analysis.