TechInAfrica – An EdTech startup founded by a Tunisian activist Amira Yanyaoui, Mos, has raised a $4 million seed round to help students in the US to apply to every state grant and scholarship and which they are qualified to.
Students who seek out financial aids to fund their higher education through Mos platform will get $15,000 in college financial per year. It only takes them around 20 minutes to apply for financial aids through the platform.
By far, Mos has raised funding from several ventures capitalists, including from Uber’s Co-Founder, Garrett Camp; Kleiner Perkins’ Chairman, John Doerr; Base Ventures, Sweet Capital, among others. Overall, the capital funds it raised in 2018 stood at $1.6 trillion.
Mos is dedicated to helping students to find federal or state financial aids, supporting students and parents through the application process, assisting students in their financial aid offices, as well as making the application process of the scholarship simplified.
Mos’ Founder, Amira Yahyaoui, the platform aims at making confusing financial aid process more automated and help the students find the qualified scholarship to fund their education in the schools of their dreams. Though federal and state governments have provided financial aid programs for students, it’s usually hard to figure out which one that works for them. Therefore, Mos is there to help these students.
“There is $135B+ in financial aid made available to students in the US annually, but a good chunk of the aid never gets used. Why? Because applying to financial aid sucks. Most of us don’t know of all the programs that exist or the eligibility requirements for each. Identifying and applying to all the programs that a student qualifies for can take weeks of research and filling out forms. Many students just fill out FAFSA®, which doesn’t include a whopping $12B in state gift and work aid.”
Mos explained that the firm will support financial aid of around $15,000 per student per year.