Tyro, an Egypt EduTech platform is connecting students with qualified instructors through one on one group sessions while acquiring Nafham. The Egyptian social startup offers free crowdsourced educational content through share swap agreements. This agreement means Tyro’s leadership will take over Nafham’s management and operations while enhancing the customer experience of its 6 million users.
Tyro will stand out as the overall holding company while continuing to deliver live tutoring services and extend the group’s technological capabilities. Tyro has also secured kickoff funds for Nafham from several investors among them Flat6Labs, and NXL Partners.
Tyro CEO Mokhtar Osman said that the merger of the two companies, “make us the largest Edutech platform in the MENA region.” He went further to say, “we are well-positioned to take the platform to the next level.” Ahmed El Alfi, Nafham Co-founder said, “This deal has put an end to the on-going debate.”
Nafham is now the largest online educational platform across the Middle East with over 6 million users annually and 150 million views worth of video content. Nafham’s content is fixated on the school’s curricula of Egypt, KSA, and UAE for k12.
As an online tutoring platform Tyro looks to help thousands of students in their preparations for exams and learn new languages. Since its formation in 2017, the company has completed over 50,000 paid sessions, experienced a double digital scaling, and remains financially self-sustaining.
Amir Sabry, the co-founder of Tyro pointed out that online education is here to stay and its adoption has accelerated due to the pandemic. He further pointed out the firms’ commitment to delivering Edutech products and services for several years to come.
We are excited to announce the acquisition of digital health claiming and payments business, Medipass Solutions. This is a great step forward for our health payments and claiming business and we are delighted to welcome the Medipass team to Tyro. More here https://t.co/EqIBikuUcj
— Tyro (@Tyro) May 10, 2021