TAIPEI â AmazingTalkera Taiwan-based global platform designed to help students find private tutors of languages ââand other subjects, including math, received $15.5 million in Series A funding. The round was led by CDIB Capital, with participation from JAFCO Asia and 500 Global.
AmazingTalker announced $15.5 million in Series A funding. Founders of AmazingTalker (left to right), Co-Founder and COO A-May and Co-Founder and CEO Abner Chao
Over the past five years, AmazingTalker has achieved an annual revenue growth rate of nearly 500%, with 60% of revenue coming from overseas. To date, it has approximately 8,000 registered tutors and 1.1 million registered users, and has recorded 5.5 million online class bookings.
Launched in 2017, AmazingTalker aims to facilitate learning through technology. It uses algorithms to match students and tutors accurately and efficiently in seconds. It provides an interactive learning environment that promotes teacher and learner independence. Students can communicate their needs directly to potential tutors without binding contracts or long-term payment obligations.
From a tutor’s perspective, the platform expands the pool of potential customers, and the core value is to allow them to maximize their earning potential by setting their fees independently. It also generates insights through the analysis of user behavior data to help tutors continuously improve the quality of their teaching services.
AmazingTalker plans to use the latest investment to expand its business in Southeast Asia, Japan, Korea, Europe and North America. It currently serves more than one million people in 190 countries in Europe, the Americas and Asia. It will also channel funds to recruit global talent and increase the number of international users.
“Our goal is to become the largest online tutor matching platform in the world,” said Abner Chao, co-founder and CEO of AmazingTalker. âThe injection of $15.5 million in Series A funding will help strengthen our product development efforts. We are expanding our offering to cover topics beyond language and recruiting service providers experienced in new areas. We look forward to helping more Tutors maximize their earning potential and continuing to improve the online learning experience for all of our users. Â»
So far, AmazingTalker has received over 15 million in funding from investors, including CDIB Capital, JAFCO Asia, 500 Global and SparkLabs Taipei.
The global appetite for learning continues to grow. According to Unesco, 470 million people will be pursuing higher education over the next 15 years, a figure that far exceeds university capacity and highlights the need for alternative sources of learning. By 2026, the total global e-learning market is expected to almost double from its 2019 level to nearly 400 billion dollars according to Statista.