Saudi Arabia’s Madark closed a pre-seed investment round of an undisclosed amount through Lean Node Startup Studio.
Founded in 2020, Madark specializes in financing annual tuition fees and allows parents to pay various educational institutions in installments without interest. Prioritizing education, Madark’s concept is based on a Study Now, Pay Later model, allowing individuals to enroll in their desired educational systems without worrying about financial pressures. Companies and educational institutions will also benefit from an increase in the number of enrollments, and private schools and universities can collect tuition fees in a quicker and a more seamless way.
“We are pleased with the strategic partnership with the Lean Nod Studio for startups,” said Abdulhadi Al Muammar, CEO of Madark, “and we hope that the required goals will be achieved through this cooperation.” Abdulrahman Al-Zaid, COO of Lean Node Startup studio, agreed and added, “We look forward, through our partnership, to address the pain faced by parents and students in paying annual tuition fees.”