TAIPEI, Nov. 6, 2024 /PRNewswire/ -- HiTeach has been named one of the Best Teaching Software of 2024 at Taiwan's Prestigious EdTech Awards, standing out from over 100+ companies and 250 products. This award highlights HiTeach's transformative impact on classroom learning, simplifying teaching processes and enhancing data-driven education.
HiTeach showcased its newest innovations, including Generative AI integration, collaborative mind maps, and AI-powered classroom tools, which are already implemented in over 10,000 smart classrooms across Taiwan. These tools allow teachers to effectively manage lessons, assessments, diagnostics, and personalized learning plans, enabling them to better understand and support each student's individual learning needs.
Among the features demonstrated was HiTeach's GPT-enhanced classroom collaboration system, which supports real-time interaction through mind maps and AI-driven content analysis. With tools like AI Text Analysis, AI Sokrates, and AI speech recognition scoring, teachers can seamlessly integrate their custom lesson plans and digital textbooks with the AI models, creating tailored AI-powered teaching materials.
Moreover, the judges highlighted HiTeach's unique solutions for enhancing digital teaching and lesson observation. Leveraging HiTeach AI Sokrates technology, teachers can effortlessly incorporate technology into their classrooms, allowing them to review recorded lesson activities, expert feedback, and more, making it easier and more efficient to engage in lesson planning and teaching strategy discussions.
There will be a EdTech Expo, running from November 14 to November 17 at the Taipei World Trade Center. Teachers from top Taiwanese schools will share how HiTeach supports digital learning, AI tools, and innovative teaching strategies. Attendees can participate in a lucky draw for a chance to win free HiTeach software licenses, offering the opportunity to experience the future of classroom technology firsthand.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
2024 EdTech Awards Recognize HiTeach as One of the Best in Teaching Software
Fintech leader strengthens position in cross-border B2B payments and trade finance, eyeing rapid growth across Asia, including China and India
AMSTERDAM and SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the successful completion of a $15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, IntesaSanPaolo, Heliad and other top-tier global investors. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan's leading banks and a major financial force in the APAC region, brings both capital and strategic alignment to the partnership. Beyond the equity investment, MODIFI and SMBC have signed a Memorandum of Understanding (MoU) to jointly advance digital solutions that support SME exporters across Asia in expanding their international trade operations. Through a series of joint initiatives, MODIFI and SMBC aim to empower SMEs with innovative cross-border financing solutions.
The announcement comes on the sidelines of Singapore Fintech Festival, showcasing MODIFI's drive for innovation in the global fintech landscape. This new capital infusion will accelerate MODIFI's expansion, particularly in high-growth markets like China and India, where the company has already made significant inroads. MODIFI's platform delivers critical liquidity and flexible payment terms to small and medium-sized enterprises (SMEs), helping them optimize cash flow and expand their international reach.
"The funding underscores the strength of our business and the confidence our investors have in our vision for the future," said Nelson Holzner, CEO and Co-founder of MODIFI. "As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders."
MODIFI's exponential growth has solidified its position as a market leader in cross-border payments and trade finance. Recognized by Financial Times and Statista as one of the Fastest Growing European Fintech Companies in 2024, MODIFI has facilitated over $3 billion in global trade for more than 1,800 companies since it was founded in 2018. The platform offers instant working capital approval, alongside integrated risk management tools that shield businesses from buyer defaults and fraud.
"Our mission is simple: We empower SMEs to compete and thrive in the global market with fast, flexible, and secure payment solutions," added Holzner. "With this fresh funding, we're set to redefine global trade finance—ensuring businesses of all sizes can unlock the liquidity and get the protection they need to grow internationally."
"By transforming cross-border supply chain finance for the digital age with their global presence, we believe MODIFI supports SMEs to scale their export businesses with ease. We look forward to collaborating with MODIFI to empower our corporate clients to expand their businesses globally with agility and financial flexibility overcoming traditional trade barriers," said Keiji Matsunaga, General Manager of Digital Strategy Department, SMBC.
About MODIFI
MODIFI is redefining global trade finance as a leader in B2B Buy Now, Pay Later (BNPL) solutions. Trusted by businesses across 55+ countries, MODIFI provides cutting-edge tools that optimize working capital and streamline cross-border payments. Through its extensive global network, MODIFI delivers fast, flexible, and secure financial solutions, helping companies expand their international footprint with ease. By integrating advanced risk management features and seamless payment processes, MODIFI is setting new benchmarks in global commerce, empowering businesses of all sizes to thrive in a rapidly evolving market.
About SMBC and SMBC Asia Rising Fund
SMBC, one of the leading banks in Japan, co-funded SMBC Asia Rising Fund with Incubate Fund which is a corporate venture capital fund, for the purpose of accelerating business development and partnerships through investments in high potential start-ups operating actively in Asia. Through this fund, SMBC Group will enhance its business and provide clients with new solutions by uncovering/ applying new technologies via partnerships with investee firms and the development of new business models and products.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
MODIFI Secures Strategic Investment from SMBC Asia Rising Fund to fuel Asian exports by SMEs
