South Africa’s HyperionDev seeks to offer $235,720 in scholarships

South Africa’s HyperionDev seeks to offer $235,720 in scholarships

South Africa-based tech start-up, HyperionDev has initiated an impact investment drive that aims at inviting the public to become stakeholders in its growing tech education business. With this move, the company is expecting to make as much as US$235,720 in coding scholarships available to South Africans.

According to HyperionDev, the online edtech revolution has bloomed ever since the wake of global lockdowns and social distancing. The company has seen a 640% growth in revenue since 2018, while lockdown have heeded to record 254% growth in users, surpassing over 100,000 student admissions.

Established in 2012, HyperionDev aims at closing the growing global tech skills gap by offering affordable tech education which could help thousands of students learn developer skills to pursue careers in tech. The company’s coding bootcamps are available to beginners, where they can take online courses using their PCs or mobile phones, even without the need for a broadband connection.

By purchasing HyperionDev’s equity shares for a minimum of R200/£10, investors can influence the lives of hundreds of South Africans via the company’s bursary scheme.

Riaz Moola, CEO & Founder, HyperionDev, said that accessible tech education is the future of social upliftment and mobility for people worldwide. Many South African do not have the skills or the opportunity to attain a well-paying, jobs, said Moola, adding that their firm believes that ed-tech is going to dominate education in the years to come.

According to Riaz, this is the best time to invest in the future of hundreds of deserving people as to the explosive growth anticipated in the global markets.

Reports indicate that Black Coffee, a South African celebrity, and his investment firm, Flightmode Digital, have invested in an ongoing round of crowdfunding. Apart from this, HyperionDev has also banked over US$400,000 in funding from some tech biggies worldwide.

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