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21K School becomes World’s First Web 3.0 School
21K School, India’s first online only school, has launched its very own NFT Marketplace, as well as, introduced Metaverse and Web 3.0 for their K12 students around the world. Transitioning online schooling from Web 2.0 to the world’s first Web 3.0., the visionary 21K School founders have taken their keen interest in technology and are adopting it for the school of the future, where students will be encouraged to use technology to amplify their learning journeys.
21K School students will soon be able to create and sell their Artwork, Books, Podcast, Music, Videos on 21K School’s NFT Marketplace. They can earn reward points in the form of coins for all activities, timely submission of assignments, assessments and marks scored in examinations, which can be redeemed for scholarships, etc. This ‘Learn to Earn’ model is truly one of its kind in the world! Students can also invite their friends to be part of a gamified learning journey and build the ecosystem. The Web 3.0 school is also launching a blockchain based solution to identify marksheets, profiles of students and teachers with their accomplishments.
Santosh Kumar, Co-Founder & CEO, 21K School, said, “We are the world’s first school to transition into Web 3.0. At 21K School, we are immensely proud to reimagine education with emerging technologies like Blockchain, Metaverse, NFTs, and more to instil learning, thinking, and creativity in the DNA of our students. We are the world’s first Web 3.0 school to be implementing an NFT Marketplace, so children can have the opportunity to understand how cutting-edge technology can help them turn their creativity into financial empowerment. The NFT revolution is sure to impact countless industries unprecedentedly, and we are bringing it straight into our classrooms! We are thrilled to usher in a new era of learners who would be well poised to drive technology-led entrepreneurship in times to come.”
21K School is also introducing gamification within its classrooms, where students can complete their homework and assignments in a gamified manner, driven by the digital school’s artificial intelligence enabled Learning Management System. This will not only create deeper engagements for students, but will also encourage them to finish their given tasks with perfection. 21K School will also provide rewards based on views on their class videos, assessment scores and student’s feedback by 21K school, while parents can also earn points for their involvement in their child’s education journey, all in the form of 21K coins.
21K School is the first online-only school in India, offering children aged 3 to 18 years a choice of three curriculums to study in – Indian, American and British. The school recently raised Pre Series A funding of $5 million from Ronnie Screwvala, Co-Founder and Chairman, upGrad. Founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, the 21K School model aims to disrupt the traditional K12 school system and offer personalised, affordable and flexible schooling for students, regardless of where they are located or their time zone. The company already has nearly 3,500 students enrolled from over 400 cities across India and 35 + countries.
For more information on the new technologies, please refer to: https://21kschool.ai/
For more information on 21K School, please refer to: https://21kschool.com/
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South African fintech Lesaka snaps up Adumo in $86m deal
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AI-powered Panax raises $15m to reshape cash flow management
Panax, a pioneering FinTech firm, has recently announced the successful completion of a $15 million funding round, with Team8 and TLV Partners leading the investment charge.
Founded by Noam Mills (CEO), Sefi Itzkovich (CTO), and Niv Yaar (CBO), Panax specializes in offering an AI-driven cash flow management platform tailored to cater to the needs of mid-market and large enterprises grappling with intricate treasury management requirements. The platform consolidates data directly from banks and ERP systems, providing users with real-time access to crucial cash positions and insights.
As finance teams face mounting challenges in managing multiple bank accounts, disparate fintech solutions, diverse locations, currencies, and entities, Panax’s platform emerges as a comprehensive solution. Customers have reported notable savings on interest payments and increased cash investments in interest-bearing accounts, owing to the automation capabilities of Panax’s platform, which streamlines processes and allows teams to redirect their focus towards strategic activities.
Mackenzie Moore, VP of Finance at Oddity, a publicly traded company in the U.S., lauded the platform’s effectiveness: “The automated data collection and analysis, along with proactive alerts, have helped us automate our cash policies. This not only saves us money but also frees up many hours of manual work that we can now allocate to more strategic pursuits.”
Panax aims to bridge the gap in the market by providing simpler and more accessible solutions tailored for lean finance teams. Leveraging Open Banking and GenAI technologies, the company streamlines and automates financial processes, thereby enhancing operational efficiency.
Recognizing financial forecasting as the top use case for AI in corporate finance, Gartner acknowledges Panax’s utilization of AI to bolster various capabilities, including transaction categorization, proactive reporting, and trend analysis.
The $15 million funding infusion is poised to accelerate Panax’s growth trajectory significantly. It will facilitate the scaling of sales and support teams, the establishment of a New York City office to strengthen the company’s U.S. presence, and an increase in product development resources to cater to the burgeoning market demand for its advanced treasury management solutions.
CEO Noam Mills underscored the company’s mission, stating, “In our previous roles, we witnessed firsthand the challenges faced by finance teams in companies with complex treasury operations. That’s why we founded Panax.”
Panax’s notable achievement of doubling its customer base in the first quarter of 2024 attests to its rapid traction in the market, positioning it as a prominent player in reshaping cash flow management and treasury solutions.
Source: fintech.global
The post AI-powered Panax raises $15m to reshape cash flow management appeared first on HIPTHER Alerts.
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