Local edtech business prepped for expansion with £200k HSBC UK funding

Educational technology company, Azoomee is forecasting growth following a £200k funding package from HSBC UK.

The London-based tech company will use the funding to support the growth of its learning platform - which is aimed at children over five - in a bid to make screen time fun and meaningful for every child.

The funding will be invested into growing markets such as the USA, Canada and South Africa, as well as supporting further product development and diversification for the mobile app.

The financing from the bank will also help Azoomee to grow its 16-strong team in order to support its expected growth.

Established in 2014 by husband and wife duo, Douglas and Estelle Lloyd, Azoomee is aiming to build the world’s largest library of games, videos and educational activities based on topical, current skills - such as creativity, online safety and problem solving.

Douglas Lloyd, co-Founder and chief executive officer of Azoomee, said: “We have three young children, so we know first-hand how difficult and time consuming it can be to find high quality kids’ content that is both fun and educational.

“Thanks to the funding package from HSBC UK, we can now focus on growing Azoomee with the aim of becoming a household name, not just for children in Europe, but all over the world.”