Kuala Innovations, Ltd. Acquires 8.2% Stake in Student EdTech Company Vemo Education, Inc.

From:  London Stock Exchange

The Board of Kuala Innovations Limited (“Kuala” or the “Company”) is pleased to announce that it has agreed to participate in the early stage funding round of privately owned Vemo Education, Inc. and subscribe for 1,000,000 shares, representing 8.2 per cent of the shares (on a fully diluted basis) for cash consideration of US$1 million (one million US Dollars). This will be funded from existing cash resources.

VEMO is an Education Technology company working with U.S.-based colleges and universities to provide a technology platform for income-based student financing programs in the US$1.3 trillion student debt market in the United States. Vemo was founded to address this student debt crisis by developing income share agreement (“ISA”) programmes and deferred tuition plans and partnering with higher education institutions to make these funding options available to students.

Click here to read more…

Need More Information?

Contact us today at VEMO Education and we’ll answer any questions you have about our products.

Want to Work with Vemo? Register your Higher Ed Institution Today!