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Student mobility platform Crizac acquires 37.41% stake in ForeignAdmits

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Student mobility platform Crizac acquires 37.41% stake in ForeignAdmits

Student mobility platform Crizac has invested approximately Rs 1.25 crore in ForeignAdmits to acquire a 37.41% stake in the company’s fully diluted share capital. The investment has been structured through Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS).

According to the company, the investment is expected to enhance Crizac’s capabilities in supporting students and counselling partners across key stages of the study abroad process, including destination selection, education financing, and visa preparation.

ForeignAdmits said it brings a proprietary technology stack comprising LoanMonk, a pre-admission loan eligibility engine that has completed more than 80,000 assessments through over 17 lending partners, and VisaMonk, an AI-powered visa interview simulation tool used by over 3,000 students globally.

As part of the transaction, Nikhil Jain, founder and CEO of ForeignAdmits, will join Crizac’s senior leadership team as Chief Product and Marketing Officer. He will oversee product strategy and the consumer brand for the combined platform.

Crizac is a B2B international student recruitment platform that connects a global network of education agents with more than 400 institutions across the UK, Canada, Ireland, Australia, and New Zealand.

ForeignAdmits is an AI focused student mobility platform offering infrastructure for university discovery, admissions, education financing, and visa preparation. According to the company, its products have supported over 100,000 students across more than 15 countries, worked with over 800 partner consultancies, facilitated education loans worth more than Rs 1,500 crore, and assisted over 3,000 students with visa preparation.

 



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