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NativeX, Vietnamese EdTech Startup Raises $4 Million in Just 8 Months to Revolutionize English Learning for Working Adults

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HO CHI MINH CITY, Vietnam, Feb. 23, 2024 /PRNewswire/ — NativeX, the innovative EdTech startup, has just secured $4 million in total funding within just 8 months since its launch. NativeX raised $1.5 million from angel investors through SAFE instruments in June 2023, and it now completes its seed round for an additional $2.5 million. The round is being co-led by Ansible Ventures and Blueprint Ventures, with the participation of Northstar Ventures and other investors. With this significant funding, NativeX is well-positioned to advance its mission of revolutionizing English learning for 10 million busy working professionals in Vietnam, before moving to other SEA markets.

Valerie Van V., Founding Partner at Ansible Ventures, emphasized the alignment between NativeX’s innovative approach and their investment thesis, stating, “Improving education through upskilling will be a crucial pillar in Vietnam’s EdTech market. Despite attracting international investments, Vietnam’s labour productivity lags behind other Asian countries, ranking 136th out of 185 countries as of 2021. This situation necessitates the development of training curricula and investment in top talent by local Vietnamese companies to remain competitive. As manufacturers strive to produce higher quality products, the demand for skilled labour will rise. Consequently, initiatives for transformation and upskilling, particularly on-the-job training, will receive increased investments and efforts from business owners in Vietnam. We are excited to co-lead this NativeX seed round and firmly believe in the company’s potential to empower top Vietnamese talents as they advance in their careers.”

Huiting Koh, Founding Managing Partner at Blueprint Ventures, highlights the hallmarks of building NativeX into a leading brand in the EdTech space, sharing, “The company solves a true pain point for Vietnam’s working professionals. The ability to get ahead in their careers is increasingly dependent on a good grasp of the English language – reading, writing, comprehension and verbal communication. NativeX delivers a product that has a strong product human-need fit, creates an emotional affinity with its end consumers by empowering them to reach their goals, and aligns with their values by helping them get ahead in life. These are elements of a strong foundation for NativeX to become a lasting brand. The strong user and engagement metrics at this early stage are equally impressive, combined with the market’s demand for their product. We are excited to partner with our esteemed co-investors and back this experienced management team to build a trusted and credible education technology brand for adult English learning in Vietnam.”

Introducing NativeX and Its Innovative Approach to English Learning for Professionals

NativeX believes that English proficiency is key to unlocking the career potential of working professionals, particularly for local tech talents aiming to compete in the global tech labour market. Founded in April 2023, NativeX aims to transform how working adults in Vietnam learn English by offering a comprehensive online platform. This platform includes live classes taught by experienced foreign teachers and provides flexible scheduling options to accommodate the busy lives of working professionals.

A standout feature of NativeX is its innovative and flexible group class model, allowing learners to book classes that suit their schedules. The collaborative and supportive learning environment is created by grouping learners with similar proficiency levels. This is proven to be effective. Ms. Ai Chau, Co-Founder and Head of the Academic team, highlights the company’s unique content-led approach to curriculum design and learning experience, ensuring scalability and consistency in teaching quality as they scale.

Success in the First Year: Transforming Careers Through English Proficiency

NativeX has already achieved significant success in its first year of operation, with learners reporting notable improvements in English communication skills. The platform attracts a diverse range of learners, including 50% managers and professionals in IT, healthcare, marketing, and business fields. Continuous learning and adaptation based on user feedback and market trends have been key principles guiding NativeX’s growth.

Trang Ly, Co-founder and Head of Growth and Engagement, proudly shares that 75% of MAU remains active on the platform after 7 months and those users typically spend 12-15 hours per month learning English. The platform has also gained trust from its user base which is reflected in the very high average order value, 2-3x compared to the EdTech industry average in Vietnam.

Founding Story and Future Plans: Building an Engaging Upskilling Education Platform

The founding of NativeX was inspired by the founders’ personal experiences and the recognition of the limitations of traditional learning methods. The team aims to build a highly engaging upskilling education platform for busy working adults, with English learning being the first vertical.

Looking ahead, NativeX plans to allocate 80% of the seed funding to accelerate product development. The company aims to launch a new conversational English program in June for intermediate-level users, incorporating soft skills training as well. Ms. Ai Chau emphasizes the uniqueness of their approach: “Why only English? Why can’t we learn English and something else useful at the same time?”

Vietnam has increasingly become an attractive destination for multinational corporations to outsource given its young population and political stability. This will certainly create many more higher paying jobs but also requiring a much higher English proficiency level to ensure higher quality of business and efficiency. In addition to support local workforce to capitalise on better employment opportunities in FMCG and Services sectors, NativeX also plans to collaborate closely with IT engineers to develop an ecosystem supporting their success in the global outsourcing IT market.

About NativeX

NativeX is a disruptive Vietnamese EdTech startup that aims to revolutionize English learning for working adults. Founded in April 2023, NativeX offers a comprehensive online platform that provides live classes taught by experienced foreign teachers. With its innovative and flexible group class model, NativeX creates a collaborative and supportive learning environment for professionals with busy schedules. The company is committed to helping working adults unlock their career potential through English proficiency. For more information, visit https://nativex.edu.vn/

Photo for press release: Link

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SOURCE NATIVE X EDUCATION TECHNOLOGY JOINT STOCK COMPANY

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Entigrity Merges with MYCPE — Launches MYCPE ONE to Enhance Opportunities for India’s Accounting Workforce

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By expanding the current landscape of services, MYCPE ONE aims to create career opportunities for Indian talent while addressing the evolving needs of the accounting industry.

AHMEDABAD, India, Nov. 14, 2024 /PRNewswire/ — Entigrity, a global leader in outsourcing solutions, and MYCPE, a renowned provider of Continuing Professional Education (CPE) services, announced their merger to create MYCPE ONE.

This strategic merger goes beyond simply combining the services; it’s aimed at building an integrated ecosystem that delivers a comprehensive suite of solutions to CPAs and accounting firms. The unified suite of services will include Staffing, CPE, Learning & Development, Digital Marketing — all in one place.

This will significantly enhance career opportunities for Indian accounting professionals, by providing them with access to the global accounting industry and state-of-the-art learning resources. 

With this mission, MYCPE ONE is also committed to growing its presence in India. With the recent opening of offices in Udaipur and GIFT City, Gandhinagar, MYCPE ONE plans to scale operations across various delivery centres in India.

Today, MYCPE ONE has a team of 40+ delivery centres across 17 cities in India and one in Philippines. MYCPE ONE has partnered with state governments to establish delivery centres in Tier 2 and 3 cities. These initiatives are designed to provide Indian professionals with the opportunities they need to pave their career pathways, spanning from entry-level roles to senior positions. 

“This merger positions MYCPE ONE as a pivotal force in the industry, evolving from an outsourcing provider to a comprehensive tech and services leader for the accounting sector,” said Shawn Parikh, CEO and Co-founder of MYCPE ONE. “Through this merger, we are thrilled to provide Indian professionals with unmatched opportunities to advance their careers and gain valuable international exposure,” he added. 

“Our aim is to build a resilient business model that adapts to market dynamics and reinforces our standing in the global accounting space. By leveraging our deep expertise, we remain committed to serving the accounting sector,” said Valay Parikh, COO and Co-Founder of MYCPE ONE. 

About Entigrity 

Entigrity is a trusted provider of outsourcing solutions, partnering with over 1,000 CPAs and accounting firms & businesses across the U.S. and Canada. With delivery centres in 17 cities across India and one in the Philippines, we are further expanding our presence into additional Tier 2 and Tier 3 cities in India, as well as exploring growth opportunities in the Philippines, South Africa, and South America.

About MYCPE ONE 

MYCPE ONE is a comprehensive ecosystem designed to empower accounting firms and professionals with a unified suite of essential services. As a strategic platform, MYCPE ONE offers integrated solutions in outsourcing, education, training, marketing, advisory, and industry insights — all in one place.

Contact Information 

Patrick Ross 
Content and Media Manager 
MYCPE ONE 
Patrick@my-cpe.com
6468274348 

Logo: https://mma.prnewswire.com/media/2557901/MYCPE_ONE_Logo.jpg

 

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transcosmos wins 2024 [Golden Headset] Excellent Outsourcing Services of the Year Top 10

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Recognized for outstanding digital service performance in the contact center industry

TOKYO, Nov. 14, 2024 /PRNewswire-PRWeb/ — transcosmos inc. is proud to announce that the company received 2024 [Golden Headset] Annual Excellent Outsourcing Services of the Year Top 10 at the “CCMW 2024 Annual Conference & the 20th [Golden Headset] The Best Customer Center Award Ceremony” held in Beijing, China on October 15, 2024.

The Golden Headset Award is recognized as a leading performance indicator in the customer service center industry. Following the international evaluation standard CC-CMM (Capability Maturity Model)/DO-CMM, CCMW performed performance indicator analysis.

Started in 2005, this year marked the 20th anniversary of the [Golden Headset Award Digital Services and Operations Benchmarking Competition], a competition to determine China’s best customer center, organized by the prestigious institution in the Chinese contact center industry called Customer Care & Management World (CCMW). The Golden Headset Award is recognized as a leading performance indicator in the customer service center industry. Following the international evaluation standard CC-CMM (Capability Maturity Model)/DO-CMM, CCMW performed performance indicator analysis. After receiving applications, CCMW asked for experts’ nominations and went through a rigorous screening process that includes mystery calls, data gathering, benchmarking, on-site assessment, and assessment by a review committee. Ultimately, CCMW chose the award winners based on a comprehensive evaluation on all candidates including their outsourcing service capabilities as well as the number of workstations. Highly recognized for its proven record in contact center digital services, transcosmos was awarded the 2024 [Golden Headset] Annual Excellent Outsourcing Services of the Year Top 10.

As the internet and intelligence technologies continue to evolve, customer service centers are transforming into digital, intelligent and multifunctional contact centers, shifting from the traditional services via phones, emails, and online channels. Against this backdrop, transcosmos has developed “transCxLink,” its proprietary platform built on the company’s unique omnichannel contact centers. “transCxLink” not only creates a seamless process between companies, consumers, and customer service representatives by connecting all kinds of communication channels such as e-commerce platforms, social platforms, voice calls, and online chat, but also comes with abundant features including CRM, intelligent services, marketing systems, speech recognition, auto-reporting, and business insights. With all these features, “transCxLink” meets the needs of companies across all industries. In addition, with the power of large language models, “transCxLink” delivers auto-translation features, enabling businesses to provide multilingual AI-powered customer services without the need for bilingual customer service agents.

As business processes become increasingly complex and highly standardized in every industry, transcosmos enhances CX at every channel by transforming traditional contact centers into digital with the power of “transCxLink,” thereby evolving the centers to ones that reduce costs, boost productivity, and expand sales, generating value for clients.

Invited to the conference, Joseph Wong, VP of Global Business Development, transcosmos delivered speech on the theme of “How Chinese companies can unlock global business opportunities with its digital economy,” representing the company. In his speech, Joseph presented in-depth analysis on the rapid shift to intelligent services and solutions in the contact center and e-commerce industries, and encouraged Chinese local brands to aggressively develop international markets and find new routes for growth. Joseph also introduced transcosmos’s success cases in its global services, giving inspiration to many of the audience.

As a digital transformation partner for clients, transcosmos will drive its efforts for enhancing services in the BPO industry with its innovative solutions and service systems.

■transcosmos history in China
transcosmos entered the Chinese market and launched its offshore services business in 1995. In 2006, the company opened its first call center in Shanghai and started to provide call center services for the Chinese market. Today, transcosmos has its bases and subsidiaries across 24 cities in China including Shanghai, Beijing, Tianjin, Hefei, Xi’an, Changsha, Wuhan, Neijiang, Kunshan, Zhengzhou, Rizhao, Suzhou, Taipei and more. The company offers extensive services such as business process outsourcing (BPO) including contact centers, e-commerce one-stop, customer experience, digital marketing, and system development for both Chinese and global brands.

transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.Other company names and product or service names used here are trademarks or registered trademarks of respective companies.

About transcosmos inc.
transcosmos launched its operations in 1966. Since then, we have combined superior “people” with up-to-date “technology” to enhance the competitive strength of our clients by providing them with superior and valuable services. transcosmos currently offers services that support clients’ business processes focusing on both sales expansion and cost optimization through our 183 bases across 35 countries/regions with a focus on Asia, while continuously pursuing Operational Excellence. Furthermore, following the expansion of e-commerce market on the global scale, transcosmos provides a comprehensive One-Stop Global E-Commerce Services to deliver our clients’ excellent products and services to consumers in 46 countries/regions around the globe. transcosmos aims to be the “Global Digital Transformation Partner” of our clients, supporting the clients’ transformation by leveraging digital technology, responding to the ever-changing business environment. Visit us here https://www.trans-cosmos.co.jp/english/

Media Contact

transcosmos inc., transcosmos inc., +81-3-6709-2251, pressroom@trans-cosmos.co.jp, https://www.trans-cosmos.co.jp/english/

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SOURCE transcosmos inc.

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Nota AI® Partners with Alliance Traffic Systems for Strategic Middle East Expansion

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SEOUL, South Korea, Nov. 14, 2024 /PRNewswire/ — Nota AI, a leader in hardware-aware AI optimization and on-device AI solutions, has taken a significant step toward establishing its presence in the Middle East by signing a Memorandum of Understanding (MoU) with Alliance Traffic Systems (ATS). This strategic partnership aims to bring Nota AI’s cutting-edge Intelligent Transportation Systems (ITS) solutions to the region, aligning with its broader vision of expanding technological impact across the Middle East.

 

Alliance Traffic Systems, a key player in the Gulf Cooperation Council (GCC) region, holds particular influence in the UAE’s traffic enforcement infrastructure sector. Since 2008, ATS has managed major traffic projects in Abu Dhabi Emirate, solidifying its role as a leader in providing total traffic management solutions. This extensive track record makes ATS an invaluable partner as Nota AI launches into the Middle Eastern market. Leveraging ATS’s established network, Nota AI will initiate a Proof of Concept (PoC) project with Dubai‘s Road and Transport Authority (RTA), deploying its generative AI and Vision Language Model (VLM)-based ITS solutions. This project will demonstrate Nota AI’s on-device AI capabilities, setting the stage for solutions to urban mobility challenges across the Middle East.

The PoC project’s core ITS solution integrates Vision Language Model (VLM) and multimodal capabilities to process diverse data sources, enabling precise traffic analysis. Powered by Nota AI’s optimized on-device AI technology, this advanced traffic analysis solution can be deployed efficiently across various traffic-related devices, promising substantial improvements in traffic management and bringing meaningful changes to regional conditions in the Middle East.

Myungsu Chae, CEO of Nota AI, remarked, “This PoC project offers a unique opportunity to validate our VLM-based on-device AI solution, delivering real-time traffic analysis in the Middle East. It marks an important milestone in showcasing our global technological and business potential.” Mohammad Al Abbadi, CEO of ATS, added, “This MoU aims to leverage Nota AI’s on-device AI technology to reduce traffic congestion across the Middle East, offering a cost-effective solution for road management.”

Nota AI’s steady expansion in the Middle East has included recent participation in high-profile events such as Expand North Star 2024 and the ITS World Congress 2024. With its strategic partnership with ATS, Nota AI has secured a strong entry point into the Middle Eastern market, drawing on ATS’s extensive expertise in traffic management and infrastructure. This collaboration allows Nota AI to deliver tailored solutions that address the region’s unique transportation needs. Furthermore, through ATS’s established networks with key authorities in Abu Dhabi and Dubai, Nota AI is well-positioned to extend its reach across the Gulf Cooperation Council (GCC) region, laying the foundation for sustainable, long-term growth.

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SOURCE Nota AI

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