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Inside Boston’s Ed-Tech Ecosystem: 8 Players to Watch

BostonInno by Caroline Lyle

The world doesn’t function as it did a decade ago. Everything from how we communicate, read articles, watch television, even how how we date, has been transformed by technology.

It shouldn’t shock, then, that in this hyperconnected world where we walk around with encyclopedias in our pocket, how we learn is also evolving.

In recent years, online education has exploded, not only for the convenience it provides, but for the tremendous potential it presents. As a global source of knowledge and hub of connections, the web opens numerous opportunities to enhance learning. Emerging online programs and platforms have introduced new models for connecting teachers, students, and other stakeholders to optimize the learning experience.

The innovation is only beginning. Educational technology presents a goldmine of opportunity for both academics and entrepreneurs. For telltale evidence of ed-tech’s promising future, one need look no further than the astounding amount of capital being poured into the space. In just the last three months alone, investors have contributed more than $559 million into the ed-tech industry, and this past quarter, investments reached a record-breaking high.

“Investments exceeded $1.25 billion, marking the second straight year the ed-tech sector crossed the billion-dollar line,” BostInno reported.

Leading the ed-tech revolution is Boston. The city’s booming tech scene and renowned institutions of higher education have made Boston an incubator for ed-tech startups, many of which have expanded to reach students and teachers around the globe.

Go inside Boston’s ed-tech ecosystem and meet some of the most influential disruptors born here in the Hub. Some are fledgling startups; others established companies, but all are agents of change, leveraging technology to transform education as we know it.

(peerTransfer was noted as one of the eight companies to watch)

peerTransfer is one of the fastest-growing companies in the Hub. The company saw 400 percent growth last year, expects 200 percent growth in 2014, and has raised a total of $21.2 million.

peerTransfer is on a mission to fix the unfair and broken international tuition payments system. Using peerTransfer, students can simply and securely pay for tuition and fees using their home currency. With so many students getting ripped off, peerTransfer fulfills an urgent need for both students and schools. The company now works with over 350 schools and is on track to process $1 billion this year.

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