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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

EdTech Leader, Mathpresso Announces 7 Million Monthly Active Users in over 50 Countries

December 16, 2020 GMT

SEOUL, South Korea--(BUSINESS WIRE)--Dec 16, 2020--

Today, Seoul-based EdTech startup Mathpresso announced that its math-solver app, QANDA has solved over 1.3 billion questions and used by over 7 million monthly active users, a 370% growth within 1 year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005262/en/

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AI Math-Solver App, QANDA has solved Over 1.3 Billion Questions (Graphic: Business Wire)

Developed by Korea’s leading EdTech startup, Mathpresso, ‘QANDA’ is a mobile app that enables students of all levels to receive instant solutions and 1-on-1 support from some of the world’s top-university tutors. Users can take a photo of a math problem, upload it to the app, and then QANDA’s AI-based optical character recognition scan will find and solve it in approximately five seconds. QANDA provides both the 1-on-1 Q&A feature (human-based) and auto-search (AI-based) feature, a unique hybrid that solves any math problems ranging from equations to geometric questions.

Since its launch in 2016, QANDA has solved over 1.3 billion problems submitted by students from over 50 countries. More than 5 million questions are asked and searched through QANDA every day. Since the COVID-19 pandemic, the company has seen a surge in demand for the e-learning platform, with its number of questions solved increasing from 500 million in April 2020 to 1.3 billion today.

Currently, QANDA is used by more than two-thirds of the entire grade K-12 student population in Korea, the country with one of the highest college enrollment rates in the world. QANDA also topped the educational charts in six countries, including Japan, Vietnam, Indonesia, and Thailand, winning over leading educational apps including Google Classroom and Photomath.

“Our competitive edge is that we provide both the AI-driven instant search function and human-driven Q&A function through tutors, while no other educational apps incorporate both features seamlessly,” said Ray Lee, CEO at Mathpresso. “We will continue to provide the most effective education for all students around the world.”

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More information about Mathpresso, please visit: www.mathpresso.com/en.

About Mathpresso

With the mission to provide most effective education for all, Mathpresso develops the world’s leading learning platform, QANDA, a mobile app that allows students of all levels to receive instant answers and customized learning sources at zero or minimal cost. Recognized for its technological advances, Mathpresso was selected as Forbes’ 30 Under 30 Asia 2020, national representative of Google AI for Social Good APAC event in 2018, and guest speaker at AWS Public Sector Summit ASEAN in 2019. Since 2015, Mathpresso has raised $55 million from investors including Legend Capital, SoftBank Ventures Asia, and Samsung Ventures. Headquartered in Seoul, Korea, Mathpresso has offices in Tokyo, Japan and Hanoi, Vietnam.

About QANDA

QANDA, which stands for ‘Q (question) and A (answer),’ is a mobile app that allows students of all levels to receive instant answers and customized learning sources at zero or minimal cost. QANDA recognizes text and mathematical formulas in a photo with optical character recognition (OCR) technology. Supported by over 1.3 billion solution data and a self-developed search engine, QANDA provides solutions to a student’s question with high accuracy. QANDA provides quality education for anyone, at any time, and anywhere, giving access to qualified tutors from the world’s top universities. QANDA has over 7 million monthly active users in over 50 countries. The app currently offers 7 languages – Korean, English, Spanish, Japanese, Vietnamese, Indonesian, and Thai.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201216005262/en/

CONTACT: Mathpresso

Gyu Lee, PR Manager

+82-10-2383-1743

gyu.lee@mathpresso.com

KEYWORD: ASIA PACIFIC SOUTH KOREA

INDUSTRY KEYWORD: EDUCATION DATA MANAGEMENT TECHNOLOGY MOBILE/WIRELESS SOFTWARE INTERNET UNIVERSITY

SOURCE: Mathpresso

Copyright Business Wire 2020.

PUB: 12/16/2020 09:00 AM/DISC: 12/16/2020 09:00 AM

http://www.businesswire.com/news/home/20201216005262/en