Preface, the Hong Kong-based EdTech Company, Sees 500% YoY Surge in Revenue, Overcoming Impact of Pandemic

TOKYO, JAPAN and LONDON, UK – Media
OutReach – 17 September 2021 – Preface, the Hong
Kong-based EdTech company, has
announced the completion of its Series A funding from prominent investor Sunlink
Holdings (H.K.) Limited. The company will use the latest round of funding to further develop its
business in major cities including Hong Kong, Tokyo and London, with a
determination to popularise coding knowledge and make it a universal language.
Preface aims to equip the new generation with this key language for a better
future.

Tommie Lo (front row, second left), Founder
and CEO of Preface, and the Management Team

The
global EdTech industry continues on a sharp growth path and is now worth more
than US$100 billion. Despite the impact of the ongoing pandemic, Preface has
seen a continued improvement in its performance, with year-on-year revenue
growth of 500% over the past 12 months.

Tommie Lo, Founder and CEO of Preface, said:
“Coding will become the universal language of the future. Trusted by
Massachusetts Institute of Technology (MIT) and UNESCO in the provision of
programming education, Preface offers award-winning programming curricula to
global academia and leading multinational corporations. Through the
high-mobility classroom model we are initiating, our goal is to equip future
talents with this key language.”

“We
are very excited to support Preface in its Series A round of funding. In the
digital transformation era, education has become one of the fastest-changing
landscapes and we see enormous potential for the business. We trust that a
forward-looking company like Preface can revolutionise the education industry
through their innovative approach,” said Angus
Chan, COO and CFO of Sunlink Holdings (H.K.) Limited.

With the digitisation of society,
cultivating global coding talents has become the responsibility of education

As
the first Asian teaching platform to win an award at “EdTechXEurope”, the world’s largest education
summits, Preface Coding by Preface is committed to nurturing talents and
cooperating with universities around the world, such as MIT and the University
of California, Los Angeles (UCLA) in the United States. Preface has also designed
official coding courses for top-ranked universities and co-organised seminars
and workshops with multinational technology companies and non-profit
organisations. Preface has now trained more than 10,000 students around the
world.

Decentralised Classroom – solving
issues raised by traditional education model and fuelling innovation technology

Preface’s
innovative teaching concept, the
“Decentralised Classroom” delivery model, emphasises that
education should not be restricted by time and place. Students from Preface are
able to choose how and where to attend their coding courses as they prefer,
receiving teaching materials according to real–time
analysis and being matched with teachers through AI technology.