Fluentify
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Fluentify is an online language tutoring website. Founded in 2013 and headquartered in London, United Kingdom, the company is privately owned and operated by Fluentify LTD.[1] The platform offers online language classes with selected native speakers.
History
Fluentify was founded in February 2013 and launched into public beta in May 2013. The same month, the company was selected to join London-based Accelerator Academy for three months of training. In March 2014, Fluentify announced that it had raised $410k in angel funding from the banker Stefano Marsaglia.[2] Marsaglia is a prominent M&A banker, currently the co-head of corporate and investment banking at Mediobanca,[3][4] Italy’s biggest publicly traded investment bank.[5]
Working as a tutor
Fluentify runs on a marketplace platform model where it connects students and tutors and enables transactions without hiring any tutor individually.[6] Unlike traditional language schools and online tutoring websites, Fluentify scales not by increasing its inventory or number of employees but by increasing the number of students and tutors and matching them with each other.[7] The company claims that top tutors can earn up to £2,500 per month.[8]
References
- ↑ "Company Overview of Fluentify LTD". Companies House UK. https://beta.companieshouse.gov.uk/company/11511871. Retrieved on 18 August 2018.
- ↑ "Language Learning Platform Fluentify Takes In $410K Angel Investment". TechCrunch. 31 March 2014. https://techcrunch.com/2014/03/31/fluentify-angel/. Retrieved on 31 July 2014.
- ↑ "Mediobanca Names Barclays' Marsaglia Investment Banking Co-Head". Bloomberg. https://www.bloomberg.com/news/2013-12-03/mediobanca-names-barclays-marsaglia-investment-banking-co-head.html.
- ↑ "Mediobanca hires veteran adviser to expand European operations". Financial Times. http://www.ft.com/cms/s/0/f3aff70c-5b72-11e3-a2ba-00144feabdc0.html.
- ↑ "A little less tangled, Italian finance is at last being reshaped". The Economist. https://www.economist.com/news/finance-and-economics/21580156-italian-finance-last-being-reshaped-little-less-tangled.
- ↑ "Fluentify - Terms & Conditions". Company website. https://www.fluentify.com/. Retrieved on 1 August 2014.
- ↑ Choudary, Sangeet (1 August 2014). "A Platform Thinking Approach to Innovation". WIRED. https://www.wired.com/2014/01/platform-thinking-approach-innovation/.
- ↑ "Company blog - How to become a tutor". Company blog. http://www.fluentify.com/blog/?p=97. Retrieved on 1 August 2014.