With the closing of this funding round, Smowltech will continue to develop its state-of-the-art monitoring technologywill strengthen its product and marketing teams and consolidate its presence in its main markets in Europe and Latin America.
Established in San Sebastian in 2012, Smowltech has developed a patented technology that can continuously verify user identity using multi-biometric data. Funded with support from the European Commission, its technology enables education providers to verify the identity of students taking exams online, while also monitoring their behavior during the task.
Monitoring solutions like those from Smowltech are key to ensuring the credibility and quality of online education providers, as they significantly mitigate the risks of fraud during online assessments. At the same time, in line with the United Nations Sustainable Development Goals (SDGs), online education can accelerate universal access to education, thus contributing to the generalization of quality education (SDG 4), while facilitating the socioeconomic development of the student, regardless of their socioeconomic status.
In particular, online education helps overcome physical barriers for people with disabilities and removes geographic barriers for students located in rural or remote locations, particularly those in emerging countries. In addition, it facilitates the social inclusion of low-income students who cannot afford travel or accommodation costs during training programs. Additionally, online education provides flexible learning paths for people with work schedules or family commitments incompatible with face-to-face training, who want to educate themselves to improve their socioeconomic situation.
Currently, Smowltech supports more than 100 educational institutions, companies and governments to provide confidence in your online learning processes (exams, certifications, recruitment, etc.), mainly in Europe and Latin America.
“We are committed to achieving a world with access to quality education, reducing the barriers that prevent it, thus creating better opportunities for all. We are sure that solutions like ours really have a positive impact on users’ lives. Sharing these types of values, which are the basis of our business at Smowltech, allows us to continue innovating and improving the quality of our service”, he pointed out. Ricardo SeeFounder and CEO of Smowltech.
For Joseph Moncada, general director of Fondo Bolsa Social, “the technology developed by Smowltech makes it easier for students with limited resources or with mobility problems to access training of verifiable quality. It is a great step forward in the new training models and we believe that it can be instrumental for the social elevator to work properly. We see a huge potential for social impact of Smowltech to improve education in our country. And, in particular, in Latin America, where geographic dispersion and social inequality are more accentuated”.
“At Wayra we are excited to invest in Smowltech, a startup that is capable of providing a layer of reliability and trust to remote assessment processes with the use of technology. With its solution, increasingly useful if we take into account the rise of online education, Smowltech is already transforming and improving the lives of all evaluators and teachers who work remotely”, explains Paloma Castellano, director of Wayra Madrid.