← Embedded Finance Index 2026

Crimson Education

Can Crimson Education become the global operating system for elite university admissions by combining technology, human mentorship, and flexible payment infrastructure across 21+ markets?

Founded2013
HQAuckland, New Zealand
FoundersJamie Beaton, Fangzhou Jiang, Sharndre Kushor
Total raised$75M
Latest roundSeries D
Valuation~NZ$1B post-money (2022)
IndustryVertical SaaS / Education
The story

Founded in 2013 as a boutique college admissions consultancy in New Zealand, Crimson Education scaled internationally by combining human mentorship with a technology platform. It expanded beyond admissions consulting into an online high school (Crimson Global Academy) and research/test-prep verticals, growing to 21 markets. The embedded finance angle is primarily operational: Stripe powers multi-currency billing and payment plans across markets, enabling the company to collect high-ticket consultancy fees ($25K–$200K) from families worldwide in local currencies.

Last 12 months
2025-03
2026-04
Product timeline
2013
Founded in New Zealand as a college admissions consultancy focused on helping students gain entry to elite US and UK universities.· pivot
2019
Raised $5M at a $245M valuation, expanding global platform and tutoring/mentoring services.· banking
2022
Completed Series D funding round of $40.5M, reaching ~NZ$1B post-money valuation; expanded to 21 markets and 26 global offices.· acquisition
2024
Crimson Global Academy ranked #4 in the US for online high schools by Niche.com; company surpassed 1,340 Ivy League acceptances.· pivot
2026
Partnership announced with Citigroup to provide Citigold Private Client customers access to international education planning services.· acquisition
The stack
1 layer disclosed in Crimson Education’s embedded-finance stack
Payments / PSP
Stripe
Accounting gap: none