More than one in four UK students and 14,000 academic institutions worldwide use the RefME platform, which lets users scan a book or journal barcode to create a reference, automating the bibliography and citation process. Tom Hatton, 26, and Ian Forshew, 34, started the London firm in 2014, and last year it raised £2.7m from Dubai-based GEMS Education. This January RefME launched its first subscription product, and with strong demand in the US it is forecasting sales of £1.5m this year.
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