The video is a conversation between Malena Volberg and Duncan Foord about their collaboration. Preply is an online platform that connects tutors with students, while Oxford TEFL is a teacher training organization. The two companies have partnered to offer a number of benefits to tutors, including free access to Oxford TEFL courses, discounts on courses, and invitations to conferences. Preply also offers a number of benefits to students, including access to a large pool of qualified tutors and a subscription model that helps them retain students.