AltSchool Africa, Nigerian edtech startup has set up shop in Kenya.
With the traction in Kenya, the East African country has become the startup’s second largest market by revenue.
AltSchool will now focus on providing hands-on support to its Kenyan customers and will also work on processing local pain faster.
Tabitha Kayvu, AltSchool’s Country manager, will lead the Kenyan operations.
Co -founder Adewale Yusuf highlighting the company’s effort to serve Kenyans said,
“We are in talks with different agencies on the ground to make sure that Kenyans have the right access to the global in-demand skills that Alt school has to offer.”
The edtech startup now offers short courses on sales, content, and music creation.
Yusuf says the startup will maintain these offerings in Kenya and will teach these courses in English.
There are also plans to teach in the Swahili
AltSchool Africa; A brief history
Adewale Yusuf, Akintunde Sultan, and Opeyemi Awoyemi founded AltaSchool in 2021.
It was a virtual platform for earning diplomas in engineering, data, and business analytics.
AltSchool equipps youth with global in-demand skills in business, data, engineering, media, and the creative economy.
This increases their chances of employment thereby gradually bridging the huge gap between the many unemployed and the employed.
Interest for its services has grown beyond Nigeria.
It now has a presence in the US , Rwanda, where it opened an office last year and now in Kenya.
How it Works
The edtech startup offers flexible pricing between $20 and $50 per month for the duration of any course of choice.
Also, they follow the income-sharing agreement (ISA) model popularized by companies like ALX.
In this model, students agree to share a percentage of their future income in exchange for reduced upfront costs.
Progress
According to co-founder AdeqalevYusuf, AltSchool has supported about 60,000 learners across 105 countries and makes $3 million in Annual Recurring Revenue.
The startup was a recipient of the $30 million Rwandan Innovation Fund last year.
It also raised about $3 million in May last year, after its $1 million pre-seed funding in 2022.
Talking about future prospects, Yusuf said, “We want to deepen our presence in existing countries,”