Nigerian ed-tech startup Edustripe has developed school management software that helps educational institutions digitize various aspects of their operations, and is already used in dozens of schools and by hundreds of parents.
Founded in March 2019 by Tolu Odueke and Babajide Esho, Edustripe has developed a platform that helps schools and parents manage tuition, access loans, monitor grades, and create personalized education plans.
“We help improve existing education systems, making them more efficient, faster and 100% stress-free. Our tools are integrated into a simple, flexible and reliable platform,” Esho, CEO of the startup, told Disrupt Africa.
The first gap the Edustripe team spotted was that there were not enough IT companies helping users solve problems that cut across all aspects of their daily lives, and those that exist have not yet reached their full extent.
“Although platforms like Edves have over 400 schools on their platform, they do not control up to 1% of the total addressable market in Nigeria, and they are the largest ed-tech platform in the country,” Esho said. “Another competitor in our market is Schoolable, which focuses strictly on education funding, but we believe more could still be done to help customers solve the problems they have and help them achieve their goals. educational goals.”
This approach has met with a positive response so far.
“The adoption has been very encouraging, as we have been able to work directly and indirectly with more than 500 parents and 60 schools with our various products. We graduated our first cohort of 50 students in our TechTeens Summer Bootcamp where we introduced teens to different tech concepts, and we saw an increased need from parents for more virtual content to keep learning going with the current pandemic,” said Esho.
All this while being self-funded and seeded. The startup, which charges subscription and commission fees, plans to create more educational content for its platform and expand to more Nigerian states. Esho said it also hopes to expand into three additional African markets by 2023. For that, however, Edustripe will need investment.
“We are looking for venture capital funds as we would like to raise a funding round,” Esho said.
“We have tried to grow the business to the point where we are attractive to investors, and it would be a real delight and a pleasure if we want to get seed funding.”