Nigerian edtech startup AltSchool Africa, akin to the US coding bootcamp BloomTech, has broadened its operations to Kenya, its second-largest market, with a revenue contribution from Kenya being the second-highest.
The founder of AltSchool Africa, Adewale Yusuf, confirmed this expansion, stating that the startup will now provide increased hands-on support to its Kenyan customers, aiming to facilitate local payment processes.
Mr Yusuf mentioned, “We’re not new to the people, but this will give us the opportunity to expand.”
The firm’s Kenyan operations will be overseen by Country Manager, Tabitha Kayvu.
Established in 2021 as an online platform offering diplomas in engineering, data, and business analytics, AltSchool Africa has extended beyond Nigeria, establishing its presence in the US and Rwanda, with the Norrsken hub office opening in 2023.
The successful expansion in Kenya is attributed to key partnerships with local stakeholders, as AltSchool Africa engages in negotiations with various agencies to ensure Kenyans have access to globally sought-after skills.
Diversifying its offerings, AltSchool Africa now provides short courses on sales, content, and music creation in English.
The startup plans to continue these courses in the country and expand to offer courses in Swahili.
Founded by Mr Yusuf, Akintunde Sultan, and Opeyemi Awoyemi, the firm addresses the skills deficit in Africa, offering skill-building programs in business, data, engineering, media, and the creative industry.
The startup offers courses at flexible rates ranging from $20 to $50 monthly, adopting the income-sharing agreement (ISA) model popularized by companies like ALX.
Mr Yusuf notes that AltSchool has assisted approximately 60,000 learners across 105 countries, generating $3 million in Annual Recurring Revenue.
The startup has plans to intensify its presence in current markets, having received funding from the $30 million Rwandan Innovation Fund and raised nearly $3 million in May of last year, along with $1 million in pre-seed funding in 2022.
Looking ahead, Mr Yusuf expresses the desire to “deepen our presence in existing countries.”