Nigerian edtech startup, AltSchool Africa, is making strategic moves to fortify its presence in Kenya, now its second-largest revenue market. Founded in 2021 with a focus on virtual diploma courses in engineering, data, and business analytics, the company has rapidly expanded beyond its Nigerian origins, establishing itself in the US and Rwanda.
Adewale Yusuf, AltSchool Africa’s founder, confirmed the company’s Kenya expansion, emphasizing the country’s significance in their growth trajectory. The East African nation has emerged as the startup’s second-highest revenue generator, prompting AltSchool to concentrate on providing tailored support to Kenyan customers and streamline local payment processes.
Tabitha Kayvu, AltSchool’s Country Manager, will spearhead operations in Kenya, leveraging existing partnerships and engaging with local agencies to ensure accessibility to the platform’s globally sought-after skill sets.
AltSchool Africa, previously recognized for its virtual diploma programs, has diversified its offerings to include short courses in sales, content creation, and music. These courses, initially taught in English, are slated to expand into Swahili, reflecting the company’s commitment to inclusivity.
The startup, co-founded by Adewale Yusuf, Akintunde Sultan, and Opeyemi Awoyemi, aims to address the evident skills gap in Africa, where 10 million job seekers vie for three million available positions. AltSchool’s model involves flexible pricing between $20 and $50 per month, adopting an income-sharing agreement (ISA) structure where students agree to share a percentage of their future income in exchange for reduced upfront costs.
AltSchool Africa claims to have supported approximately 60,000 learners across 105 countries, achieving an Annual Recurring Revenue (ARR) of $3 million. With an eye on future growth, Yusuf expressed the startup’s intention to deepen its presence in existing markets. Having received funding from sources like the Rwandan Innovation Fund and successful rounds in 2022 and 2023, AltSchool Africa appears poised for continued expansion, bringing essential skills to learners across the continent.
