Source: Tom Jackson/Disrupt Africa
Founded in February 2021, Quantum Analytics allows users to register and view available courses across a variety of subjects, which can then be paid for online to access a live training platform.
Beginning life with a team of two and US$100, the startup now has 20 people working across four countries. Co-founder Jonathan Osagie told Disrupt Africa he had launched the business to fill the growing digital skills gap on the continent.
“According to a report by the International Finance Corporation, some 230 million jobs in Sub-Saharan Africa will require some level of digital skills by 2030,” he said.
“Sub-Saharan Africa has been reported to have the lowest literacy rate in the world as the continent faces a huge digital skills gap, which is diluting economic opportunities and impeding development. Current statistics show that 90 per cent of children in Africa leave school without learning any basic digital skills, limiting much of what they can do today.”
Quantum Analytics aims to fill this gap, especially when it comes to tech skills, and is competing against the likes of Udemy, Coursera, and Utiva. Osagie says his company is differentiated by its 85 per cent hire rate. Self-funded thus far, the startup has over 25,000 users from 35 countries.
“We are currently operating in Nigeria, the United Kingdom, and the United States,” Osagie said.
“For now, we have no plans to expand. We are consolidating our efforts within these regions to enable our users to get maximum value.”
Quantum Analytics monetises by selling access to its courses on a per-time or subscription basis, and has been growing revenue by 120 per cent year-on-year since 2021.
Source: Tom Jackson/Disrupt Africa
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