02 Jul 2023
In a bid to address the growing digital skills gap in Africa, Quantum Analytics emerged onto the scene in February 2021, introducing a groundbreaking online learning platform. The platform offers users the opportunity to register and access a wide array of courses spanning various subjects. By facilitating online payments, Quantum Analytics enables learners to gain entry into live training sessions, ensuring a seamless and convenient educational experience.
What started as a humble startup with just two team members and a modest budget of US$100 has experienced rapid growth. Today, Quantum Analytics boasts a team of 20 dedicated professionals operating across four countries. Co-founder Jonathan Osagie revealed that the inspiration behind the venture was the dire need to bridge the digital skills gap that prevails throughout the African continent.
Citing a report by the International Finance Corporation, Osagie emphasized that by 2030, an estimated 230 million jobs in Sub-Saharan Africa will require some level of digital skills. However, the continent currently faces the challenge of having the lowest literacy rate in the world, exacerbating the digital divide and hindering economic progress. Startlingly, recent statistics indicate that 90 percent of children in Africa leave school without acquiring even the most basic digital skills, severely limiting their opportunities for growth and advancement.
Quantum Analytics aims to be at the forefront of addressing this critical gap, particularly in the field of technology. While competing with established industry players like Udemy, Coursera, and Utiva, Osagie highlighted the startup's unique selling point—an impressive 85 percent employment rate for its graduates. Thus far, Quantum Analytics has been self-funded and has successfully attracted over 25,000 users from 35 countries.
"Our current operational scope includes Nigeria, the United Kingdom, and the United States," stated Osagie. "As of now, we have no immediate plans for expansion. Our primary focus is on consolidating our efforts within these regions to provide our users with maximum value and a high-quality educational experience."
Quantum Analytics generates revenue through the sale of course access, offering both per-time and subscription-based models. Since its inception, the startup has achieved remarkable revenue growth, consistently averaging 120 percent year-on-year.
As Africa looks toward an increasingly digital future, Quantum Analytics is positioning itself as a key player in equipping individuals with the skills needed to thrive in the evolving job market. Through its innovative approach and impressive growth trajectory, the startup is making significant strides in narrowing the digital skills gap and empowering individuals across the continent to unlock their full potential.