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ACE SMART TECHNOLOGIES

We have developed a robust elearning portal.

Zambia
Market: Education, training
Stage of the project: Operating business

Date of last change: 06.08.2020
Min amount of loan
$  250.000
Estimated yield
10 % a year
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Total required
$ 500.000
Rating
equalizer from 1000
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Idea

We is the largest and most comprehensive technology company in Zambia that focuses on education-based services. ACE has more than 25,000 users, managed more than 50 teachers offering services in more than 80 subject areas, and has collaborated with Zamtel, Examinations Council of Zambia(ECZ) and the Ministry of Education in Zambia.
We provides many learning services, the favourite being Smart Revision. It is an online self-learning platform with ECZ past papers and solutions, notes, videos, quizzes, infographic summaries

Current Status

we have more than 30,000 subscribers in the past 90 days. hoping to hit 100,000 customers by end of 2020.

Market

we target 6 million Zambian female and male K12 students from all sectors. we target pupils from urban and rural schools whose parents can afford a smart phone or a tablet.

Problem or Opportunity

Imagine a child trying to pursue their dreams to become a Doctor, and the challenge is that:
1.schools are closed due to Covid19,
2.Pupils have no access to books due to Covid-19
3.They have no access to revision classes and pupils progress monitoring reports.

Competitors

we have iSchool and Zamtutor as the main competitors,

Advantages or differentiators

our unique advantage is that we are the only EdTtech company that has authority for the use of past examinations papers. we are the only company with authority from the ministry of education to implement the first ever computer based exams in Zambia.

Finance

we charge $0.99 per month per pupil, they pay using mobile money, talk time credits/units, Visa and MasterCard. our major cost is software development and content/RD.

Loan terms

18 months

Interest rate, %

10

Business model

our business model is simple in the sense that we chaerge $0.99/month/students. we have partnered with Zamtel telecommunications ltd and the Ministry of Education in Zambia to market the services.

Solution (product or service)

ACE is Passionate about Education and we make Learning Fun! We have developed an eLearning portal providing access to :
1.Learning materials through a longman/Pearson Africa partnership.
2.Our portal is accessible via Web, phones, computers, iOS/ Android apps
3.We Provide access to original Examinations Council of Zambia(ECZ) past papers and solutions plus video lessons.

Risks

the risk is that we need to market more to the schools who have less computers or no computer laboratories.

Incubation/Acceleration programs accomplishment

SADC, Jack Ma Foundation(ANP), Injini ,Tony Elumelu Foundation(TEEP), SAIS

Won the competition and other awards

SADC CHALLENGE 2020 WINNERS, INJINI EDTECH 2020 WINNERS, TEEP 2020 FINALIST

Invention/Patent

WE HAVE COPYRIGHTED OUR SOFTWARE
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video