SaaS New Zealand verified NEW

Platform that makes studying hyperefficient through flashcards that predict when users forget them

Asking price
$45,000
Revenue
$22,454
Profit
$10,471
Growth
11%
Customers
500-999

Description

Platform makes studying easy through flashcards that can predict when you'll forget them (spaced repetition). Students create flashcards from our web app, Chrome Extension, or Notion Integration. Learners can start a study session anywhere from Web or Mobile (Android/iOS). Learners report how difficult it was to answer each flashcard and a spaced-repetition algorithm creates optimal daily study sessions to prepare them for their exams. The 25% of our active users use the platform for 7+ hours /week. We have 230K+ flashcards studied/week and 55K+ unique flashcards created per week.

Tech stack

Ionic React, TailwindCSS, TypeScript, Firestore/Firebase, AWS, GraphQL

Business model

B2C Subscriptions make up 70% of TTM revenue. B2C Students - Selling to students for unlocking in-app features ($51.50/year) B2C Teachers - Selling "Teachers Pro" for $100-$150/year B2B Schools (30% of TTM Revenue) - Selling "Classrooms Licenses" for $2-7/student/month. All B2B revenue from the past 12-months was from a license with a single university. Huge opportunity to grow this by closing more schools.

Growth opportunity

- SEO: Immediate SEO opps with 60K+ unique flashcards created weekly. Feed this into Google with an SEO optimized page and you have an organic growth engine. - Marketing: We have done very little marketing / growth initiatives aside from on-launch. You have an opportunity to take the company to the next stage. - B2B: There are several schools and teachers using the platform. Handful of the teachers are paying already. We've sold school licenses before (at $7/student/month) and have a process for setting these up. Teachers use the platform every day. With some sales skills, the platform could be sold to the parent school of our active teachers.

Competitors

Anki Quizlet RemNote

Highlights

Brand Marketing materials Customers Mobile application Domain Website Social media accounts Intellectual property Codebase Codebase and IP

Reason for sale

Focused on other projects in a different industry. The platform has run on effectively autopilot for 24+ months. Someone else with more time can take this further. Open to staying involved in an advisory/consulting position for the acquirer.