Modme
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Date of Foundation
2020

Modme

All-in-one tool for hybrid education

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The Idea origin story

Our startup, Modme, is a comprehensive fintech and edtech solution tailored specifically for private education providers. It's not just a marketplace but a versatile CRM and LMS platform that enhances the functionality of online courses. This is achieved by amalgamating key features like payment processing, online class management with lessons and homework assignments, group management, gamification, AI support for both educator and learner, and detailed reporting on financial metrics and student performance. It's designed to be a service, or even a white-label solution.

The Mission

Our vision is: market of influencers is super growing. They will monetize their audience via selling goods, some of them via educational products. We'll be a part of that industry.

Clients

Micro+ influencers, that ready to sell educational products for their audience.

Problems we solve

Client’s problem

1 - they need all-in-one solution for monetizing audience 2 - current LMS's are hard to use and not widely known 3 - there is no "default" easy-to-use solution for getting payed in online education

Confirmation of problem

we have traction of first clients spent less than 100$

Solution

My startup is a comprehensive tool for hybrid education, specifically designed to assist micro and macro influencers in monetizing their audience. We offer an easy-to-use solution that simplifies online payment procedures while overcoming the complexities found in traditional Learning Management Systems. Our platform

Our technologies

This solution is based on technologies

Artificial intelligence, EdTech and FinTech software technologies are instrumental for this startup.

How it works

Influencers register, add products, set prices, and share product links with their audience. Purchasers gain access to the educational content purchased.

Value for the client

Modme offers an all-in-one platform, combining payment processing, online class management, AI support and in-depth reporting to enhance hybrid education.

Market and strategy

Market size

399300

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

3

% of the market

Is our goal in the next 3 years

Team

My name’s

Ruslan Yuldashev

My key role in the product

My key role is the CEO and CPO, where I'm responsible for setting strategic goals, decision making and overseeing product development.

Team size and key members

Ruslan Yuldashev - co-founder, CEO and CPO Jakhongir Pulatov - co-founder, CMO Kirill Lotoxov - COO

Competitors

Competitors

GetCourse Teachable Patreon

Our Advantages

Our product offers a comprehensive solution for hybrid education that seamlessly integrates with existing tools, including those of our competitors. We aim to satisfy the sophisticated needs of influencers by providing flexible service and innovative solutions.

Business model

- subscription - around 100$/month - transaction fee - up to 10% per transaction

Traction

- MRR up from 15k to 20k - Active clients growth to 30% - Active clients growth in Indonesia - Launched new product - Online Education - Get traction of first customers of new product

Achieve 50k MRR

Metrics

- MRR - Revenue, Profit - Users activity - Number of Students - Students activity

Within a short span, we've successfully boosted our Monthly Recurring Revenue from $15K to a strong $20K. The financial growth reflects our strategic efforts and sustainable business model.

Incorporation

Our company incorporated in

Kazakhstan

Key risks

The main risks for our startup include potential competition from existing fintech and edtech companies, fluctuations in market trends affecting the demand for hybrid education or influencer marketing, technological failures, or challenges around data privacy and security.

Investments

$

250000

We raised investments

Our Investors

1. Ruslan Yuldashev - co-founder - 41.40% 2. Jakhongir Pulatov - co-founder - 41.40% 3. Mikhail Tokovinin - angel investor - 9.20% 4. UzVC venture fund - 8%

Rising Investments

$

350000

Currently, we are raising investments

$

3500000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Co-founder Position: Technical Director As Modme continues to innovate and grow in the hybrid education market, the need for a dedicated Technical Director is ever more present. This role is integral to maintaining a synergistic relationship between the technical aspects and the rest of the operations within the startup. The ideal candidate will be responsible for creating and implementing system enhancements, overseeing technical development, and collaborating with the development team to ensure the delivery of high-quality software solutions. Experience in EdTech and FinTech software technologies is crucial along with a solid understanding of AI platforms as these technologies are the core tools in our startup. Coupled with their technical skills, the ideal candidate should have a strategic mindset and the ability to make sound judgments even under pressure. They should be able to work closely with the CEO, COO, and CMO to understand business objectives and to aid in making decisions that put the company on a path to sustainable growth. If you have a passion for edtech and believe in our vision of

Open positions

Modme is geared towards empowering influencers to monetize their audience effectively and efficiently. It offers a comprehensive, easy-to-use platform that resolves the complications encompassed by standard Learning Management Systems. In addition to simplifying the online payment process, our platform employs edtech, fintech, and AI technologies to provide a robust system that amalgamates online class management, lesson and homework assignments, group management, gamification, and detailed tracking of financial metrics and student performance. As the market for influencers continues to grow rapidly and they increasingly turn to selling goods and educational products, Modme stands at the forefront, ready to take part in this thriving industry. We have already begun to gain traction, signing up our first clients while keeping expenses under $100. Our goal is to claim a 3% stake of the $399.3 billion market, and to that end, we have a dedicated team driving us forward. As the CEO and CPO, I set strategic goals and oversee product development along with

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Additional information

Modme
MVP
Date of Foundation
2020