Edukoya, a Nigerian education technology company, would have closed, confirming the decision in a declaration to the stakeholders.
The company that was on a mission to reinvent the way in which African students learn in the era of mobile devices, have cited several challenges, including market preparation, poor connectivity, limited access to devices, low available income and wider macroeconomic conditions that have hampered mass adoption.
“Edukoya has encountered major market preparation challenges in scaling our synchronous learning model”, “ The company said in its email.
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Despite notable progress, serving more than 80,000 students, facilitating more than 15 million questions, and performing thousands of live lessons, Edukoya has finally decided to do operations.
Edtech has explored potential partnerships, mergers, acquisitions and pivots of the business model before reach its decision. While the company denied the reports on a pivot at the Fintech, he recognized that the Koya application, a savings and debit card platform for children was a separate initiative rather than a change in direction.
Brief History of Edukoya
Founded in 2021 by Honey OGANDEYI, Edukoya’s mission was to build the world’s largest online learning platform for Africans by creating high quality learning equipment and supporting more accessible and affordable. In essence, he wanted to reinvent the way in which African students learn in the era of mobile devices.
He hoped to achieve this by connecting African students with the content of the digital program and on -demand teachers for real -time online learning. According to Honey OGANDEYI, founder and CEO of Edukayo, the vision was to redefine education for the next generation.
She said,
“Our vision in Edukoya is to redefine online education for the next generation of Africans. Africa has the population of school age which is experiencing the fastest growth in the world, with more than 260 million students and count. Our goal is to democratize access and make high quality instructions and content accessible and affordable to each student, no matter where he lives on the continent. »»
It should be noted that the platform launched and made an instant big bang with significant fundraising. He collected a million dollars in progress, apparently while being in the beta phase, which was impressive.
The company noted that the funds will be used to extend its team and its learners base as well as to build the technology necessary for its platform.
What Edukoya offered
Edukoya helped students better learn by providing smart solutions to educational tasks.
According to the platform, “With the detailed solutions of Edukoya, you get more than answers. »»
The platform lasted 24 hours a day, helping students with practical tests for ham, WAEC and school exams. He also helped students resolve questions in many subjects, including English and mathematics.
He had more than 20,000 questions with students’ answers. The information on his portal indicates “You can call when you need help to study. Tutors can explain concepts and homework, give instant comments and prepare for tests and exams. »»
In particular, Edukoya has provided video lessons and interactive lessons by linking students with teachers. The company revealed that 96% of students who used the platform obtained higher marks in mathematics and other hard materials.
The state of Edtech in Africa
The educational technology (Edtech) in Africa is at a dynamic crossroads, showing immense potential to transform education while grappling with significant challenges. As of February 26, 2025, the landscape reflected a mixture of innovation, growing investment and persistent barriers that shape its trajectory.
The African Edtech sector has experienced rapid growth, Pushed by the young population of the continent and an urgent need to fill the educational gaps. With millions of children outside the school (98 million in sub -Saharan Africa only) and a serious shortage of teachers (15 million necessary for 2030 to achieve the objectives of global education), technology offers an evolutionary solution.
The investment in African Edtech undoubtedly leaps, the startups collecting large funds to meet these challenges. However, the closure of Edukoya, despite the increase of $ 3.5 million in 2021, underlines the fragility of the sector.
