For Sale:

Asking Price: $3,300,000

Description

Listing Price
The owners are open to all serious offers.

Business Overview
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.

According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.

NOTE – Financials shown are the TTM

Highlights

• The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
• The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
• Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
• Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
• More than 80% of users are Tier-1 countries (mostly US)
• High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
• 4.6 rating with 9.6K ratings on iOS
• Team of experts
• Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
• Payment processing accounts (where transferrable)

Financial Overview

Other Information

Interested? Let's get in touch!