2. Value proposition
A scalable, robust and global platform
that will serve as the underlying engine
of the knowledge economy
and the inclusion of millions of people.
We want to unify
access to education,
finance and the labor market
in one online service
delivered at scale
across the world
3. Business model
The paying customers
from other students or financial
institutions is what will lead this
revolution and disruption of the
education, finance and labor market.
A loan model
A co-investment model
A paid program
1
2
3
5. Our current development
team on the ground
in Bangladesh is
100% focused on serving
our mentor team
and ultimately
our paying customers
which is our students.
The focus is to manage
the interface between
our key users of the platform:
• the student;
• the mentor;
• the management.
This initial product
is the “core” of the
CodersTrust platform
and the lessons learned
will serve as our fundament
to plan for the future
of the platform.
Lean startup product developmentCurrent Status
Features:
• Automated online marketing
and re-targeting of students
• Registration/application/scoring
model of students
• Unified online profile/dashboard
for freelancers
• Learning tracking and management
• Financial tracking and management
• Data model to target
high potential students
6. We have started by doing
everything manually exactly
like Yunus originally did,
but we’re now in a position
to start planning for
a bigger IT vision for the future.
The current product/platform
being developed is suitable
for a blended learning model
with approx. 1.000 students
where offline classrooms
and control can compensate
for the missing features
and comprehensibility
of the platform.
However, a more scalable
platform is required to reach
100.000 students to secure
data security, consistency
in our service and 100%
online delivered learning and work.
Planning for a bigger IT visionStages
• Online available tools
(Worksnaps, oDesk,
Google API etc.)
• Widget driven profiles
• Manual admin
Proof of Concept: Proof of Business: Proof of Scale:
2016Q3 2015Q2 2015
• Automation
• Online portal targeted
freelancers
• Core features to support
student operations
• API driven to other
online services
• 2-3 person Team in Banlgadesh
• Financed by CT revenue streams
• CTO BD – Maruf Hasan
• Burn rate $3000/Month
• Software and Platform
as a service - serving
1) CodersTrust online portal,
2) Banks,
3) Universities,
4) Corporate HR
• Build on MIFOS and EDX
open source platforms
• 10-20 person team in India
• Data center in Dubai
build on IBM stack
to serve Asia, MENA and Africa
• Financed by SAAS revenue from
1) Banks
2) Universities
3) corporate HR
• CTO Global - TBD
• Burn rate $10.000/month
7. Operational:
Platform:
Funding:
Scaling:
The main goal in Bangladesh will be to ensure the progress of the first batch of students financed
by Bank Asia and build out an organization and close partnerships to enroll more students on
a “sponsored”, “free” and “paid” program. Furthermore, the aim is to establish
an online content media strategy to drive engagement through the full student life cycle.
A development team of 6 to build out our online platform to go fully “online” in terms of online learning
from May 2015. We will be adding more developers to the team to speed up the platform development
as a requirement for online learning and scaling the number of students.
We’re signing a partnership with PlanetFinance to,
1) secure creditline for 100.000 students in Bangladesh and beyond,
2) close deals with impact investors for a global roll-out,
3) Raise a series A round and
4) establish strong local partnerships for local penetration and expansion.
Organizing our CodersTrust franchise package which is currently being used by CT India, CT MENA
and CT Africa to identify local partners to roll out CodersTrust when we are ready.
Aligning our IT-, Business
and Operational strategies
Execution
8. We will plug into existing
development forums and existing
open source platforms to reach
the level of robustness that we’re
looking for. The architecture
of the ultimate platform will stand
on the shoulder of three main giants:
1) MIFOS banking platform –
open source development framework
2) Open edX educational platform -
open source development framework
3) Odesk/elance/Freelancer.com APIs
By building on "top" of open source
networks such as MIFOS and
Open edX, we have an existing
IT platform to leverage, a global
network of developers, an IT
enabled distribution channel
to MFIs and educational content
providers worldwide and platforms
that can be served by our students.
Our API will enable banks,
educational providers or
internal/external labor markets/HR
to plug into our system to provide
either financial, educational
or labor services in whatever niche,
geography or sector.
The future of student financingVision
FinTech
(MIFOS)
EdTech
(Open edX)
Content Partners Corporate HRBanks FI's MFI's
WorkTech
(oDesk/Elance/Freelancer.com)
Platform
