Company Performance Metrics
For the past two years, together with the two biggest Lithuanian universities (Vilnius Tech and VU), we have been scientifically researching and developing our “mathos” algorithm, that matches school students (aged 7-19) with their most suitable teacher/tutor based on their personal character, motivation and knowledge levels. According to our
EU-funded scientific research, this type of a matching system would have a substantial impact towards student’s effective way of learning, offering a possible solution towards saving the catastrophically deteriorating student achievements not only in Lithuania, but in Europe as a whole.
With the help of EU funding, in a short period of time we have managed: to scientifically and theoretically research and validate our matching algorithm; to develop and test our beta version of the platform (€12k MRR without any marketing costs); and perform various commercial and marketing strategical tests (average 3k-5k live students during our webinars, +10k student database, +500 Lithuanian teacher database).
Currently, we are finishing the development of our new version of the platform, that has been significantly improved (given high bounce rates of prior beta versions). The new designs of the platform were done according to the latest UI/UX trends by an ex-Wolt graphic designer and would help us successfully and effectively attract more users to the platform. Additionally, we plan to start programming our “rewards” system, where students will have an opportunity to earn money (average €50-€100 per month), once any given positive improvements (in marks, tests, exams) are tracked.