Microcredit framework. Most unis will transition to this model as the unis want revenue from learners who want to upskill and get recognition. It's a really clever framework. Openlearning can work with anyone while companies like Coursera and Future Learn are exclusive for some unis. The learning platform is pretty closed from competitors while Openlearning is open haha.
Their main customer will be universities going forward, not individual course creators. Especially using the microcreds framework.
You are right though. It is very tiny. Hence the elephant in the room. $2M ARR is not going to change the world. However you are buying now for future growth and tbh Adam Brimo is quite an honest CEO. Adam was from UNSW and he is a bit new in terms of running a public company, but they listed last year. You gotta give him some slack. I like the maturity He has displayed soo far. He understand the business from beginning to end even when responding to questions.
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