Edtech startup Pinpaya plans to implement blockchain technologies in its platform
We spoke to one of the founders, Georgi Kurotskin, about his edtech start-up and about the company’s ambitious plans for the future.
First of all, how are you and your family doing in these difficult times?
We are fine, thank you! Of course, since the pandemic, the world has changed a lot with people starting to move online, and since our main project is the software development company BlueGlass, this of course brought more virtual interactions to our field. If, for example, two years ago we had 2 face-to-face meetings every day, now there is much less 🙂
Tell us a little about Pinpaya?
Secure! Pinpaya was originally created in Africa, namely in Kenya. We discovered that the Kenyan market had a number of built-in challenges that we had not been able to predict. This ended up being our fault as we were not prepared for any specific challenges on this continent and were forced to shift the project’s focus from Africa to Europe and the UK.
Basically, Pinpaya is an online education platform that connects students and tutors for 1-to-1 online lessons.
What motivated you to create the Pinpaya platform?
Learning will be in demand at all times. We live in a very competitive time, where everything changes very quickly and you have to make decisions quickly and adapt to new realities – this can be done through learning.
The main motivator for us is to help people grow by learning online from home and to help talented people find work.
Which markets do you currently operate in?
As we are at the beginning of our journey and our platform still has minor bugs, we are focused on the UK and Estonian market for now. We plan to enter Spanish speaking markets in the near future.
View from the Pinpaya office
Who are your competitors? And how do you intend to stay in the game?
Some of our competitors are Preply, iTalki, etc.
We want to find our niches. We have tried to make our product easier to use and include features that our competitors do not have. Our focus is on automation and innovation.
How does Pinpaya innovate?
In addition to the fact that our platform is already almost fully operational and many students and private teachers complete lessons on it, we want to go further and adopt new WEB3 technologies. We want to create our own token and use the blockchain to create a cashback program for all teachers and students.
What are the benefits of using a blockchain cashback program?
Crypto tokens are a type of cryptocurrency that represent an asset or specific use and reside on their own blockchain. Tokens can be used for investment purposes, to store value or to make purchases.
In our case, this is an opportunity to use features and benefits of our platform and also withdraw tokens to your crypto wallet.
Do you intend to attract investors?
Certainly! We are working on this right now, looking for a quick boost to help capture other markets as well as implement our new technologies, so we want to find a financial injection. At this initial stage, our plan is to find an investment of 500,000 USD. So far we have worked exclusively with our office team in Tallinn to develop our platform.
Your website?
www.pinpaya.com
