wowahthe Sevillian that was born as a solution for students to share and monetize notes, managed to raise 5 million euros in one led by the Spanish fund Seaya Ventures. They also participated Alter Capitalthe educational group Proeducaand other important figures from both the EdTech sector and the creation of communities in Spanish.
This investment closes months after the platform completed an operation of 1.5 million euros, and which was opened to its own users. Currently, Wuolah has 2.5 million registered students, 500,000 active users per month and more than 5 million documents uploaded.
Now, the goal of the startup is to create an entire training and education platform, a business model that can be replicated. “We want to transform the educational model that, unfortunately, is based on memorization and slows down the development of too many countries, professionals and citizens”, expressed the co-founder and CEO of the company, James Quintero. “We have started with the notes and the Wuolah of the future will have video courses, streaming classes… We see ourselves as the Twitch of education.”
A before and after in the world of notes
The startup was founded in 2015 in Seville by Quintero together with Enrique Ruiz, Javier Ruiz and Francisco Jose Martinez Benitez, when they were still students. Over the years, it managed to become a true educational solution for many university students who learned about the good user experience on the platform through word of mouth.
For now, they have had a starting point in sharing notes in universities and secondary education focused mainly on young people, but the idea is create an entire platform for training and technological education of a high level and quality. As Ruiz explains in this Twitter thread, “Today I know that we can become a global platform that helps anyone to teach another in the subject they need.”
Today I am happier, I open thread:
– Enrique Ruiz (@enriqueruiz__)
A way to monetize the effort
Many students need to work while studying in order to cover expenses. In that sense, Wuolah became a good alternative for generate extra incomesince the platform allows users to upload their own notes and receive a economic remuneration for each download have your document.
The app is free -you can pay to remove ads- and it works on both mobile and desktop devices. It contains notes from different educational centers of Spain, Argentina, Chile, Colombia, Italy, Mexico and Peru. To be part of the community, you just have to register, fill in a few details, choose a country, an educational center and that’s it. You will now be able to access the notes hosted on the platform.
If your study center is not in the drop-down list, you can create a new community following the steps indicated by the website itself.
How does Wuolah work?
The Steps to follow:
- upload your notestry to take advantage of your notes, they have value.
- tell your colleagueslet everyone know that you are using this Wuolah platform.
- let them download it for freethey just have to fulfill that they are registered.
- Earn money for every download.
How to upload notes?
When a student is interested in uploading notes and is registered, click on “Add files”. A form is filled out where the title appears, the teacher and make any observations if necessary. The more information offered, the more confidence it will produce and therefore the more downloads it will have.
How to earn money without anyone paying for downloads?
Surely you are wondering how can it be that students can download notes for free, but users charge per download?
Through advertising, the money advertisers pay to reach students is what users charge per download. For this reason, all the material is free, but there is a reward for quality in the notes.
How much is paid per download?
The money to receive for each download is based on the document characteristics such as the format and size, and consequently of the advertising that is contained. For example, a PDF file with many pages will present much more advertising. The downloads will add balance to the Wuolah student’s account.
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