Accredible today announced it has partnered with ThePowerMBA to bring digital certificates and badges to business profess...
Solution
Meet Accredible: Verify the demonstration of specific skills via digital credentials
Accredible has created the world's largest high-stakes credentialing network to help learners more fully tell their stories and to give employers trustworthy evidence to back up skill assertions.
Product
The world’s most comprehensive digital badge and certificate platform
Accredible has two main products: badges and certificates. It provides ancillary services, such as premium whitelabeling, job market insights, and digital wallet cards.
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Badges
Organizations use digital badges to recognize achievement, illustrate growth, and incentivize behavior. Accredible's visual designer makes it easy to create badges that represent the company's brand. Meta-data is also encoded in the badge to communicate details of the badge to anyone wishing to verify it, or learn more about the context of the achievement it signifies.
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Certificates
Accredible's digital certificates are unsurpassed when it comes to design options, delivery methods, social sharing, analytics, security, and verification. Users can set certificates to automatically expire or renew. Also, single-click verification makes third-party authentication quick and easy. Other features include multi-language support and automatic screen sizing.
Business model
Scalable business model that has unicorn potential
Traction
Accredible is gaining traction across a wide range of industries
Accredible's current ARR is $9.3M, and it's on track for $10M by EoY. Additionally, the company has already issued 51M credentials with an average ARPU of $0.71. Accredible has excellent cash flow due to annual contracts that are paid up-front.
Accredible's customer base (1779 paying customers) continues to expand. Its clients include leading tech firms such as Google, Slack, and Stripe that use credentials to memorialize the professional learning of staff as well as customer training. Top universities, including ASU, Harvard, and Purdue, use Accredible credentials to help students showcase their achievements to the world.
Market
$340.1B total addressable market
The global employment services market grew from $1.4T in 2021 to $1.6T in 2022 at a CAGR of 12.5%. It's forecasted to hit $2.3T in 2026 at a CAGR of 9.7%.
Accredible is poised to take advantage of this increase in market size by helping place the workface via digital credentials.
Vision
Accredible seeks to connect education with economic value
Founders
Meet the Team
Danny King, CEO and co-founder, had been programming since he was six years old. He possessed the interest and ability to be successful in the renowned Computer Science program at Durham University but didn’t have the grades to get in. Danny tracked down the head of admissions and talked him into giving him a spot by using evidence of his coding prowess. Shortly after graduating in 2012 (at the top of his class), King and fellow Durham graduate Alan Heppenstall, CTO, launched Accredible to build the world's first truly verifiable repository of human capital.
Case studies
Learn more about Accredible's value-add in case studies:
Disclaimers
In addition to the carried interest Republic Deal Room Advisor LLC is entitled to for the syndicated investments it organizes, certain principals of Republic Deal Room Advisor LLC may have a personal interests in these investments, as disclosed below. When making an investment decision please review any applicable disclosures as they represent pre-existing financial interests held by those principals of Republic Deal Room Advisor LLC.
We do not represent that the information contained herein is accurate or complete, and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. Certain information contained herein (including any forward-looking statements and economic and market information) has been obtained from and/or prepared by Accredible or other third-party sources and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, Republic Deal Room Advisor LLC does not assume any responsibility for the accuracy or completeness of such information. Republic Deal Room Advisor LLC does not undertake any obligation to update the information contained herein as of any future date.