Transparency Statement: EduCreds is a pre-revenue, pre-commercial-launch company. All KPIs reflecting zero revenue and zero customers are reported honestly. The traction presented here reflects genuine product development, partnership formation, and institutional validation — not commercial activity.
1. Milestone Timeline
| Date | Milestone | Significance | Status |
|---|---|---|---|
| June 2025 | EduCreds Labs founded by 5 co-founders | Company formation; founding team assembled with complementary technical and business skills | ✅ Complete |
| August 2025 | First working prototype completed | End-to-end credential issuance and verification demonstrated in 60 days from founding — validates technical feasibility and team execution speed | ✅ Complete |
| November 2025 | Full enterprise platform stack completed | All 7 microservices built and deployed on Azure; W3C VC, DID, OID4VC, SD-JWT, EVF, PoIC all operational | ✅ Complete |
| January 2026 | National Innovation Hub incubator accepted | Uganda's premier startup incubator validates EduCreds as a high-potential venture; provides workspace, mentorship, and institutional network access | ✅ Confirmed |
| February 2026 | Founders' Agreement signed (5 founders) | Cap table formalised: CEO 34%, CTO 16%, Operations 12%, Growth 10%, DevOps 8%, ESOP 20%. 4-year vesting, 12-month cliff. | ✅ Complete |
| March 2026 | Microsoft for Startups accepted | Independent validation by Microsoft of EduCreds' technical quality; Azure credits and enterprise tools received — materially reduces infrastructure cost during pre-revenue phase | ✅ Confirmed |
| June 2026 | PwC advisory engagement initiated | PwC Uganda engaged as investment readiness advisor; provides access to institutional network, investor introductions, and financial structuring guidance | ✅ Confirmed |
| August 2026 | Pre-seed fundraise launched | $100,000 pre-seed program initiated; SS&C Intralinks data room secured; formal investor documentation complete | ✅ In Progress |
| Q3 2026 (Target) | Legal incorporation (URSB) | Formal legal entity; required for contracts and investment | ⏳ Pending Tranche 1 |
| Q3 2026 (Target) | 5 pilot institutions onboarded | First real-world credential issuance; traction evidence for Tranche 2 | ⏳ Pending Tranche 1 |
| Q4 2026 (Target) | First paying customers | Revenue generation begins; commercial model validated | ⏳ Pending Tranche 2 |
2. Product Build Status
What has been built: EduCreds has completed a full enterprise platform stack — not a minimum viable product or prototype — in approximately 14 months from founding. The build status below is accurate as of August 2026.
| Component | Status | Detail |
|---|---|---|
| Full Enterprise Platform Stack | ✅ Built | All workspaces, microservices, and integrations functional on Azure |
| Working Prototype | ✅ Live since August 2025 | End-to-end credential flow demonstrated and verifiable |
| Production Deployment | ⏳ In Progress | Security hardening and load testing pending; requires Tranche 1 infrastructure funding |
| Smart Contracts (Testnet) | ✅ Deployed on testnet | IIN (ERC-721), Credential Issuer, PoIC Registry contracts on EVM testnet |
| Smart Contracts (Mainnet) | ⏳ Pending | Mainnet deployment pending production readiness and incorporation |
| Paying Customers | ⚠️ Pre-revenue stage | No paying customers; pilot program launching Q3 2026 with Tranche 1 funding |
| Legal Incorporation | ⚠️ In progress | URSB application in progress; incorporation is a Tranche 1 deliverable |
3. Partnership Status
| Partner | Type | Status | Value to EduCreds |
|---|---|---|---|
| PwC Uganda | Advisory | ✅ Confirmed (June 2026) | Investment readiness guidance; financial structuring; investor introductions; institutional network access |
| National Innovation Hub | Incubator | ✅ Confirmed (January 2026) | Physical workspace in Kampala; startup mentorship; government and institutional network; peer ecosystem access |
| Microsoft for Startups | Technology / Cloud | ✅ Confirmed (March 2026) | Azure credits (reducing infrastructure cost); Microsoft enterprise tools; Microsoft Startup ecosystem visibility |
| SS&C Intralinks | Capital Raising Platform | ✅ Confirmed (August 2026) | Secure investor data room platform; professional presentation to institutional investors; data room credibility |
| Makerere University | Pilot Institution | 🔄 In Discussion | Uganda's premier university; pilot deployment would validate platform with highest-profile institution; TBC |
| Uganda NITA | Government | 🎯 Target | National digital infrastructure alignment; pathway to government registry status; regulatory endorsement |
4. KPI Dashboard — August 2026
0
Institutions Onboarded
Pilot targeting 5 (Q3 2026)
0
Credentials Issued
Pre-commercial launch
0
Active Verifiers
Employer network not yet launched
$0
Monthly Recurring Revenue
Pre-revenue stage
99%+
Platform Uptime
Azure Container Apps SLA
7
Microservices Deployed
All deployed on Azure (testnet)
4
Active Partnerships
PwC, NIH, Microsoft, Intralinks
14
Months Since Founding
Full platform built in 14 months
5
Founding Team Members
Full-time, equity-aligned founders
5. What Tranche 1 ($25,000) Unlocks
Tranche 1 is the bridge from "built but not deployed commercially" to "legally operating with customers." Specifically, the $25,000 Tranche 1 investment unlocks:
- Legal entity: URSB incorporation ($5,000) — EduCreds becomes a legal Ugandan company capable of signing contracts, receiving investment, and issuing invoices
- Production-grade infrastructure: Security hardening and load testing ($4,000) — platform moves from prototype-grade to production-grade, capable of supporting institutional customers with SLA commitments
- First 5 institution pilots: Onboarding support and deployment ($6,000) — real credentials issued on a live platform, generating the traction evidence for Tranche 2 investor conversations
- Founder retention: Stipends for 4 months ($7,000) — the founding team remains fully committed through the fundraise critical period
- Operations: Running costs ($3,000) — sustains day-to-day operations through Q3 2026
Tranche 1 KPI Targets (Q3 2026): URSB incorporation complete → Production deployment live → 5 institutions piloting → First credentials issued → Legal entity capable of signing Tranche 2 SAFE
6. Upcoming Catalysts — Next 6 Months
| Catalyst | Timing | Expected Impact |
|---|---|---|
| URSB legal incorporation | Q3 2026 | Enables contract signing, investment receipt, and formal business operations |
| Production platform launch | Q3 2026 | Moves from prototype to commercial-grade; enables institutional onboarding |
| 5 pilot institutions deployed | Q3 2026 | First real-world credentials issued; traction evidence for Tranche 2 |
| Tranche 2 SAFE close ($50,000) | Q4 2026 | Funds sales activities and first paying customer acquisition |
| First paying customers (target: 5–10) | Q4 2026 | Validates commercial model; establishes ARR; triggers Tranche 3 |
| Employer verification product launch | Q4 2026 | Opens second revenue stream; drives institutional adoption through employer demand signal |
| Kenya market entry groundwork | Q4 2026 – Q1 2027 | Establishes legal and partnership foundation for East Africa regional expansion |
| Tranche 3 SAFE close ($25,000) | Q1 2027 | Funds regional expansion; positions for Seed round fundraise |