EdFinTech Tools for Parents: Interview with Ali Rakhimov, Founder of Skookii

Recently, EdTech Times interviewed Alisher (“Ali”) Rakhimov, founder of Skookii. Skookii is an “EdFinTech” (Education Finance Technology) company dedicated to creating a simpler way for parents to pay for school fees and after-school activities. When we spoke with Ali in our latest podcast interview, he told us the full story of how his company was founded, where he met his cofounders, and how they plan to develop the Skookii product in the future.

Hear the whole story in this two-part Innovators & Innovations interview:

Innovators: Interview with Skookii Founder Ali Rakhimov, Pt. IInnovations: Interview with Skookii Founder Ali Rakhimov, Pt. II

Ali tells us about his experience working for a charter school, where he met his cofounders, and where he got the idea to start Skookii.

Ali tells us what his product does and what to expect from Skookii in the future, sharing advice for future edtech startup founders.

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Company at a Glance

Company name: ​​SKOOKII [s’cookie]​

Founded: June 2014

Founder: Alisher Rakhimov

Website: skookii.com

Twitter: @SkookiiTeam

Market segment: EdFinTech & Market Network

Product stage: In the market

What does your company do? Who are your core customers?
We help schools and parents TRANSACT (with our payment method for in-school fees and activities) and CONNECT (with our private online community). Our core customers are any public, charter, or private schools, as well as any parents who want to make payments and manage their kids’ school expenses.

What are you doing differently than your competitors? Do you expect to develop other differentiators in the future?
Our feature-rich solution is free, and doesn’t require any contracts or student data. We are also the only platform/app that lets parents add a selfie to any transaction.

What are you working on currently? What should we expect to see from your company in the next 12 months?
We are currently working on bringing more schools and on-boarding parents to use our mobile apps.

How are you changing the face of education?
Schools spend millions on accounting and payment software. Current solutions also are very outdated and do not satisfy millennial parents who are used to “mobile” and “clicks.” We address all of that FREE of charge!

Who do you look to as a role model or mentor for your company?
Clayton Christiansen.

Where do you think the education technology market is going in the next five years, especially in your market segment?
EdFinTech and Market-Network are both new niches and we have to wait and see.

What advice, if any, do you have for someone launching a company in the education technology market?
Don’t do it alone. Other co-founders helped me go through some hard times and boosted my confidence when I needed it.

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Hannah Nyren

Hannah Nyren

Hannah Nyren is the General Manager of EdTech Times. A Texan by birth but a Bostonian at heart, Hannah is an educational writer, AmeriCorps alum, and one-time StartupWeekend EDU (SWEDU) winning team member. She started her career at a Pearson-incubated edtech startup, but has since covered travel, food & culture, and even stonemasonry in addition to education.