Expanded payment processing options enable
course creators to sell more and spend less time on administration
so they can spend more time teaching
Thinkific continues to make significant
investments in building engagement and momentum in the online
education market
VANCOUVER, BC, July 28, 2021 /PRNewswire/ - Thinkific Labs
Inc. ("Thinkific" or the "Company") (TSX: THNC), a leading platform
for creating, marketing, and selling online courses, has initiated
the rollout of Thinkific Payments – an embedded payment processing
service in the Company's online education platform and a powerful
tool to help course creators increase sales.
Thinkific's sustained investment in new features supports the
ongoing success of its course creators, while accelerating the
Company's long-term growth. Building on the initial success of
its beta release in early 2021, Thinkific is now moving to the
calibrated rollout of Thinkific Payments to a broader group of new
customers, while preparing for an anticipated full launch in
North America before the end of
2021.
"Thinkific Payments gives course creators tools that help them
sell more and spend more time teaching and growing their
business," said Greg Smith,
Co-Founder and CEO of Thinkific. "Our purpose is to help course
creators scale their impact on the world. Tools that help them grow
are crucial to supporting their vision for delivering world-class
educational experiences online."
"With Thinkific Payments embedded in the Thinkific
Platform, we can provide more products designed for the
intersection of education and commerce," added Peter Fitzpatrick, VP of Payments at Thinkific.
"As we deliver features to fulfill our vision for the future,
course creators will be able to leverage tools to grow faster,
automate administration, and improve their students' journeys.
Having built on Stripe, course creators can rest easy knowing their
transactions are running on the internet's best financial services
technology."
"After moving my business to Thinkific I reach more students
than ever without having to travel to provide classes," said
Mike Brown, co-founder of Notary
Training & Supplies, Inc. in New York
State and one of the first users of Thinkific Payments. "I
am excited about Thinkific's new embedded payments processing
feature, because the new checkout is faster for students to
complete and all my payments are within Thinkific. I love that new
products are coming out to help me with a primary challenge:
selling more courses."
Today's announcement reinforces the Company's commitment to its
more than 50,000 active course creators and further expands its
product offering, empowering course creators to succeed as they are
engaging audiences across industries and geographies. Thinkific
continues to deliver on its strategic priority of making success
simple for more customers, making it easy for them to make an
impact teaching and scale their businesses.
Thinkific Payments is in private release to new North
American customers. To learn more about Thinkific Payments, please
visit
https://support.thinkific.com/hc/en-us/articles/360062084913.
About Thinkific
Thinkific (TSX:THNC) makes it simple
for entrepreneurs and established businesses of any size to scale
and generate revenue by teaching what they know. Our platform
gives businesses everything they need to build, market, and sell
online courses and other learning products, and to run their
business seamlessly under their own brand, on their own site. In
2020 alone, Thinkific's 50,000 active course creators earned
hundreds of millions of dollars in direct course sales while
teaching tens of millions of students. Thinkific is headquartered
in Vancouver, Canada, with a
distributed and growing team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's plans related to Thinkific
Payments and the anticipated benefits of Thinkific Payments for the
Company's customers. Such statements and information are based on
the current expectations of Thinkific's management, and are based
on assumptions and subject to risks and uncertainties. Although
Thinkific's management believes that the assumptions underlying
these statements and information are reasonable, they may prove to
be incorrect. Except as required by applicable securities laws,
forward–looking statements and information speak only as of the
date on which they are made and Thinkific undertakes no obligation
to publicly update or revise any forward–looking statement or
information, whether as a result of new information, future events
or otherwise.
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SOURCE Thinkific Labs Inc.