Panacea is an e-library where readers can rent books, learning resources and also connect with people of interest. Launched 1st July, 2017, the platform have drawn readers and authors from Nigeria other countries too.
The platform operates a using sharing technique thereby allowing authors, students, publishers, academics and professionals to tap from one another’s reservoir of knowledge and earn money alongside. For the borrowers, they get to spend less instead of spending so much on obtaining several books of interest while the lenders would also make money while sharing their resources.
The startup’s aim is to help provide users with accessible and affordable books and resources. Also, it provides them with the flexibility to acquire knowledge from the comfort of their homes and offices. The platform. accepts research works, textbooks, novels, short stories, theses and professional texts.
— Elias, Bedwom (@bedbogson) February 19, 2018
The startup has now launched the beta version of its Android app. This will provide an easier interface for users to rent books, search for study mates and create book clubs. Chief Operating Officer (COO) Philip Amiola says,
“Panacea seeks to make learning fun and rewarding by making books more readily accessible to students, researchers and personal development enthusiasts while generating consistent revenue for authors and publishers through a global community of readers. Our books are offered in an encrypted digital format that enhances a great reading experience while preventing piracy and duplication, thus guaranteeing maximum profit for authors and publishers.”
Panacea currently has a total of about 150 user registrations on the platform from five different countries spanning across Africa, North America and South America. The subscription-based platform does offer some free resources, but also requires users to pay to access its other plans which includes; Premium (N 5,000 per Month), Standard (N 2,500 per Month), Basic (N 1,000 per Month) and Flexi (N 200 per resource or per Month).
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!