The College Situation—an interactive platform that connects students with schools, scholarships and stories—has been acquired by ABiT Network, barely three weeks after it launched for ₦22 million ($60,972).

ABiT Network is a pan-African company that was founded in 2018 and focused on exploiting the opportunities embedded in Blockchain technology in Africa. ABiT Network solutions include the TATCOIN, ABiT Trader, ABiT Crowd and ABiT discount shoppers; it is led by Gaius Chibueze.

Favour Ori, who developed the app, is also the founder of FavCode54—a non-profit on a mission to train, mentor and build the next generation of African software developers. Favour said he started working on the project as a result of how difficult it was for him to secure admission to study in the United States in 2019.

He said, "I was driving home from church one day when the idea hit me. How about you build something to automate the process of studying abroad? A platform that gathers all the schools,  housing, scholarships, and fellowship programmes. That's how College Situation started."

College Situation was uploaded on the Play Store on February 9, 2020 (the iOS version is still in beta) and on February 28, 2020, Favour announced its acquisition. "ABiT Network saw the app upon release and loved it. They invited and sponsored my trip to Duba where we closed the deal," Favour said.