KudiGo, a local fintech startup in now live after a public beta phase. The start-up is also on the verge of closing a US$300,000 seed round to expand into other African markets.
This aimed at enabling its customers have verifiable records, business oversight, and also, easier access to capital.
“One of the key learnings over the beta period was the need to simplify the solution with a focus on usability by non-tech savvy users, while at the same time providing them with pertinent data on their business when they need it and in a format they can easily understand.” Kinglsey Abrokwah, KudiGo
He commented further that “This has led us to introduce a machine learning algorithm which does trend prediction, and this also provides data to our users in a simple SMS with key information on things to do to improve their business.”
KudiGo provides a complete solution for businesses to receive payments, track inventories and build financial models based on past trends.
According to DisruptAfrica, there are currently over 300 businesses using their integrated mobile-based retail, payments, accounting and analytics engine in the consumer retail industry – resulting in more than 300,000 inventories being uploaded onto its system with over 5,000 orders processed.
“With our recent strategic partnership with Interswitch Group to facilitate payment processing on KudiGO Storefront, we are on track to scale to Kenya and Rwanda in the first quarter of 2019 while at the same time growing our market share in Ghana and Nigeria significantly over the period,” Mr Abrokwa said.