Nikkle is similar to QuickBooks, but it is built for formal and informal businesses in Africa, helping them manage their income and expenses with an easy-to-use tool.
50 to 150 users per week signup
100k in ARR by the end of Q4 2023
Access to 7 major banks apis in South Africa, Zambia, and Tanzania
SME - 1. Zambia - 956,500 SMEs, 2. Tanzania – 3 Million SMEs, 3. South Africa – 2.5 Million SMEs
Empowering: Youth, Women, unskilled and disabled
Problem or Opportunity
65% of small businesses in Sub-Saharan Africa struggle with managing their finances effectively: which can lead to a range of issues, including cash flow problems, difficulty securing loans, and limited growth opportunities.
Lack of financial literacy and access to affordable financial services are major barriers to success for these businesses.
Only 14% of Sub-Saharan African SMEs have access to credit from formal financial institutions.
Solution (product or service)
Nikkle offers a comprehensive platform that allows small businesses to manage their finances in one place, including invoicing, expense tracking, and financial reporting.
Nikkle provides resources and educational materials to help small business owners improve their financial literacy and make more informed financial decisions. Through its partnerships with financial institutions, Nikkle is working to increase access to credit for small businesses in Sub-Saharan Africa.
Empowering the Informal Market Access to credit Financial inclusion Community Support Financial Literacy
Advantages or differentiators
Connecting to local banks Building for the local community
B2B Saas Subscription
Empower women, youth, unskilled and disabled with the ability to bookkeep - we call them Nikkle Ambassadors.
Money will be spent on
Funds will be used to: Complete build for Bank partners (bank integrations) Mobile application AI to automate certain repetitive back-office work, reduce friction in getting paid, and improve forecasts of cash flow – financial advice. Build tribe to empower women, youth, unskilled and disabled – Goals 15 000 user 20 000 USD MRR+Empower: 10 000 women, 5 000 youth, 5000 disabled people The next raise will be Market penetration at 2.5 million USD seed.
Offer for investor
We are will willing to give 10% Equity for this round.
Awards: Youth Connector of the Year 2022 by Africa Startup Ecosystem Builders Summit & Awards, Best Paygate Solution in Namibia 2020 from UNDP and MTC, Most Promising Entrepreneur in Southern Africa 2022 from Africa Arena, Most Creative Business in Namibia 2022 from Gen Namibia, Founder of the Year 2022 in Namibia from Startup Namibia, Fastest Scaling Startup in 2022 in Namibia from Startup Namibia, Best Service Provider in 2022 In Namibia from Startup Namibia, AWS ambassador for start-ups. Won a pitch competition from a slingshot worth 5000 Euro.