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Nikkle

Namibia
Market: Education, training, Services, Financial services
Stage of the project: Operating business

Date of last change: 22.03.2023
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Idea

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.

Current Status

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

Market

Customer:

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.

Competitors

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

Business model

B2B Saas Subscription
and
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.

Incubation/Acceleration programs accomplishment

gsd venture studios
Startup-wise guys

Won the competition and other awards

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.

Invention/Patent

We have an IP for our software
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video
Presentation