Oze provides a business application suite for SMEs featuring bookkeeping, invoicing, inventory management, and an online shop. The platform also offers financial services, connecting small businesses with no-collateral loans. Additionally, Oze supplies lending management software to banks and fintechs to facilitate profitable SME lending with reduced non-performing loans.
Funding
$3.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VAFounders
Product
Problem
Small and medium enterprises (SMEs) in Africa often lack access to affordable and user-friendly digital tools for managing their finances, leading to inefficient bookkeeping, difficulty tracking inventory, and limited access to capital. Traditional lending institutions are hesitant to provide loans to SMEs due to a lack of reliable financial records and credit history.
Solution
Oze provides a mobile platform that equips African SMEs with tools for digital bookkeeping, invoicing, and inventory management, enabling them to maintain accurate financial records and streamline their operations. The platform also connects SMEs with lenders, facilitating access to no-collateral loans based on the financial data captured within the app. By using Oze, SMEs can improve their creditworthiness and secure funding more easily, while lenders gain access to a pool of pre-vetted, credit-worthy borrowers with transparent financial records. Oze's lending management system allows financial institutions to efficiently disburse and manage loans to SMEs, reducing non-performing loans (NPLs).
Target Audience
The primary target audience includes small and medium-sized business owners in Africa who need affordable and easy-to-use tools for managing their finances and accessing capital, as well as banks and microfinance institutions seeking to efficiently lend to SMEs.
Features
- Mobile app for recording income, expenses, and transactions
- Automated invoice generation and tracking
- Inventory management features for tracking stock levels and sales
- Loan application portal for accessing no-collateral loans
- Integration with lending management systems for efficient loan disbursement and tracking
- Data analytics and reporting to provide insights into business performance
- Secure data storage and encryption to protect financial information