Visa has taken a significant step towards promoting digital innovation in Africa by investing in four promising startups from its inaugural Visa Africa Fintech Accelerator program. This strategic move highlights the company’s commitment to supporting fintech growth and enhancing financial inclusion across the continent.
The Four Innovative Startups
The four startups that have secured Visa’s investment are:
- Oze (Ghana)
Oze is transforming the way small and medium-sized enterprises (SMEs) operate in Africa. By providing digital record-keeping tools and integrated finance products, Oze empowers SMEs to manage their finances efficiently, access affordable capital, and scale their businesses.
Their innovative Loan Management System (LMS) leverages machine learning to improve credit scoring and expand access to credit for MSMEs.
Key figures from Oze:
- 150,000 registered businesses
- $35,000,000+ Transactions recorded
- 97% of businesses are profitable, growing, or both.
- Workpay: Simplifying HR and Payroll in Africa
In today’s fast-paced business environment, efficient and accurate HR and payroll management is crucial. Workpay, a leading cloud-based HR and payroll platform, is designed to streamline these processes for businesses across Africa.
Why Choose Workpay?
Workpay offers a comprehensive solution that covers the entire employee lifecycle, from onboarding to offboarding. Key features include:
- Automated Time and Attendance:
- Improve employee focus and productivity.
- Gain valuable insights into workforce utilization.
- 100% Statutory Compliance:
- Ensure accurate payroll calculations.
- Mitigate the risk of penalties and legal issues.
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- Secure and Instant Payroll Disbursements:
- Pay employees on time, every time.
- Utilize secure payment channels for peace of mind.
Benefits of Using Workpay
- Enhanced Efficiency: Automate routine HR tasks to save time and reduce errors.
- Improved Accuracy: Ensure precise payroll calculations and compliance with local regulations.
- Increased Productivity: Empower your team with the tools they need to be productive.
- Data-Driven Insights: Gain valuable insights into your workforce through comprehensive analytics.
- Scalability: Adapt to your business’s growth with a flexible and scalable solution.
3. OkHi: A Smart Solution
OkHi, a cutting-edge smart addressing system, is changing the way addresses are verified and used in Nigeria. By leveraging mobile technology, OkHi provides a simple and efficient solution to the complex problem of addressing.
How OkHi Works
- Integrate OkHi: Businesses can easily integrate OkHi’s mobile SDK into their applications, whether it’s Android, iOS, Flutter, or React Native.
- Verify Addresses: Once integrated, OkHi allows businesses to collect and verify addresses directly within their mobile apps. This is done by utilising data from the customer’s smartphone, such as GPS location and network information.
- Review Performance: Businesses can monitor the status of address verifications through OkHi’s user-friendly dashboard, gaining full transparency into the process.
- Proof of Address: For enhanced security and verification, OkHi offers a KYC package that allows businesses to view and download individual digital proof of address certificates.
- Re-Verification: Businesses can periodically re-verify addresses to ensure accuracy and up-to-date information.
The Benefits of OkHi
- Improved Delivery Efficiency: Accurate addresses lead to faster and more reliable deliveries, reducing costs and improving customer satisfaction.
- Enhanced Financial Inclusion: By enabling precise address verification, OkHi facilitates access to financial services, empowering individuals and businesses.
- Simplified Business Operations: OkHi streamlines operations by automating address verification, saving time and resources.
- Data-Driven Insights: OkHi’s data-driven approach provides valuable insights into customer demographics and behaviour, helping businesses make informed decisions.
- ORDA: Empowering Restaurants with Digital Solutions
In today’s fast-paced digital age, restaurants are constantly seeking innovative ways to optimise their operations, enhance customer experiences, and drive growth.
ORDA, a leading cloud-based restaurant software company, is at the forefront of this digital transformation, providing a comprehensive suite of tools to empower businesses across Nigeria, Kenya, and South Africa.
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A Unified Platform for Seamless Operations
ORDA’s all-in-one platform offers a range of features designed to streamline various aspects of restaurant management:
- Point of Sale (POS): Efficiently manage dine-in orders, even in areas with limited internet connectivity.
- Omnichannel Ordering: Seamlessly accept orders from multiple platforms, including popular delivery apps and WhatsApp.
- Microsites: Create and customise branded websites in minutes to attract online customers.
- Mobile Apps: Build your own branded mobile apps to enhance customer engagement and loyalty.
- Inventory Management: Optimise stock levels, reduce food waste, and improve purchasing decisions.
- Financial Services: Access flexible financing options to fuel business growth.
- Business Analytics: Gain valuable insights into your restaurant’s performance with real-time analytics.
The ORDA Advantage
ORDA’s solutions are tailored to the specific needs of African restaurants. By leveraging advanced technology and a deep understanding of the local market, ORDA empowers businesses to:
- Increase Efficiency: Streamline operations and reduce manual tasks.
- Enhance Customer Experience: Provide seamless and personalised service.
- Boost Revenue: Attract new customers and increase average order value.
- Make Informed Decisions: Utilize data-driven insights to optimise strategies.
As these startups continue to grow and scale, they have the potential to transform various industries and improve the lives of millions of Africans.