After a public beta phase, KudiGO, a Ghanaian based fintech start-up in now live. The start-up is also on the verge to close a US$300,000 seed round to expand into other African markets.
The aim is for KudiGO to enable its customers to have verifiable records, business oversight, and easier access to capital.
The start-up provides integrated, mobile-based retail, payments, accounting and analytics engine for the consumer retail industry. It also provides a complete solution for businesses to receive payments, track inventories and build financial models based on past trends.
Kingsley Abrokwah of KudiGO commented that “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.
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This has led us to introduce a machine learning algorithm which does trend prediction, and this also provides this data to our users in a simple SMS with key information on things to do to improve their business,” he said.
According to DisruptAfrica, they currently have over 300 businesses using their solution, resulting in more than 300,000 inventories being uploaded onto its system and over 5,000 orders being 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,” he said.
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