After passing the 10,000-user mark, Nigerian start-up, Accounteer is expected to launch office Kenya in 2019.
The start-up which provides online accounting services for small businesses was launched in 2015 by Merijn Campsteyn. It allows users to create invoices, track expenses and register payments, among other things.
The positive impact has made has now reflected in its mark, with Accounteer now recorded more than 10,000 active users in 75 different countries across the world. Its biggest markets include: Nigeria, Kenya, Ghana, Senegal and Ivory Coast, with Campsteyn saying the start-up is preparing the opening of a second office in Nairobi, which is likely to take place in March 2019.
Accounteer generates money from subscriptions and It won US$50,000 at the MEST Africa Challenge in June, and was also accepted onto the Itanna accelerator in Lagos. Accounteer had announced that it has secured funding from Microtraction, to add to previous investment from Ventures Platform and MEST.
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According to Merijn Campsteyn while speaking with Disrupt Africa, “We saw that while Africans are very creative and entrepreneurial many business owners struggle to grow. Access to capital remains difficult. The average SME is overpaying taxes. And many business owners don’t have the right data and insights to properly manage their operations. All these problems can be traced back to the lack of accurate and trustworthy financial accounts,” said Campsteyn.
“It’s a problem that the team at Accounteer decided to solve by offering accounting software that was built with the entrepreneur in mind. The software is easy to use and accessible even to those that don’t have a financial background. It was built specifically for the African market. The application can connect to local banks and digital services offering a level of automation international players can’t.”
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