OZÉ joins the list of African fintech startup companies running multi-tasked financial services. OZÉ pre-Series A fundraising rounded up with a $3m deal to accelerate its fintech business past the West Africa marketplace.
The Ghanaian startup fintech company sells digitised bookkeeping as a service — operating full time in west Africa’s commercial space, including Nigeria and Ghana.
OZÉ debuted in 2018 as a soluble strategy to ease SMEs’ stress of manual bookkeeping. The fintech company sells computerised bookkeeping tools compatible with any operating system. OZÉ offers bookkeeping tools and credit aid as a unified software to SMEs and their customers in sum.
OZÉ’s CEO, Meghan McCormick confirmed the pre-Series A deal bagged three million dollars. Several venture capitalists offered seeds to raise OZÉ’s funds. The likes of Cathay AfricInvest Innovation Fund, Speedinvest, Savannah Capital, etc. — all participated in OZÉ’s pre-Series A round and the previous seed round OZÉ raised in 2021.
Recall that the previous seed round raised $700k — OZÉ’s equity is valued to rival other startup companies selling the same services, including, Sabi Cash, Kippa, and Bumpa. OZÉ brawls with its development despite its mobile app that bolsters its productivity and userbase.
OZÉ currently has more than hundreds of thousands of SMEs based in either Ghana or Africa using its services. “OZÉ have been able to create a platform tailored to the realities of today. But also really pushing towards what’s possible for business owners in Ghana and Nigeria, who has a smartphone in their pocket,” per Meghan’s comment.
OZÉ fintech services are mostly used by SMEs to account for enormous data in line with already processed data such as customer details, expenditure, income, payable, and receivable. OZÉ’s mobile app is built with analytics to ascertain a business performance.
OZÉ’s financial algorithms tweaked in its app help the analytics system to suggest possible business recommendations suitable for the business growth. The Ghanaian startup fintech makes financial forecasts to determine possible credit risks likewise integrating other credit institutions synced in its network for instant loan deals reserved to revive its customers (SMEs) business.