Abacus Simplifying Investing into Africa's financial markets

Abacus - Venture image

Abacus allows investors, locally and in the diaspora, to invest in equities, fixed income, unit trust, real estate and unlisted securities in Kenya. We are looking to cover at least 50% of Africa’s financial markets by 2019. 

We are an e*trade for Africa.

We provide real time data and news, research, analyses and insights, technology driven advisory and community forums with investing leaderboards where you can see, copy or follow other investors’ activity. 

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We plan to execute a proven concept in a growing market.
We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We plan to execute a proven concept in a growing market.

Abacus provides real-time data on equity, debt and derivative securities from the Nairobi Securities Exchange. This data is coupled with highly contextualised news, company reports, analytics tools, and data science tools for algorithm development

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

Joel Macharia has been trading and managing money through his own company in the NSE for over 10 years. Business Daily Top 40 under 40 (2012) Kevin Omwega has over 5 years experience on Wall Street/London. Holds an undergrad degree from Yale, and a MBA from Harvrd


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

The product is currently in the market, with a soft launch in June 2015. We have covered equity markets and will be adding on derivative and debt markets over the next 3 months. Abacus has over 500 users, currently, on a free trial. Billing slated to start mid July

Revenue

We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.
We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.

The primary revenue model is a subscription model (per user per month, and per enterprise per month.) Additional revenue streams include advertising, training on markets, trading and investing, and sponsorship for events.

Team

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