Logo Venture Capital for Africa

Accouteer Smart Cloud Accounting

Millions of entrepreneurs work hard day-in day-out to grow their businesses. But many struggle to realize that growth. Often they still operate in the informal economy, meaning they miss out on a lot of business opportunities. They don’t have the right insights to base their management decision upon. And access to growth capital is limited. All because of the lack of accurate and trustworthy financial accounts.

This is where Accounteer steps in by providing online accounting made for entrepreneurs. Business owners can easily manage their administration themselves without being financial experts. We help businesses professionalize, grow, and automate their administrative processes. Accounteer integrates with other services such as mobile wallets, payment gateways and e-commerce.

Service providers, such as banks and telecom operators who wish to extend their offering can take advantage of our white label offering.

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. We plan to execute a proven concept in a growing market.
We have an elevator pitch. We plan to execute a proven concept in a growing market.

Accounteer provides online accounting to small businesses. We differentiate ourselves by providing a tool made for entrepreneurs so that they can manage the finances of their business themselves. Accounteer integrates with other services such as mobile wallets, is available in 3 languages and we have users in 36 countries.

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.

The founder has 4 years professional experience at Deloitte and has had successful ventures in past. For the development we partnered with Andela. We have a distributed dev team in Kenya and Nigeria. We further have one customer representative based in Morocco.


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 built with open hardware and/or software, so there is no proprietary third-party IP.
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 built with open hardware and/or software, so there is no proprietary third-party IP.

Live since March 2016

Revenue

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

Our current full accounting offer sells at 10 USD per month. We're looking at launching a freemium model. The free plan will included basic sales and purchases with a limited amount of transactions. The purpose of the free plan is mainly marketing as Accounteer branding is present on invoices sent. We have a small return when a business uses online payments on which we earn a small fee.

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates

More info