Bids Kenya (Mzadizi Online) Transparent Token Based Online Auctions

Cover image of Bids Kenya (Mzadizi Online), Banking venture on VC4A

BidsKenya is first of its kind token based online auction platform that makes it possible for Kenyans to participate in the auction process and have access to cheap assets sold through auction. The tokens are less than $2 and makes it very affordable for a lot of Kenyans who previously did not have access to be participate. The platform also allows vendors which are mostly financial institution be able to track and have full transparency in the auctioning of assets in the debt recovery process and in exchange for giving them a platform and market we charge a 2% commission on successful sale through our platform. The business model and platform in it itself is very revolutionary given most Kenyan companies and customers still rely on traditional auction process which is slow, very expensive and very opaque in nature. BidsKenya offers a great solution for both customers looking for cheap alternatives to acquiring assets, mostly property and vehicles while offering financial a better and

Sectors Banking, E-commerce
Location Nairobi, Kenya
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