Qinash is Ethiopia based online marketplace that connects consumers to discounts and offers from local suppliers. The startup is for-profit with a business model of B2B2C. We have been going through various business model and platform development processes and we launched our MVP a couple of months ago. We are serving our first customers with our beta while working on the Product Release Version of our platform by customizing according to the reflections from our customers. Even-though we came up with a unique blended eCommerce approach, we are obtaining very positive feedback from our early adopters. Ethiopia has had 17.8 internet users million in 2018, 21.8 million in 2019 and 800,000 SMEs across the country. Mobile Payment Industry shows growth CAGR of 18.7% in 2019. The retail shopping through mobile in Ethiopia is expected to record a CAGR of 22.7% to reach US$3,166.3 million by 2025. We are playing in a fast-growing niche of a fast-growing market and that is enough to succeed.
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