SaaS
Nigeria
verified
NEW
Quality assurance platform for financial data analysis
Asking price
$290K
Revenue
$80,000
Profit
$60,000
Growth
80%
Churn
10%+
Customers
101-250
Description
Over the past 2 years, we have provided businesses with software solutions that enabled them effectively and efficiently manage their operations. We have provided them with Point of sales management, Inventory Management, Accounting, Profit and Loss Report, Business Intelligence, AI etc. We have provided businesses in Manufacturing, Retail, Hospitality, Medicals solutions with our SaaS product called Alphachec.
Price history
- Aug 11, 2024 ↓ $450K
- Aug 12, 2024 ↓ $290K
Tech stack
MySQL, Node.js, Javascript
Business model
1. We currently generate revenue through;
a. We charge a one time fee for deployment and training which can differ based on business. For example we have some gas stations using our solution and we charge as much as 2000 USD for deployment and training and 700 USD for yearly subscription. For restaurants and hotels we charge as much as 1000 USD for setup and deployment and 300 -500 USD for yearly subscription. Though our charges are in the local currency of the Country we operate in.
b. We charge yearly subscription.
2. Our customers include businesses in hospitality, downstream oil and gas sector, i.e selling of gas and PMS, retail outlets, hospitals.
3. 99% of our customers are located in Nigeria and the remaining 1% is in Kenya and Uganda.
4. The average customer is paying 300 USD one time fee for deployment and 250 USD for yearly subscription.
Growth opportunity
1. The changes I would make is being bullish with marketing
2. The key levers to pull is on digital marketing and making the product readily available to all globally. Simplifying onboarding process.
3. If I were given 1m USD, I would be bullish on marketing, simplifying onboarding process and integratIng AI.
Competitors
squareup.com
Microsoft BI
SAP
Highlights
Mobile application
Website
Intellectual property
Customers
Reason for sale
We have hit Product Market Fit with the product and we are looking at doing something new.