Kenyan startup Odibooks launches accounting platform for SMEs
Kenyan fintech startup Odibooks has launched an accounting platform that permits SMEs to automate and handle all of their enterprise monetary processes.
Launched in February by Maxwel Odira and Erick Odudo, Odibooks is a web-based accounting platform for SMEs throughout East Africa, serving to companies with issues like citation, order and bill administration, stock administration, and monetary studies.
The Odibooks gives prospects with automated invoices and funds from their prospects utilizing solely their present M-Pesa Until Quantity, M-Pesa Paybill quantity, or their checking account, eradicating the necessity for companies to use for M-Pesa API entry from Safaricom.
“SMEs even have automated payments and bills funds utilizing M-Pesa if their suppliers settle for financial institution funds to banks in Kenya or Paybill numbers or Until numbers,” Odira stated. “Odibooks automates tax administration, and gives able to add Excel tax studies for submitting. SMEs even have an choice to set automated reminders at any time when merchandise stock reaches a sure worth for simpler restocking.”
The self-funded startup is actively seeking to elevate its first spherical of funding to scale its operations., having already onboarded dozens of companies. It at present operates in Kenya with deliberate launches in Rwanda, Uganda, and Tanzania inside a 12 months.