# OZÉ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oze

- Industry: Internet
- Headquarters: Accra, Ghana
- Website: www.getoze.com
- Total disclosed funding: $1.7M
- Latest round: Seed (Jan 13, 2021)
- Investors on record: 6

## About

OZÉ, Inc. is a Ghana-based provider of innovative financial solutions tailored for small and medium-sized enterprises (SMEs) and financial institutions, enhancing operational efficiency through technology-driven products.Founded in 2018 and headquartered in Accra, Ghana, OZÉ, Inc. specializes in offering a comprehensive suite of financial services. The company was founded by Meghan McCormick, who has a background in business development. OZÉ has completed a total of 8 deals and recently raised USD 3.00 mn in a funding round led by Speedinvest, with participation from Cathay Capital and Savannah Fund.OZÉ offers a robust suite of products designed for small and medium-sized enterprises (SMEs) and financial institutions. Key offerings include a business app for bookkeeping, invoicing, inventory management, and online shop creation, aimed at improving operational efficiency. The company also provides no-collateral loans accessible via a mobile application, and a lending management system (LMS) that assists banks and microfinance institutions in offering loans to SMEs while reducing non-performing loans (NPLs). OZÉ’s products cater to clients in Ghana and Nigeria, serving thousands of businesses seeking reliable financial tools.OZÉ generates revenue through various services offered to SMEs and financial institutions. The revenue model includes partnerships with banks and microfinance institutions utilizing OZÉ's LMS to facilitate loans, in addition to subscription fees from SMEs for its business app. The pricing structure of the business app features tiered plans, allowing users to pay for specific features they need, with the app acting as a vital component in facilitating transactions between SMEs and their lending partners.OZÉ is focused on expanding its offerings and market reach. The company has plans for new product launches, although specific details on upcoming releases have not been disclosed. It aims to enter new markets, particularly targeting regions beyond Ghana and Nigeria, with expansion plans set for the next fiscal year. The recent funding of USD 3.00 mn will be utilized to support these initiatives, enhancing product development and facilitating entry into new geographic areas.

## Funding rounds

- Seed, Jan 13, 2021, $0.7M — MEST, Anorak Ventures, Matucana Hydro Plant, Ingressive Capital, Rising Tide Africa
- Seed, Jun 13, 2019, $0.5M — MEST
- Seed, Jul 15, 2018, $0.5M — MEST, Ingressive Capital
- Seed, Apr 1, 2018 — Ground Squirrel Ventures

## Investors

- Ground Squirrel Ventures (https://capitalatlas.ai/funds/ground-squirrel-ventures) — Seed
- MEST (https://capitalatlas.ai/funds/mest) — Seed
- Ingressive Capital (https://capitalatlas.ai/funds/ingressive-capital) — Seed
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Seed
- Matucana Hydro Plant — Seed
- Rising Tide Africa (https://capitalatlas.ai/funds/rising-tide-africa) — Seed