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//How Ghana’s OZÉ uses data to help small businesses access finance

How Ghana’s OZÉ uses data to help small businesses access finance

By | 2019-04-23T15:34:45+00:00 April 23rd, 2019|News|

Disrupt Africa –
Founded in 2017, OZÉ is a mobile app that helps small businesses record their sales, expenses, payables, and receivables. The platform then aggregates that data to provide context specific recommendations and reports.

“While the user is building up their habit of record keeping, we are using machine learning to predict their credit risk,” co-founder and chief executive officer (CEO) Meghan McCormick told Disrupt Africa.

The second side of the platform is a portal for financial institutions to source and support a portfolio of small business loans from the startup’s population of users. So essentially the platform equips small business owners to make data-driven decisions to improve their performance and connects them to capital to accelerate their growth.

McCormick and co-founder Dave Emnett previously launched Guinea’s first business accelerator, Dare to Innovate, and it was in this role that the pair realised the need for a platform like OZÉ.

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