SMEstox

SMEstox
Author
Kamulegeya Grace Bugembe
Release
2020-08-12 14:18:597
Adopters
0
Collaborators
0
Budget
0
Amount Raised
0
Sectors
Mobile Application, Web Application
SMEstox is micro-stock exchange trading portal for Small and Medium-Sized Enterprises (SMEs). SMEs and startups listed on this platform can raise investment capital by selling stake/equity trading in their young companies to angel investors and mature SMEs can raise scaling capital by listing available stake. A study by Makerere University Business School (MUBS) and sponsored by among others the European Union (EU) in 2004 indicates found that one in every two businesses started in Uganda fails usually within three years. Many early-stage startups and SMEs in Uganda have not hit their business potential due to a shortage of capital. This can be attributed to 1) Limited awareness within the public about the existence of the startups and SMEs 2) There are few known and reliable benchmarks on which potential investors can base their investment decisions to acquire the SMEs. These are the main hindrances to credit sourcing for startups and SMEs because these challenges deny the SMEs and startups the opportunity to raise capital from external sources.
Category:

Project Team

Name Role

Project Features

Feature Name Feature Descritpion
SME Registration User (entrepreneur) register their startup and its corresponding profile and related business information.
Startup and SME valuation Valuate a startups worth using cloud computing algorithms and use and ecosystem datasets.
List SME stocks list startups and SMEs, their profiles and available stake/equity, and base stock prices.
SME/startup self provisioning and KYC SMEs should self-provision and provide the required Know Your Customer (KYC) documents through the portal before they are approved for listing
Stock/Share/Equity trading Investors trade startup/SME stock/shares as well as track share ownership.
Authorise Listing Validate and approve startups before they are listed to raise funds.
Stock Analytics Track and avail stock performance for the listed startups and aggregated performance for the listed businesses
Transaction payment integration Seamlessly integrate with other finance and payment platforms to enable EFT, Mobile Money, VISA and Mastercard payments

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equity and share trading in SMEs