PROBLEM
The hospitality industry faces challenges in managing cash flow while restocking essential supplies.

SOLUTION
Venda’s stock-now-pay-later model addresses this problem by providing businesses with immediate access to supplies while offering flexible payment options to improve cash flow management.

BUSINESS MODEL
Venda generates revenue through transaction fees per order, product markups and financing charges from businesses utilizing its stock-now-pay-later model. Additionally, Venda will explore additional revenue streams such as subscription services for suppliers using its management platform to manage their warehouse SKU’s.

TRACTION
Venda has successfully secured partnerships with leading suppliers, is showing steady growth in users and has successfully implemented the stock-now-pay-later model.

LONG-TERM GOALS
Venda’s long-term goals include expanding its presence across Africa, diversifying its product offerings to meet the evolving needs of the hospitality industry beyond the continent of Africa and becoming a trusted partner for businesses seeking efficient procurement solutions.

USE OF FUNDS
1. Product Development: Investing in further development of their platform to enhance features, usability, and scalability.
2. Supporting growth: Allocating funds towards expanding their reach into new markets within the hospitality industry.
3. Marketing and Sales: Utilizing funds to increase marketing efforts and sales outreach to acquire more customers and build brand awareness.
4. Team Expansion: Hiring additional talent to support business growth, including software engineers, sales representatives, customer support personnel, and other key roles.