Venda

Stock now, Pay later, catering to hospitality businesses

Convertible Note   GH E-Commerce Angel
56 days left

$5,000
10% of the goal raised

6
Investors

$50,000
Target

25%
Discount

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Highlights

  • Secured Partnerships with leading suppliers in Ghana
  • Onboarded 50 Restaurants and Hotels
  • Financed $200,000 worth of invoices for Hotels and Restaurants
  • Secured Financing Agreement with Oze
  • Developed MVP

Convertible Note
Financial Instrument

$10
Minimum investment

$3,000,000
Valuation cap

August 12th, 2024
Deadline

Pitch

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.

Overview

Team



Kwame Apenteng
Founder/CEO

With his background in business development, Kwame founded Venda to revolutionize supply chain management for hospitality businesses. His dedication to innovation and customer satisfaction guides Venda’s growth and success.

Documents
Company documents

Pitch deck
Brand guide
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