Naira Manager, designed for Micro, Small and Medium Enterprises, helps you manage your business with ease by providing solutions around business visibility, valuation, book keeping and business modelling while you are on the go.
Do you know that msme sector in Nigeria employed over 60million people and account for 48% of the countries GDP. #business #sme #finance
— Navid consulting (@NavidConsulting) May 18, 2017
The growth of Micro, Small and Medium Enterprises (MSMEs) directly correlates with economic growth and in the level of employment throughout Nigeria. According to the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), MSMEs represent one of, if not the most important sector of our economy. They currently represent 96% of the businesses in Nigeria and contribute 75% to national employment. Of the 17.2 million MSMEs in Nigeria, over 17 million are micro-enterprises.
However, amongst the prevailing challenges of this sector is poor access to Business Development Service (BDS) and financial development. This is where Naira Manager steps in with its easy-to-use solutions for MSMEs.
only 4.2% of 17.2 million MSMEs have been able to access loans or overdrafts from banks due to poor fin records. #LagosMSMEFair pic.twitter.com/jRx7QhWP6e
— Naira Manager™ (@NairaManager) September 2, 2017
What’s the Deal with Naira Manager?
It is a web-based financial solution for MSMEs. Founded on February 15, 2017, it is designed to boost financial inclusion and probity among the millions of MSMEs operating in Nigeria and elsewhere across the globe.
The platform features business planning and management tools such as financial intelligence, business modelling, payment system, forecasting, real time financial analysis, business information, business networking and loan/grant application.
With our cutting edge technology, our goal is to help small businesses succeed by providing intensive support for small business owners to enable them grow into the solution providers. With a solution uniquely tailored to the demand of the customer and our key partners we present a tech-friendly environment for both parties to thrive in.
Naira Manager leverages on the increase of the current percentage of smartphone penetration on in Africa to bring about easy financial management and business valuation to small business owners on the go. Naira Manager believes that Africa is not the next frontier, but that it is the new frontier.
I am excited that several Nigerian startups, as well as many other African startups are doing great things in the Fintech space by leveraging on available technologies to provide solutions for both local and global impact.
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