James Munyeria set out to sell honey online and did set up an e-commerce platform for his venture.
He
enrolled several women groups dealing in honey production and for a
while enjoyed considerable traffic on his nascent site. However, sooner
than later he experienced a new hurdle when no one delivered paid orders
while it took long to receive payment for delivered goods.
”I
lost money when I closed my young business but saw a new opportunity in
handling payments and deliveries for local firms,” he says.
He
started toying with the idea of coming up with a platform that will
cure such delays in payments. This delays, he adds, has brought down
many a young business.
He also desired to create a
system that would ensure that payment is only made when goods have been
delivered. He had in mind a system that would ensure that “money paid
for a product is not released to a dealer until a product has been
delivered to a customer.”
While still smarting from the
heavy losses incurred when his first online business shut its doors, Mr
Munyeria started gradually picking up the pieces by handling web
development consultancy jobs.
He painstakingly saved
what he earned from these jobs. It is these savings that he used to once
more establish a new platform known as mzizzi.com. He set up the
platform as a joint venture with his longtime friend Dayvee Ngugi, a
fintech expert specialising in customer relationship management systems.
”I
set up web and mobile phone-based portals for logistic firms as I
clearly understand what they go through. I have added (to the system)
payment solutions from mobile phone-based, card-based and direct bank to
bank transfer-based payments,” he says.
Mr Munyeria and Mr Ngugi also set up a company, Paytree Group Ltd that runs the platform.
The
duo have been doing quite well, and their innovation has started
receiving the attention of experts. The company was declared this year’s
winner in the just concluded Connected ICT Kenya Summit held in Nairobi
last week.
Mzizzi.com emerged as the best
manufacturing sector platform that endeared itself to the judges for its
‘Just-in-Time’ capabilities where manufacturers can link their
warehouses to their distributors’ networks for automated payments and
deliveries.
Mr Ngugi says distributors could send
payments for goods, and schedule deliveries from the manufacturer when
they deplete their stocks. This ensures no cash is held while no debt
remains unpaid for long periods.
”Manufacturers now
prefer instant payments and our platform ensures no goods will be
released to a client before payments are made,” he says.
“We earn a 4.5 per cent commission that includes pickup and charge for onward deliveries to a client.”
Mzizzi.com,
he says, has integrated a pick-and-deliver service to ensure orders
received and paid for are delivered within set timelines with Nairobi
customers receiving day deliveries and upcountry orders see deliveries
made overnight.
The platform also allows traders to
open their own portals where customers can log in to view products on
offer at a client’s shop but payment is made via Paytree Group to
safeguard the interests of the customers and traders.
The
Connected Kenya ICT competition sought entries from competitors with
solutions that fast-track implement of the government’s Big 4 agenda
items of manufacturing, healthcare, housing and food security.
No comments:
Post a Comment