John Juma

“So simply, this means reconciliation for outstanding receivables from your debtors. And I'm talking about, imagine you're a business and you keep sending out invoices so that people can pay back for goods and services that you've delivered. Now that's what you call a receivable. Now anytime these receivables are, you know, not yet paid out there, that's what now you refer as outstanding. So we've automated that process over. As soon as you receive payment for that invoice, you're able to instantly allocate that payment and reconcile it against an outstanding invoice.”

“So for us, we've we have an entry fee of $24,000 per annum to just use the service. That's about $2,000 a month. That's basically the cost of an accountant as a basis because we are augmenting the tasks that the accountant spends time doing. So as opposed to doing those manual tasks, they should be spending more time in strategic roles like budgeting, etc, where they will provide more value to the business and just leave the mundane finance operations to Churpy, who's an accountant that never falls sick, is always on time, and, you know, reconciles a 100% of outstanding receivables.”

“We raised our pre seed round March of last year, March 2021, $100,000 after graduating from Antler's generator program, where we spent about twenty weeks with Antler, just ideating. And you know, the mantra there was fall in love with the problem. And that's what we spent twenty weeks identifying. What's this major pain that businesses go through while they are managing their finance operations?”