What Oze does

Oze, Inc. is a Ghanaian-headquartered fintech that operates a mobile-first platform serving two distinct customer sets. On the consumer side, the Oze Business App provides small and micro business owners across Africa with digital bookkeeping, invoicing, inventory management, sales analytics, and an integrated e-commerce storefront (Oze Shop); on top of this app, Oze facilitates no-collateral loans (interest rates as low as 3%) through a network of partner financial institutions including Ecobank, Solis, Kasdaf, SunTrust Bank, and Adehyeman Savings and Loans, currently live in Ghana, Nigeria, and Benin. As of the most recent data, the platform has over 150,000 registered businesses and has facilitated approximately $2 million in loans, with the company framing its mission around closing the estimated $331 billion small-business credit gap in Africa.

Underlying the consumer app is a B2B infrastructure layer — Oze LMS (Lending Management System), Oze Originate, and Oze Embed — sold to banks, microfinance institutions, fintechs, and corporates. These products package Oze's machine-learning credit scoring algorithm (which produces alternative credit scores from business performance data without requiring collateral or formal audits) and embedded lending rails into a white-label or API-deployable form, with claimed outcomes of up to 84% NPL reduction in simulated environments. Revenue is generated through a freemium subscription model for SMEs (with paid tiers unlocking advanced features), a flat 2.5% transaction fee on Oze Shop sales, revenue-sharing arrangements with lending partners, and enterprise service contracts. The company is incorporated in Massachusetts, USA, operates offices in Accra, Lagos, Kigali, and Antananarivo, and employs 11–50 people.

Oze has raised approximately $4.45 million in disclosed equity and prize funding since founding in 2018, including a $3 million pre-Series A led by Speedinvest in January 2022, with subsequent participation in the Visa Accelerator (2023 and 2024), the Milken-Motsepe Innovation Prize Program (2024), and selection to the Norrsken Impact 100 (2025). The founders, Meghan McCormick (CEO) and Dave Emnett (COO), lead an organization pursuing an explicit vision of building 100 million profitable businesses across Africa.

Name

Oze

Legal name

Oze, Inc.

Website

https://getoze.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Oze is a Ghanaian-headquartered fintech that provides a mobile-first business management app and no-collateral loan marketplace for African MSMEs, alongside AI-powered lending management and embedded finance infrastructure sold to banks, MFIs, fintechs, and corporates across Ghana, Nigeria, Benin, Rwanda, and Madagascar.

Ownership category

akta.pro rank

Product category

Small Business Fintech Platform

NAICS

Software Publishers (5132)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL), SME Accounting, Bookkeeping & Close Automation (FSAGAJAH), Treasury, Cash Management & Liquidity (SME) (FSAGAJAG)

Keywords

• SME lending platform
• Business management software
• Alternative credit scoring
• Embedded finance APIs
• Mobile fintech

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SME Subscription Revenue: Small businesses pay subscription fees for access to the Oze Business App premium features. The platform uses a freemium model with free basic access and paid premium tiers. Billing is automatic monthly, quarterly, semi-annual, or annual based on the user's selected plan.
2. Oze Shop Transaction Fees: Oze charges a flat 2.5% fee on sales processed through the Oze Shop e-commerce platform. Fees are deducted from product price during settlement (T+1).
3. LMS Revenue Sharing: Oze LMS operates on a revenue-sharing model where Oze earns when the lending partner makes money. No upfront integration fees; Oze succeeds when lenders succeed.
4. Loan Facilitation: Oze facilitates loans between SMEs and financial institution partners. Revenue may come from facilitation fees or referral arrangements with loan partners (Ecobank, Solis, Kasdaf, Suntrust, etc.).
5. Enterprise Solutions: Custom solutions and services for banks, MFIs, fintechs, and corporates including custom lending management implementations, white-label arrangements, and embedded lending integrations.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels14 records

Core offering

Oze provides a mobile-first business management app for African micro, small, and medium enterprises (MSMEs) covering bookkeeping, invoicing, inventory tracking, online selling via Oze Shop, and AI-driven analytics. It complements this with no-collateral SME loans facilitated through partner banks and microfinance institutions (interest rates as low as 3%), and an enterprise lending management platform (Oze LMS / Oze Originate) plus embedded lending infrastructure (Oze Embed) that enables banks, MFIs, fintechs, and corporates to underwrite and serve SME borrowers using alternative credit scoring.

Differentiator

Problem solved

Functional benefit

Brands

• Oze Business App: Mobile-first recordkeeping, invoicing, and e-commerce tools for MSMEs in Africa
• Oze Originate
• Oze Embed
• Oze LMS
• Oze Shop

Products and services

• Oze Business App Mobile-first recordkeeping, bookkeeping, invoicing, inventory management, sales analytics, and e-commerce platform for African micro, small, and medium enterprises, with an integrated AI Coach for business recommendations. Available on Google Play and the Apple App Store under a freemium model with paid subscription tiers.
• Oze Shop End-to-end e-commerce platform that lets small businesses create custom online shops, list products, manage delivery, automate stock-out handling, view shop analytics, and chat with customers. Oze charges a flat 2.5% fee on sales with T+1 settlement.
• SME Loans No-collateral small business loans facilitated through Oze's network of partner lenders in Ghana, Nigeria, and Benin, with interest rates as low as 3% for qualified periods. Includes working-capital and inventory-financing options, with no hidden fees.
• Inventory Financing "Stock now, pay later" financing that lets small businesses purchase inventory to meet customer demand without collateral or hidden fees, originated through Oze's partner lenders.
• Oze Originate (Lending Management System) AI-powered lending management platform for banks, microfinance institutions, telcos, and corporates that automates loan origination, underwriting, disbursement, collections, and portfolio analytics using machine-learning alternative credit scoring. Reported to reduce non-performing loans by up to 84% in simulated environments and offered on a revenue-share model with no upfront integration fees.
• Oze Embed Embedded lending infrastructure that enables payment service providers, B2B marketplaces, and e-commerce sites to offer working-capital loans to their SME users, driving loyalty and gross merchandise value through white-label or API-based integration.

Quantifiable outcome

• 84% reduction in NPLs in simulated environments
• +7 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship.

• UNCDF (United Nations Capital Development Fund)flagshipStrategic or Co-development Partner · 25 July 2025Phase One of 'Leveraging Digital Ecosystems for MSMEs Productivity' program in Ghana. Collaboration focuses on creating enabling digital finance ecosystem for inclusive economic growth, supporting youth and women-led MSMEs with human-centered design approach.
• Adehyeman Savings and Loans LimitedflagshipStrategic or Co-development Partner · 25 July 2025Ghanaian financial institution partnering with Oze under UNCDF's Joint SDG Fund Programme. One of five Financial Service Providers selected for the digital ecosystems project targeting women and youth-led MSMEs.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tala: Tala is a mobile-first digital lender using alternative data to underwrite thin-file borrowers in emerging markets including Africa. Directly comparable to Oze's alternative credit scoring and consumer lending thesis, though focused on consumer credit rather than SME business management.
• Branch International: Branch offers mobile lending and business tools to underbanked customers in Africa and other emerging markets. Compares to Oze on the mobile lending and SME finance angle, with similar target segments in Nigeria, Ghana, Kenya, and other African markets.
• Carbon (formerly Paylater): Carbon is a Nigerian digital lending platform offering consumer and SME credit via mobile app, using alternative credit scoring. Direct peer to Oze in the West African digital lending space with overlapping customer profile of informal entrepreneurs.
• FairMoney: FairMoney provides digital loans and banking services to underbanked customers in Nigeria and other African countries, expanding into SME and merchant lending. Directly comparable as a mobile-first lender with similar West African customer focus and tier-1 backing.
• Lidya: Lidya is an African digital lending platform providing working capital loans to SMEs using alternative credit scoring. Closely comparable to Oze's SME credit thesis and alternative data underwriting approach, focused on Nigerian and other West African markets.
• M-Kopa: M-Kopa provides pay-as-you-go financing for solar and productive asset purchases across East and West Africa using mobile technology and alternative credit data. Comparable to Oze on alternative data underwriting and serving underbanked African customers with credit products.
• TradeDepot: TradeDepot is a B2B distribution platform for African SMEs offering inventory financing and embedded credit to retailers and small businesses. Comparable to Oze's Oze Shop + Inventory Financing offering and its focus on serving informal SME retailers.

Broad incumbents

• Flutterwave: Flutterwave is a major African payments infrastructure provider enabling businesses to send, receive, and process payments across the continent. Broadly comparable as a foundational African fintech platform that could expand into SME lending and business management, much larger and more established than Oze.
• Kuda Bank: Kuda is a Nigerian digital-only bank offering accounts, payments, and increasingly credit products to consumers and small businesses. A broader incumbent with overlapping African SME target customers and growing credit products that could compete with Oze on both consumer app and lender sides.

Emerging players

• Mono: Mono is a Nigerian open-banking infrastructure company providing financial data connectivity to fintechs and lenders. Comparable as enabling infrastructure for African digital lending, with potential overlap on alternative credit data, though focused on API connectivity rather than direct SME lending.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oze
• YouTubeyoutube.com/ozeapp
• Facebookfacebook.com/ozeapp
• LinkedInlinkedin.com/company/ozeapp
• Instagraminstagram.com/ozeapp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds12 records

Investors22 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oze