John Juma

It's about 10,000, yes.

Absolutely.

Happy to have this discussion today.

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 not yet paid out there, that's what now you refer as outstanding.

So we've automated that process of 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 have an entry rate.

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 an 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 Chappie, who's an accountant that never falls sick, is always on time, and reconciles 100% of outstanding receivables.

Absolutely, for that reconciliation.

So we launched proper April of 2021.

But we were registered in Delaware, US in December of 2020.

So we now formed the team, the co-founding team, myself, Kennedy, who runs product, and James, our CTO.

And for the last one year, we've basically been building a lot of product and a couple of anchor clients that we are watching.

For me and Kennedy, we had an even split.