John Juma
๐ค SpeakerAppearances Over Time
Podcast Appearances
James, who joined us later, got a small stake and most of that remaining equity, some of it went to our preceding investor, Antler, a global VC company.
And then thereafter, we raised a million dollars round where we embodied investors from New York and a couple of other interesting angels.
Yeah, before we raised, the 20% was owned by Antler.
We raised our pre-seed round March of last year, March of 2021, $100,000 after graduating from Antler's generator program, where we spent about 20 weeks with Kennedy, just ideating.
And the mantra there was fall in love with the problem.
And that's what we spent 20 weeks identifying.
What's this major pain that businesses go through while they're managing their finance operations?
So that's after the program, Antler now invested after seeing the size of the problem and how we were addressing it.
Considering the fact that myself and Kennedy have worked in banks, understand clearly what customers are looking out for, how they're suffering from this problem around receivables.
So the second round was, we started off late last year.
We went out looking for a million dollars.
basically to strengthen products, because it's quite a lot of integration work that we need to build into ERPs or stroke accounting systems and spend a lot of time also connecting to banks because that's the other data source.
We need to compare bank payments and ERP invoices.
So we finalized around about a month ago, and this article was also highly
posted into like TechCrunch and a couple of other payments.com.
Precisely.
That was about 14%-ish.
We have about five customers already.
Okay.
Thereabouts, but it depends because we have varying products within our portfolio sets.