Kenyan fintech startup Asilimia launches electronic ledger app for MSMEs

Kenyan fintech startup Asilimia has introduced a digital ledger app to make it possible for MSME proprietors to handle their transactions in real-time.

Established in 2017, Asilimia aims to empower compact enterprises through an inexpensive, simple-to-use and tailored electronic payments system. 

Its Android application provides business house owners immediate obtain to a payment infrastructure specifically personalized to their wants by using their cell cell phone, eliminating tiresome registration processes and letting them to conveniently send funds at scale, commit cost savings on transaction service fees into insurance policy or business financial loans, acquire insights into their finances, and minimise payment fraud. 

It has now introduced Leja, a electronic ledger app that allows company owners to deal with their transactions in real-time. Utilizing Leja, business owners can make straightforward funds-dependent accounting P&L documents as properly as retain a ledger of exceptional debits and credits whilst requiring zero complex or accounting know-how. 

“We are enthusiastic to introduce this feature into the current market,” reported Tekwane Mwendwa, main govt officer (CEO) and co-founder at Asilimia, mentioned. 

“It has come at an outstanding moment to support our end users formalise and digitise their business enterprise transactions as it will now be effortless for them to track their product sales and expenditures and also observe up on what they are owed by shoppers.” 

The app people will also get to take pleasure in an built-in cell funds infrastructure that permits them to ship and get on the internet payments with decreased transaction charges by up to 90 for every cent, which can be channelled to entry insurance policy and superior value loans. Asilimia’s developing active subscribers have to day recorded transactions with a value of far more than US$17 million.