exousia

We help companies that offer installment payments for their goods and services do it smarter and better. By providing them with means of vetting creditworthiness and payment automation.

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Inspiration

After working in the retail business for years, I realized that due to the low purchasing power of Nigerians, Nigerians can not afford to pay once for some of their basic needs such needs concludes electricity, education, and medical care. And sometimes people will opt for installment payment whenever it is available. But companies that offer installment payments, do it at great risk because currently, we do not have an easy way of vetting creditworthiness and automating payment back from customers.

Sectors like the solar energy sector depend majorly on installment payments to get deals done. Our survey shows that 7 out of 10 deals are done by installment. and 6/10 default payment.

What it does

Our solution is a no-code and technical skill-required solution that helps vet creditworthiness and automate payment.

How we built it.

By leveraging API like Seerbit, Mono, and Indician we are able to vet creditworthiness and automate payments also using materialize for the front end and firebase for the backend code.

Challenges we ran into

Working around the APIs

Accomplishments that we're proud of

When we finally were able to make the solution work and we now have a no-code and technical skill-required solution that helps vet creditworthiness and automate payment.

What's next for exousia

We also reached out to a company in the solar panel sector interested in using our solution.

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