About Oze
Oze is a company based in Accra (Ghana) founded in 2016 by Dave Emnett and Meghan McCormick.. Oze has raised $3.7 million across 6 funding rounds from investors including Visa, Speedinvest and Meltwater. Oze offers products and services including Business App, SME Loans, and Lending Management. Oze operates in a competitive market with competitors including Built, The Accountancy Cloud, Reach Accountant, Easy Accountax and FourQ, among others.
- Headquarter Accra, Ghana
- Founders Dave Emnett, Meghan McCormick
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.7 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Visa
& 11 more
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Employee Count
Employee Count
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Products & Services of Oze
Oze offers a comprehensive portfolio of products and services, including Business App, SME Loans, and Lending Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for bookkeeping, invoicing, and inventory tracking.
No-collateral loans for business growth and working capital.
System for digital loan applications and portfolio analytics.
Unlock access to complete
Funding Insights of Oze
Oze has successfully raised a total of $3.7M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(24 Jul 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - Oze | Valuation |
investors |
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| Nov, 2024 | Amount | Seed - Oze | Valuation | Visa |
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| Jan, 2022 | Amount | Seed - Oze | Valuation | Speedinvest |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oze
Oze has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Speedinvest and Meltwater. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location | |
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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oze
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oze
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oze Comparisons
Competitors of Oze
Oze operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Built, The Accountancy Cloud, Reach Accountant, Easy Accountax and FourQ, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS platform for accounting, invoicing, and finance management is provided.
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| domain | founded_year | HQ Location |
Cloud-based accounting and taxation solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Accounting Software for SMBs
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| domain | founded_year | HQ Location |
Cloud-based software for invoicing, financial reports, and GST compliance.
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| domain | founded_year | HQ Location |
Accounting and invoice management automation is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oze
Frequently Asked Questions about Oze
When was Oze founded?
Oze was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Oze located?
Oze is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Who is the current CEO of Oze?
Meghan McCormick is the current CEO of Oze. They have also founded this company.
Is Oze a funded company?
Oze is a funded company, having raised a total of $3.7M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jul 24, 2018.
What does Oze do?
Oze was founded in 2016 in Accra, Ghana, as a fintech platform focused on small loans and digital payments. Sales and expenses are tracked by users, while digital receipts and invoices are sent, and payment reminders are issued to customers. Access to a business dashboard is provided for overall management. Operations serve small businesses in the region.
Who are the top competitors of Oze?
Oze's top competitors include Built, Easy Accountax and The Accountancy Cloud.
What products or services does Oze offer?
Oze offers Business App, SME Loans, and Lending Management.
Who are Oze's investors?
Oze has 12 investors. Key investors include Visa, Speedinvest, Meltwater, BFA Global, and DEG.