Mozambique - Business creation project

Describe your project or startup in a few words

Hakela is a universal platform that streamlines how merchants create and share invoices. Designed with convenience in mind, it allows payers to settle their bills at their leisure while providing real-time notifications to merchants upon payment.

01.01 Describe your project in more detail

Hakela's standout feature is the automation of invoice reconciliation and payment tracking, offering a seamless and innovative payment experience for all users (personnel and corporate).

01.02 What is the main problem you are trying to solve?

In Mozambique, merchants play a crucial role in the economy by delivering services and products to consumers. However, they encounter difficulties when collecting funds promptly. To address this, they either open multiple banking accounts or utilize physical point-of-sale (POS) machines or e-wallets. The primary challenge lies in reconciling transactions and receiving real-time funds from any issuing financial institution.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

[1] - Invoice Referencing : Hakela's reference generator ensures unambiguous identification of invoices; [2] - Invoice Delivery : Hakela's router provides a unique and most effective way to deliver an invoice to the payer's preference; [3] - Real-time payment confirmation : Hakela automatically sends notifications to the merchant upon payment effectiveness. [4] - Streamline the reconciliation process between merchant's bank statement and daily sales by automating it.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

[1] - Industry : ecommerce, telco, retailers, tolgate, education, entertainment, housing, gift cards, and associations. [2] - Business size : Hakela serves to small, medium and big enterprises; [3] - Location - Mozambique.

01.05 When did you start working on your project?

2024-04-26

01.06 How many other partners are associated with your business venture?

3

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

[1] - Edson Michaque: Our Tech Lead, Michaque is a dedicated Software Engineer with a wealth of experience in the payment landscape. Having contributed to renowned platform providers like Thunes and Tyk, he brings a deep understanding of complex systems. [2] - Muarucha Assane : CEO, Assane is a seasoned banking professional with extensive experience as a Process Engineer and Manager of Transactional Banking Products. He has amassed significant expertise in developing complex, highly profitable technological products. [3] - Fabio White : UX/UI Specialist, Fabio is at his final year of Graduation in Computer Engineering. He brings a unique perspective to Hakela, always insisting that we place customer experience at the heart of the plaform. [4] - Helton Guambe : Frontend Engineer, Helton is at his final year of Graduation in Computer Engineering. [5] - Hidilson Doho : DevOps & Backend Eng, Hidilson is at his final year of Graduation in Computer Engineering. A real word problem solver

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My project contributes to the No poverty goal

1 - Strongly Disagree

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Hakela serves as a reference generator that can be employed to create and top up gift cards for the underprivileged. It enables institutions committed to supporting disadvantaged communities to use the platform to instruct top-ups as well as track the utilization of funds. This feature of Hakela can be instrumental in ensuring food security and supporting the goal of Zero Hunger by facilitating the distribution and monitoring of food aid resources.

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

Hakela significantly contributes to the goal of good health and well-being, specifically for the following reasons: [1] - It allows merchants to free themselves from the manual process of issuing invoices and the long daily hours spent on reconciliations; [2] - It ensures that payers (those billed) have the option to pay their invoices at their utmost convenience, not to mention that Hakela allows them to schedule reminders for pending invoices, avoiding late payment penalties.

02.04.01 My project contributes to the Quality education goal

4

02.04.02 Quality education - Justification

Hakela offers a valuable contribution to achieving quality education by streamlining financial transactions for educational institutions. By utilizing Hakela, schools can effortlessly collect tuition and organize fundraising for events like graduation balls. This system simplifies the payment process for students, eliminating the need for manual proof of payment and fostering a more efficient educational environment. Hakela’s innovative approach not only saves time but also enhances the overall educational experience by allowing students and schools to focus on learning and development rather than administrative tasks.

02.05.01 My project contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

Hakela significantly contributes to the goal of decent work and economic growht, specifically for the following reasons: [1] - It allows merchants to free themselves from the manual process of issuing invoices and the long daily hours spent on reconciliations; [2] - It ensures that payers (those billed) have the option to pay their invoices at their utmost convenience, not to mention that Hakela allows them to schedule reminders for pending invoices, avoiding late payment penalties.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Hakela is an absolute innovation in value exchange. Its a universal platform that fosters opportunity for the government to start collectiong VAT in a real-time, which enable them have liquidity available for their operations including the built of infraestrures.

02.10.01 My project contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Hakela is a mean to enable instituitions go paperless. Invoices and proof of payment are one of the reasons why trees are cut. With Hakela, instituitions participating in a transactions are not required to exchange physical paper.

02.12.01 My project contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

2

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

3

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

3

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

5

05.02 The product/service we envision creating represents an entirely new type of product/service.

6

05.03 The product/service we envision creating could be described as a new technology.

1 - Strongly Disagree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

1 - Strongly Disagree

05.08 Justification

In Mozambique, Hakela stands out among startups like Multi Pay, and on a global scale, it can be likened to Stripe. However, what sets Hakela apart is its unparalleled flexibility. It empowers merchants to receive funds through diverse channels such as Wire Transfer, SIMO Rede, and eWallets. Moreover, it offers payers the freedom to personalize their invoice delivery and set up automated scheduled payments, catering to their individual preferences and needs. This level of customization and variety in payment options positions Hakela as a uniquely versatile platform in the financial transaction space.

05.09 Who are your main potential competitors and what makes you stand out from them?

In Mozambique, Hakela stands out among startups like Multi Pay, and on a global scale, it can be likened to Stripe. However, what sets Hakela apart is its unparalleled flexibility. It empowers merchants to receive funds through diverse channels such as Wire Transfer, SIMO Rede, and eWallets. Moreover, it offers payers the freedom to personalize their invoice delivery and set up automated scheduled payments, catering to their individual preferences and needs. This level of customization and variety in payment options positions Hakela as a uniquely versatile platform in the financial transaction space.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

While not directly related to my own endeavors, my wife has recently established a kindergarten in the local community where we’ve built our home. The kindergarten’s mission is to offer top-quality education to young children, providing a nurturing environment for them to learn and grow while their parents engage in entrepreneurial activities or work to enhance their family’s livelihood.