Nigeria - Startup under 3 years old

Describe your project or startup in a few words

MohBuy is an AI-powered platform transforming car buying & selling in Nigeria, offering seamless connections, secure transactions, theft checks, expert consultations, a car marketplace, and home delivery for buyers, sellers, car companies, & dealers.

01.01 Describe your startup in more detail

MohBuy is an AI-powered digital platform that makes buying and selling cars in Nigeria and Africa simple, safe, and efficient. It connects individual buyers, sellers, car companies, and dealerships on one user-friendly platform. We offer a secure marketplace where users can easily find, list & buy cars. Key features include AI-driven automation and marketing, theft checks to ensure car authenticity, expert consultations for personalized advice, and car sourcing services to help buyers find the right vehicle. Additionally, MohBuy supports seamless digital payments and financing options, making transactions smooth and secure. Our platform also provides convenient home delivery, bringing the purchased car right to the buyer's doorstep. By prioritizing safety, trust, and efficiency, we aims to revolutionize the car buying and selling experience in Africa.

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

The main problem we aims to solve is the difficulty and frustration of buying and selling cars in Nigeria and Africa. Currently, the process is often complicated, unsafe, and unreliable. Car dealers struggle to find a centralized platform for smooth transactions, while buyers, especially those with little experience, worry about purchasing a reliable vehicle. Issues like fraud, lack of trust, and inefficient transactions make the process stressful for all parties involved. We addresses these problems by providing a secure, user-friendly platform that connects buyers, sellers, and dealerships, ensuring a safe, efficient, and trustworthy car buying and selling experience.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

3 major benefits we provided are: 1. Safety and Security: We ensures a secure environment for car transactions with robust theft checks and authentication processes, giving users peace of mind and trust. 2. Convenience: With features like expert consultations and home delivery, MohBuy offers a hassle-free experience, saving time and effort for buyers and sellers. 3. Efficiency: The platform's AI-driven automation streamlines processes, making transactions smoother and more efficient, ultimately enhancing the overall car buying and selling experience.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Our customers are: - Individual car buyers and sellers - Car companies - Car dealerships

01.05 When was your company established?

2022-03-07

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

3

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Owners at Mohbuy Details: 1. Bolaji Muhammed Luqman (Founder | Software Developer | CNSS ICSI UK): Leading the startup, Luqman brings a blend of entrepreneurial vision, software development expertise, and international certification to drive MohBuy's technological innovation. 2. Samuel Innocent Ayokanmi (Co-Founder | Over a decade (10yrs+) experience in Car Dealership): With extensive experience in the car dealership industry spanning over a decade, Samuel's insights and expertise guide MohBuy's strategies, ensuring alignment with market needs and trends. 3. Adam Suleman (Co-Founder | UIUX | Graphics Design): Responsible for the visual identity and user experience of MohBuy, Adam's skills in UI/UX and graphic design enhance the platform's appeal and usability, contributing to its success in the competitive market. 4- Olateju Nafizat (Digital Marketer): Olateju drives MohBuy's online presence and customer engagement through effective digital marketing strategies.

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

https://mohbuy.com

01.11 Which industry best describes your project?

e) Secondary commodities (cars and parts, consumer durables and apparel, retail)

02.01.01 My startup contributes to the No poverty goal

2

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

1 - Strongly Disagree

02.02.02 Zero hunger - Justification for my startup

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

1 - Strongly Disagree

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

3

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification for my startup

Our startup promotes gender equality by providing equal opportunities for both men and women to participate and benefit from our platform. We ensure fair treatment and representation across all levels of our organization, fostering an inclusive environment where everyone's contributions are valued and respected.

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

We contributes to decent work and economic growth by creating job opportunities for software developers, digital marketers, and other professionals involved in the development and operation of the platform. Additionally, by facilitating car transactions, MohBuy stimulates economic activity in the automotive industry, contributing to overall economic growth.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

We promotes industry, innovation, and infrastructure by harnessing technology and innovation to streamline the car buying and selling process. Our digital platform provides a modern and efficient solution for car transactions, while also fostering innovation in the automotive sector by introducing AI-driven features and digital marketing strategies.

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

While our primary focus is not directly on reducing income inequality, MohBuy contributes to reduced inequalities by providing equal access to car buying and selling opportunities for individuals regardless of their socio-economic background. Our platform ensures fairness and transparency in transactions, leveling the playing field and reducing disparities in access to transportation.

02.11.01 My startup contributes to the Sustainable cities and communities goal

2

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

2

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

We actively contribute to partnerships for sustainable development by collaborating with various stakeholders such as government agencies, Insurance companies, car dealerships, car companies and technology partners. Through these partnerships, we leverage collective expertise and resources to drive innovation, promote sustainable practices, and achieve our shared goal of advancing sustainable development in the automotive industry and beyond.

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

3

06.02 The product/service represents an entirely new type of product/service.

5

06.03 The product/service could be described as a new technology.

6

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

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

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

5

06.08 Justification for my startup

We are innovative as it combines various elements to revolutionize the car buying and selling experience in Africa. While there are existing platforms for car transactions, MohBuy stands out by offering AI-driven automation, robust theft checks, expert consultations, and seamless digital payments, all in one user-friendly platform. This holistic approach addresses the unmet need for a secure, efficient, and trustworthy car marketplace, setting MohBuy apart as a pioneer in the automotive industry in Africa.

06.09 Competitive Analysis

Our competitors are: - Cars45 - Autochek - Cars.ng We're making the industry safer for our customers and dealers within our ecosystem by leveraging AI automation, a Theft Checking System, and a listing for stolen vehicle verification, establishing us as a trusted brand ahead of our competitors in the market.

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