Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Retailoop is an AI Enterprise Commerce Platform for emerging markets that helps large retailers , chain stores and developers build scalable commerce solutions with amazing tools.

01.01 Describe your startup in more detail

Retailloop is a full stack cloud AI automation platform that helps large retailers and chain stores improve their in-store operations and streamline their distribution processes . we provides a number of features that can help large retailers to track inventory , monitor sales , create an online storefront , payment processing , shipping integration and also enabling them access to financial credits.

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

Retailloop is solving the need for a scalable, secure, and flexible eCommerce and retail platform for businesses and also inefficient supply chain for manufacturers and distributors to streamline their business operations in sub saharan Africa.

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

We are most economical compared to other shortlisted ERP systems We are easily flexible and customizable We are vendor focused We have a strong community

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

Retailloop is targeted at serving large retailers, chain stores, partner brands, manufactures and SMEs.

01.05 When was your company established?

2022-10-06

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

4

01.08 Among the other owners, how many are female?

0

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

Emeka Ehinze is a highly accomplished and experienced professional with a passion for innovation and entrepreneurship. Emeka Ehinze have over 10 years of experience in the technology and venture capital industries, and has held various positions at leading companies such as Andela, Dream VC Fellowship, Nestle Foods, Computer Warehouse Group, Eko Innovation Center, and Africa Angel Academy. Olusola Akinsulere is an experienced backend developer with over 6+ years of experience and a demonstrated history of building backend systems across the logistics industry, supply chain industry and booking industry, Marketing and Advertising, Agri-tech and leading software development teams. Roland Enola is an experienced frontend engineer with 4 years of experience building web applications across e-commerce platform Henry Oriaku is a Product designer with around 5 years of experience designing web apps, mobile apps.

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

https://www.linkedin.com/company/retailloop/?viewAsMember=true , https://retailloop.co/ , https://x.com/retail_loop ,

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Retailloop creates economic opportunities for retailers to run more sustainably and profitably.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Retailloop helps by streamlining tasks like inventory management and sales, Retailloop help food businesses reduce waste and optimize their operations. This can lead to increased access to affordable food for consumers.

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

5

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

Retailloop help food businesses reduce waste and optimize operations, potentially leading to increased access to affordable and nutritious food.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

Retailloop is used by businesses that support educational initiatives.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Empowering Women in Business: Retailloop is a valuable tool for women entrepreneurs in Nigeria. By offering user-friendly features for managing finances, inventory, and sales, Retailloop help women run their businesses more effectively. This lead to increased economic independence and participation in the formal economy for women.

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

Retailloop is a useful tool for businesses that focus on providing clean water or sanitation solutions. By streamlining tasks like inventory management, sales, and finances, Retailloop help these businesses run more efficiently. This help free up resources to expand their reach or improve the services they offer.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Retailloop is a valuable tool for businesses that sell, install, or maintain clean energy products like solar panels, wind turbines, or efficient appliances

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

Improved Efficiency: Retailloop features helps streamline tasks like sales, inventory management, and invoicing. This can free up business owners' time and resources, allowing them to focus on growing their businesses. Increased Sales and Revenue: By streamlining operations and potentially improving customer service, Retailloop can help businesses increase sales and revenue. This growth can lead to: Creation of new jobs Improved wages for employees

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

Manufacturing and Services: Retailloop is a useful tool for businesses in manufacturing or service sectors that contribute to developing infrastructure or innovative products. By streamlining operations, Retailloop can help these businesses be more efficient and potentially invest more in research and development.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

Retailloop is a valuable tool for women running their own businesses. By simplifying business management tasks and potentially increasing profitability, Retailloop helps women entrepreneurs achieve financial independence and participate more fully in the formal economy. This lead to greater economic equality between genders.

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Retailloop is a useful tool for businesses that provide environmentally friendly products or services. Streamlining operations through Retailloop helps free up resources for these businesses to expand their reach or improve their offerings, making sustainable options more accessible in communities.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

By streamlining tasks and potentially improving inventory management, Retailloop help businesses reduce waste in their operations. This include things like minimizing excess packaging or optimizing production processes.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Retailloop is a useful tool for businesses that provide environmentally fri.endly products or services that help mitigate climate change, such as renewable energy solutions or energy-efficient appliances

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

Retailloop is designed for businesses that operate primarily on land. It doesn't have features or functionalities specifically tailored to the challenges faced in protecting and sustaining marine ecosystems.

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

Retailloop potentially help businesses reduce waste in their operations. This include minimizing packaging or optimizing production processes, which can indirectly benefit ecosystems and biodiversity.

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

3

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

A business using Retailloop promotes fair labor practices

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

Empowering Businesses: Retailloop provides a user-friendly business management tools, Retailloop helps businesses of all sizes grow and thrive. This lead to a more robust and dynamic business community in Nigeria, which is a key element of achieving the SDGs. Facilitating Collaboration: Retailloop online features, like invoicing and sales management, help businesses connect with customers and partners more easily. This can foster collaboration between different sectors, which is crucial for achieving many of the SDGs.

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

7 - Strongly Agree

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

7 - Strongly Agree

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

7 - Strongly Agree

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.

7 - Strongly Agree

06.08 Justification for my startup

Our product is unique and innovative in its approach as we leverage Artificial intelligence in our workflows and we are easy to customize ,flexible and adaptable to any business.

06.09 Competitive Analysis

Our competitors are SAP, Odoo and Netsuite and what set us apart is that we offer the following suites: Smart inventory management system Point of sale Payment integration Cloud based Logistics Financial credits for our merchants A single integrated back office Analytics and reporting Actionable data and integrations Storefront Restful APIs Merchandising Accounting Patient medication profile AI powered workflows

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

Retailloop is designed to empower young women (18-25) in Lagos, Nigeria, to succeed in e-commerce and retail businesses.. Retailloop provides young women with an online platform to sell their products directly to consumers, along with training in e-commerce fundamentals, mentorship from established entrepreneurs, and microloans to invest in their businesses. The program is designed with the specific needs of young women in mind, such as offering flexible work schedules and a safe online environment. Retailloop promotes gender equity by leveling the playing field for young women entrepreneurs. The program fosters engagement through an interactive online platform, community events, and success stories