COMPANY NAME: SABI
FOUNDER (S): ABDULAZIZ YESUF, BEKA, BELACHEW, ZELALEM TEKLU
INSPIRATION TO START THE BUSINESS:
We noticed the opportunity to provide affordable tech talent to startups in the U.S and Europe and the amount of underutilized talent in African countries.
BACKGROUND OF FOUNDER:
-Education : B.S.C Software Engineering
-Work Experience: Lead Engineer at Bidout Inc.
-Several years Freelancing for startups in Europe and U.S
DESCRIPTION OF BUSINESS ACTIVITIES:
Years in Operation : 1-2 years
Number of staff : 2-5
KEY CHALLENGES:
-Difficulties in launching Training programs
-Access to finance
SOCIAL IMPACT:
– Creating better work opportunities.
– Improving work quality.
– Diversifying tech workforce.
FUTURE EXPANSION PLANS:
Expanding talent pool to more African countries
PROFIT MARGIN: – 25 – 30%
GROWTH POTENTIAL:
-With most startups and enterprises turning to remote work, we see demand for our developers growing rapidly.
-With the current issues in raising subsequent rounds in the U.S, affordable talent will become in high demand.
RISKS: None come to mind.
ANNUAL TURNOVER: 500,000 – 1 million ETB
PROFIT MARGIN: 20 -30%
FUNDING REQUEST: 100,000 USD