COMPANY NAME: TERAKI APP
FOUNDER: NAHOM TSEGAYE
INSPIRATION TO START THE BUSINESS:
The scarcity of Ethiopian audiobooks and podcasts and the unavailability of a free platform for creators to house audio content.
BACKGROUND OF FOUNDER:
Education
BSC – Computer Engineering
BA – Business Management
Work Experience
Chief Executive Officer
Teraki – All Rights Technologies · Jul 2020 – Present ·
Co-Founder
Shirshir Tours Sep 2020 – Sep 2021 ·
Chief Operating Officer
Welel Ethiopia Jun 2017 – Jun 2021
DESCRIPTION OF BUSINESS ACTIVITIES:
– Years in Operation: 1 year
– Number of Staff: 2-10
KEY CHALLENGES:
- Lack of an Ethiopian Payment System
- Access to Finance
SOCIAL IMPACT:
- Our business promotes digital Inclusivity in multiple communities.
FUTURE EXPANSION PLANS:
- Expansion to neighboring East African Market
FUNDING REQUEST:
–Amount of Financing Needed (USD)
– Exceeds 50K USD