Business News of Thursday, 22 January 2015
…From two countries to 34; Kaymu’s two-year journey so far.
January 25 marks the 2 year anniversary of Kaymu, a leading online shopping community. It’s been two years and 34 countries for Kaymu so far, which launched in Nigeria and Pakistan simultaneously and has spread rapidly through Africa, Asia and most recently, in Europe. This year will see Kaymu launching in more countries in Asia and Europe.
Kaymu’s business model and main aim is to empower local SMEs and make shopping accessible to everyone everywhere and in the process, drive the online shift in the countries it’s in. It has achieved many milestones in the last two years but has a lot of ground to cover as a start-up.
These two years has seen Kaymu change the lives of hundreds of thousands of people. Currently, there are over 100k sellers on board and there have been close to 900,000 buyers who have bought products from the Kaymu platforms. Roughly eight thousand transactions take place every day on the platform and there are several payment options including cash on delivery and SafePay, to protect the buyer, so as to ensure that their payment is made only after they receive their goods.
Kaymu is present in three of the most prominent and populous N 11 countries – Nigeria, Pakistan and Bangladesh- and is instrumental in introducing the online shift there. The combined population of all the countries Kaymu is currently in, is 1.134 billion and is focused completely on empowering SMEs in those countries and is, in a way, driving a revolution of sorts there by changing lives as a consequence.
2015 is slated to be a year of even greater growth and progress for Kaymu all over the world, and back home in Ghana; and the focus is on developing the platform even further so as to help even more SMEs bring their businesses online and make shopping accessible to everyone.
Kaymu Ghana is proud to be a part of this ongoing success story and we hope to ensure that the experience of the ordinary Ghanaian will be enriched even as the venture grows older and bigger.