Onekiosk Revenue and Competitors

One Kiosk Africa leveraging Geo-location connects local stores (mostly informal retailers) to online customers to achieve a 59 minutes delivery cycle with a hybrid model. Problem: There exists a gap between the regular retail brick and mortar stores and online users who love to enjoy the convenience of getting their goods from the comfort of their homes while placing orders from their mobile phones. The informal retail space equally struggles to access the untapped potential of the growing online market in Africa. Currently, customers have to go and queue to get their regular daily needs from the brick and mortar stores while if they decide to embrace the existing e-commerce models, they get delivery between a 24 to 72 hours delivery cycle due to non non-existence of Geo-mapping of customers to the closest stores around their location. Solution: One Kiosk Africa leverages Geo-location technology and machine learning to provide access to market and finance for local stores (95% informal retailers) by connecting local stores to online users based on location. We equally provide the retailers (stores) with sales data which enables them to get access to credit lines from partner financial institutions for expansion and growth. One Kiosk Africa is available on the Web and Mobile and as such our users can easily access stores around their location while being assured of a delivery cycle of 59 minutes which we currently do an average of 30 minutes upon completion of order unlike other inefficient models that do as high as 72 hours delivery cycle. Traction: Launch date: March 2020 One Kiosk Africa has 4,000 paying customers and $45K in ARR growing 11% MoM judging from our pilot which started out in July 2019 . We currently place host to over 14,000 merchants across Lagos Nigeria. Market: Sector: ecommerce software The global ecommerce industry is worth over $300B globally with the immediate market (Africa) estimated to grow to over $75B in the next 3 years.