Harvard Business School Alumni, Karibu Nyaggah who is the founder of Caytree Partners has launched financial sales platform to enable businesses to sell quickly and easily, track debtors, and know when to issue invoices.
The cloud-based tool dubbed Caytree Financial will also provide users with access to loans if they are short on funds enabling them to manage their business transactions with ease. To achieve this, the firm will closely work with financial institutions to help SMEs get financing.
Business people will be able to access the platform through their computer or mobile devices enabling finance staff to send invoices right from the comfort of their office through its powerful invoicing feature. Through the platform, field sales agents can track sales through the available Android mobile app in real-time fitted with and has powerful reporting features that allow them to generate a variety of sales reports and understand who their top customers are and view their best selling products.
The platform has began with three packages, the Start-up Package, the Premium Package and the Enterprise Package. The firm hopes that that the automated invoice reminders will help SMEs collect their hard earned cash with less time and effort.
Karibu Nyaggah, Caytree’s Founder says “Our goal is to help SMEs experience success using our platform. The recent interest rate capping is an opportunityfor both SMEs & financial institutions to take advantage of our platform. We have already initiated some promising discussions with financial institutions to provide working capital financing to our SMEs. Soon, we hope to provide SMEs with the capital they need to grow their business as they continually use Caytree Financial. We are also finding that as financial institutions face a new regulatory environment, our lending platform will provide them access to better lending tools and a new product opportunity.”
Caytree Financial is managed by an experienced team led by Mr. Nyaggah who has previous experience working in consulting at PricewaterhouseCoopers. Mr. Nyaggah also received his MBA from the prestigious Harvard Business School and returned to Kenya where he has worked closely with SMEs in both investment and training capacities.