Amon Nyesigye has a lot to be grateful for.
In 2015, the Ugandan tech entrepreneur was selected to be one of 1,000 lucky Africans to participate in the inaugural season of the Tony Elumelu Foundation Entrepreneurship Programme.
Thanks to that, the thriving business has made quite a lot of progress in a few months. First, the firm moved to a new office from a shared space to “a better environment in which innovations can be done with ease.” Its’ workforce also expanded to four people even as it continues to recruit in its drive to push revenue higher.
The business also added a bundle of new products including its range of brand new VR headsets Technology for Use. A digital payments systems called Rainbow has also been developed, awaiting a number of approvals.
Nyesigye explains the remarkable drive of the company. “We saw e-commerce is existent but it had no life”, she says. “People know how to market but still payments had to come down to cash and time of movement and as we know in business, time is key . So we have developed a Visa-like payment to solve this situation.”
“We have created Rainbow payment Cards and a plugin for internet sites to integrate, so there is no need for all the many mobile networks. It is fully independent, deposits can be done through current payment systems and all purchases are verified before vendors are paid to avoid fraud.”
For a young company, Amonsoft seems to be making such large strides but is still tirelessly inventing. It’s next bus stop is developing Artificial Intelligence into its products for better customer care. “We owe it all to the Foundation for believing in our dream”, says Nyseigye.