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Following their participation in Test Drive 3, LeFinTech is now under Turbine’s Incubation Program. LeFinTech’s mission is to design and develop experiences that make entrepreneurs’ lives simpler. We had a chat with the founders to know more about themselves and their Test Drive journey.

Meet the Founders

Neha Gunnoo

Driven by passion for digital projects, technologies and entrepreneurship, Neha is a consultant in Brand Content Strategy and Digital Marketing. Skilled in project management as well, she has worked in multinational companies such as AfrAsia, Accenture, and Barclays Mauritius. Neha brings her expertise, specializations and years of experiences in LeFinTech.

Nayar Joolfoo

Nayar is an experienced Linux and Cloud Engineer. Being very passionate about technology, he likes to experiment with various technologies such as Internet of Things (IoT), Automation and Artificial Intelligence (AI) systems. Being the lead developer at LeFinTech, he creates the most innovative software solutions to the common hassles which many businesses have.

What is LeFinTech about?

LeFinTech has been created to help entrepreneurs and small business owners focus more on their core business while leaving finance and admins to robots and chatbots.

We have the fastest and easiest registration process which requires no dedicated application to be installed on your mobile phone or laptop. It starts with a simple ”hello” on our Facebook page and our chatbot will execute your work while you can focus on building up your business idea.

Services that we offer:

LePocketCFO: The first virtual CFO in Mauritius dedicated to SMEs

We have a full blown chatbot application that allows sales orders, quotes, invoices to be sent and filed from a simple chatbot interface.

LePocketCFO does all your bookkeeping activities; from quotations to payment receipts just like any other CFO, anytime and anywhere. It is available on a 24/7 basis, user-friendly and quick! All your processing is done on our secure encrypted servers. Even your most complex tasks can be simplified into 3 simple steps with LePocketCFO. It’s a CFO in your pocket!

Image Source: https://lefintech.ltd/landing/

 

LePocketShop: An E-Commerce Platform via Facebook Messenger

We want to help SMEs to get online faster, in a cost-effective and efficient way, and at the same time participate in the effort of flattening the infection curve.

So, we have come up with a simple solution that enables an e-commerce platform via Facebook Messenger. Each SME can have a chatbot set up on their Facebook Page where customers are to place orders quickly and safely and proceed to payment through a digital gateway. This minimises touchpoints to order food and essential items, while allowing more SMEs to leverage e-commerce, for little to no upfront investment.

It allows small businesses who do not have the required capital for a full-fledged e-commerce solution, to get a ready-made solution almost instantly.

What was your thought process when you saw the AD of Test Drive and how was your experience of participating?

We have been following the Turbine Test Drive since the first edition and realizing how it encourages fresh and pioneering ideas. We were both pleasantly surprised when our business idea was accepted by the Turbine Team.

We had the golden opportunity to network, build relationships with the other Test Drive participants and shared our business ideas with each other.

We cannot stress enough on how the workshops were an eye-opener for us to ponder in every possible direction as new business owners. We even had the chance to learn about the mistakes, failures and successes of the entrepreneurial experts.

But most importantly we had fun. It was late night work, but we made sure pizza was there too!

Do you guys have any advice for someone with a business idea?

We were given this idea by our mentors which we’d like to pass on to our readers now: ”Ideas are worthless. Execution is everything!”

Therefore, we should not just keep our ideas to ourselves but rather go out, speak to people about it, test the market whether it is actually solving a problem or not.

 

LeFinTech is currently offering free trials on both of their services – they can be reached by email on contact@lefintech.ltd

 

Have business ideas or want to discuss about your entrepreneurial projects?

Our business coach is here to help you out.

Get a taste of how Incubation program coaching works.

 

Turbine had the pleasure to host Red Dot ‘s second Innovators meetup on Thursday 31st May 2018, a meetup for innovation seekers.

The innovators meetup

This unconference style event gathers like minded people who seeks innovation and change. Turbine team also took part in this event along 50 more innovation driven people. This event organized and animated by Red Dot started at 6 pm, a full 3 hour event and yet it seemed short. Innovation geeks can discuss for hours; stating issues, brainstorming on what is being done, finding alternatives to better address the issues and commit to take initiatives.

The brainstorm to seek innovation

Min Xuan Lee, the founder and CEO of Red Dot and the animator of this innovators meetup, clearly explained the objective of this meetup. We were to identify pertaining issues we want to talk about and break up into several small groups to brainstorm. Few topics that were covered are: building a dynamic and robust entrepreneurial ecosystem, moving from a middle-income to high-income country, how mobile app visibility actually “works” in Mauritius, how corporations can come together to recycle and reduce waste, among others.

The brainstorming sessions were very dynamic. Everyone shared their knowledge and views, listening and agreeing with others, finding “soul mates”. The more we shared, the more passionate we all grew. After more than 1 hour of intense discussion, we all committed to take some initiative and the session came to end.

The commitment to innovate

We all shared our findings with the rest of the participants, committing to our respective initiatives. It is indeed very interesting to see people coming forward and determined to make changes so as to improve the current situations. We thank Red Dot for this great initiative of bringing people together to promote innovation. Turbine is very proud to partake in such initiatives and commit to keep being an organization working for entrepreneurial innovation.

Red Dot ended the session, committing to another innovators meetup in June! So stay tuned!