Sidebrief, a Nigerian startup that helps African enterprises develop across borders by streamlining legals, incorporation, company administration, banking, and regulatory via APIs, has so far assisted over 4,000 African entrepreneurs in launching their businesses or managing compliance.
Sidebrief, which will be launched in late-2021, provides basic digital infrastructure for entrepreneurs to start their businesses from anywhere.
“We simplify the process of starting, managing and scaling a business across borders, with our one-stop solution for business registration, banking and regulatory compliance,” CEO Eunice Olopade said.
“Statistics indicates that African entrepreneurs face several hurdles when it comes to starting a business. Time which would have been spent on accelerating and growing the business is spent on paperwork and bureaucratic processes. Sidebrief provides a simple platform, transparent fees, and quick go-to-market for entrepreneurs to launch their business across any market.”
The response has been very positive, and indeed Sidebrief is already profitable.
“We have over 4,000 entrepreneurs use our platform to launch their business or manage regulatory compliance,” Olopade said.
“We are currently operating primarily in Nigeria, Kenya and South Africa, and have facilitated cross-border expansions in over 17 countries across the continent. In terms of expansion, we are currently registered in a few markets, however, we intend full-scale local operations in a few months from now.”
That procedure will be partly supported by funding secured by the firm over the last few months from Baobab Network and Techstars, after Sidebrief participated in their accelerator programmes. For its product offerings, the firm uses a subscription approach.
“We are rolling out transactional tax APIs in the coming months,” Olopade said.