Gugu Siso
@Gugusiso
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CEO @thumezahq providing data powered credit for the Logistics sector in Africa l AfCFTA Champion🚀
Joined October 2013
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Met a Nigerian founder building a bank last week. Not a neobank, a straight bank. Listening to him during our conversation, I realised this is the kind of audacity I need to be surrounded by.
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I am off to fight to maintain my position as the number one grandchild as well as once again explain to my grandparents what I do for a living 😄
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@ChadMhako
It's truly one of the things I envy Nigerian founders and their ecosystem for nurturing; pure ambition.
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I'm excited to announce that
@Thumezazw
is part of the 5th Class of Google for Startups Accelerator Africa. As the second
#Zimbabwe
-an startup ever chosen we're looking forward to doing
#Bulawayo
proud. Here's to reaching greater heights!
#poweredbythumeza
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Excited to be attending London Tech Week repping
@thumezahq
.
If you're in the area, I'm super keen to meet for a chat re finance, tech and logistics in South Africa as well as other interesting geographical areas and verticals!
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I remember devouring all economic landscape articles on
@techzim
before moving back to Zim permanently and starting
@Thumezazw
. Months later I'm being featured as a guest writer, look at God!
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Excited to announce that your girl finally has a class 2 licence! I am now able to operate heavy cargo vehicles with gleeful abandon. Project
#babeswamatruck
is well underway!🚚
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I greatly enjoyed the conversation! It can be hard to summarise my startup journey and the lessons accrued over the past 10 years but I think we did a good job. Looking forward to the release of the episode🦾
This morning l sat down with two dynamic Zimbabweans playing their role in nation building. Gugulethu Siso
@Gugusiso
is CEO of Thumeza Fintech a startup that provides data powered credit for the logistics sector in Africa. Dr Tapera Chikandiwa is Founder & Owner of Higher
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4 yesrs ago, when I started my journey in logistics by doing deliveries in Byo, I never thought I'd be asked by the
@AfCFTA
to moderate a panel on "Opportunities for youth owned SME's under the AfCFTA". To say I'm excited & humbled by their confidence in me is an understatement!
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I admit I was nervous as hell but excited to moderate a discussion with
@AfCFTA
SG Wamkele Mene & Min of Trade and Industry of Rwanda, Dr Jean Ngabatsinze on issues that affect young active business people on the Continent.
In case you're confused, I'm the one in the yellow😂
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Excited beyond belief! 3rd time lucky with a different business model that still speaks to our core users namely small scale transporters. The sky is the limit!
Congratulations to our Top 10 startups! We hope you are ready to learn, grow and succeed throughout the next intense 3 months . The Telecel Group ASIP Accelerator Program begins on July, 5th 2021.
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Louder for those in the back! Some of us are surviving because our boyfriends like us LOL.
Startup founders are broke in real life, the money and valuations are just on paper.
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A little glimpse into what my average work day as the CEO of
@thumezahq
looks like. As polished as these activities my seem, they all feed into my core job description; making sure we don't run out of money🥲.
#poweredbythumeza
#providingdatapoweredfinancing
#logistics
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An absolute honour to be nominated as one of the Ten Outstanding Young Persons in Zimbabwe🙏🏾🚛
Congratulations to Ten Outstanding Young Persons In Zimbabwe.
@audreysimbiso
,
@SiceloSTEMLADY
@namataik_
,Alistair Mukondiwa, Dorothy Pasipandya
@Gugusiso
@MugagaTakunda
, Juliana Makonise
@TendaiDara
, Tadzi Madzima.
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2 months spent persuading a major corporation to use our quotation management platform and subsequently provide financing for their transporters has FINALLY paid off!
Profile created✅
Ready to work✅
#poweredbythumeza
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Writing a CV as a founder is confusing sometimes. Because how do you articulate all that crap you go through?
2018- Present. CEO at Thumeza. Key metrics; making sure we don't run out of money.
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Always surreal being at the African Union!
Here to discuss "Startup Acts: Developing and Fostering innovation in Africa"
Met an interesting gent proposing alternate African credit models using rural community trust as collateral. I wonder if financiers would consider this?🤨😆
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Your girl was featured in an article in the Feb edition of
@forbesafrica
! I'll continue speaking out in the hopes it makes the next founders experience much better than what I've gone through. Should you want a copy:
Also, you know I'm framing this!🤣
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We've been in the game for 5 years and gone through iterations in search of the elusive product market fit. I believe we've finally found it in helping transporters and their clients with early invoice settlement. This manages our risk, has solid MRR and clients that make sense!
📢 Introducing our new identity and renewed vision to be the go-to financial liquidity partner specializing in early invoice settlement for transporters and businesses that rely on their services in South Africa!🎉
Visit our revamped website today! ➡️
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Met with the superstar team at
@akibadigital
at their cool new offices. Had a great time comparing notes as fintech players within the Finance-as-a-service space whilst we as Thumeza strive to understand the SA market prior to our eventual entrance. Excited? Yes!🚀
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Look who I bumped into in Lusaka
@NomalisoN
!
Also, honoured to have been part of an incredible panel and summit attended by epic Startups such as
@premiercreditzm
& hosted by the Drive Africa team centred around forming and fundraising for startups. Zambia is definitely humming!
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Siyabangena! I've never been more excited to be working on a solution that impacts over 70% of small scale traders active in Africa's 300bn dollar logistics industry. Enthusiasm-apparent, Success-imminent!
#poweredbythumeza
Zimbabwe’s Thumeza plots SADC expansion by providing transporters with access to working capital
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I swear the happiness I feel every time I see a fully loaded 30 tonner is indescribable. Can't wait to purchase my own truck, paint it bring pink and register it as "uBabes wamaTruck" just for control.
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I have a bad habit of getting money and not spending it on myself (heavy firstborn syndrome). So I decided to treat myself to my first ever
@by_BAKARI
jacket! Disclaimer: I'm going to be insufferable for the next couple of days lol
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Incredibly excited to be embarking on this journey and expanding to Zambia to support Cross Border Traders such as Mandy and their transporters. Incredibly grateful to Team Thumeza for working through the holidays to make sure "Thumeza Lite" is a reality!
#powered
by Thumeza 🇿🇲
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My goal this year is getting to 10 Million USD worth of monthly disbursements to clients to cut down the demand for credit within the logistics sector. Audacious AF but highly doable looking at the outstanding client loan book we have.
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Notebook number 2 for the year! I'm a firm believer in taking down notes so that receipts can be produced later on.
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Personally, I'm tired of shouting about this. Y'all know what's up. Either you choose to be part of the solution or not, but let's not pretend to be shocked when such reports come out.
Female single founders and female-only founding teams received less than 1% of the total raised by startups in Africa in 2021. Crumbs, basically...
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New Chapter for Team Thumeza!
ANNOUNCEMENT!
We're excited to announce that we have secured our Credit Provider Certificate from the National Credit Regulator of South Africa! An amazing way to wrap up Q4 2022 and ensure that we start off 2023 with a bang! 🚀
#poweredbythumeza
#finance
#logistics
#fintech
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My first startup at my exit had over 50 employees and counted Woolies,Shoprite,Checkers,Pick'n'Pay as clients. I've avoided speaking about it out of a misguided sense that I'd failed as I chose to make the decision to leave. Anyway, read about my experiences on the link below👇🏾
Celebrating a young woman who became a CEO at 22 co-founndimg 99 Investments. She recently formed a logistics company
@Thumezazw
which was accepted into the Google Accelerator Program.
@Gugusiso
is an inspiration
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Hi gang! I'm going to be part of a panel of superstars in supply chain and finance discussing "Ensuring Competitiveness of Small Scale Truckers through providing access to working capital". The session is this Wednesday at 7 pm on Clubhouse. Room: SBC Afritech! See you there!
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Roadshows are still a surprisingly effective way to get your message across to an extremely targeted demographic. From the session we held on Wed to just today, we've seen a significant jump in traffic both on and off platform which is extremely heartening. Onwards!✊🏾
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I'm so grateful! Early 2021 was so bad I almost called my mum and asked to go back to Namibia to lick my wounds. Then the 2nd half of 2021 opened all the doors and 2022 looks to be amazing! Once again, having runway will make or break you.
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As a Startup Founder 2019 has been a blend of both a shitshow and a testament that audacious tenacity works. My personal mantra for 2020 is "Operationalise It". Let go and trust your team to do their jobs. Growth cant be achieved with you hovering like a helicopter parent
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For the fact that I've been running a logistics startup for the past 1 year with a clientele with various offerings such as flowers and cakes, this is the first time someone has ordered such a delivery on my behalf.
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My desk has arrived! I can finally stop working from the kitchen counter and blurring my image during calls😂. Purchase credit to my best friend who took pity on me❤
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The nerdy gasp I let out when I stumbled across some of the Harry Potter merch stores in London???
This was even better than meeting one of the multi-millionaire individual investors who got wealthy off the Paystack exit and THAT'S saying something💰
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Earlier this year, things were bleak for
@thumezahq
as we couldn't continue ops due to lengthy payment timelines. We adjusted course & now provide access to working capital loans to transporters contracted by giants such as GMB enabling them to move more loads!
#poweredbythumeza
Zimbabwean
#startup
@thumezahq
is helping small-scale transporters access the capital they need to scale and sustain their operations! Find out how the
@GroupTelecel
@ASIProgram
member is faring:
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Excited to be attending a design workshop for "Digital Financial Inclusion for CBT's & communities" hosted by
@UNDPBorderlands
. This works with the
@thumezahq
lite product facilitating the movement and eventually the financing of goods across Africa's borders for border traders!
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Super excited to have Manasse join the
@Thumezazw
team as CTO! Looking forward to bigger and better things!
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Super chuffed to have been recognised by my peers
@jcizim
as one of the Ten Outstanding Young Persons in Zimbabwe (2020) for my work with
@thumezahq
. Gutted that I couldn't accept it in person but still proud to display it in my home.
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The day I paid $10 from the airport to home AT NIGHT is the day I became a devout InDrive user. Bolt would have to be dead cheap to convince me to migrate to them.
.
@boltapp
is now pushing ads for drivers in Zimbabwe, at least from what we have seen on Facebook and Instagram.
Does the country currently have enough passengers to sustain yet another ride-hailing business? -
@mudzingwafari
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Not me scrolling through package holidays worth more than my annual salary saying, "mmmmmm not bad, not bad at all"🤡🥲
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Learning the hard way that business is based on deciding which balls are rubber that can bounce back once dropped, and which are glass that can never be recovered when dropped.
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Honoured to have taken part in the
#EY
Business Accelerator Programme as a Speaker. Being able to share my experience and views on innovation and digitalisation to seasoned SME's in Bulawayo was invaluable
#EY
#EYbusinessaccelerator
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A client just video called from SA, showed me his new premises with the trucks parked outside and warned us to be ready for their escalated demand. Absolutely love it!
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Not everyone should be an entrepreneur. If you can get a steady job, please for the love of God, do so. The anxiety caused by uncertainty and the daily struggle to achieve KPI's may not be worth it.
.we’re canceling each other over entrepreneurship takes today. post your cancellation entrepreneurship take. 🤭
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Soooo, we have some news😊
We're excited to announce our partnership with
@lorisystems
in📍Kenya! As always we're committed to facilitating access to financing to those who power the movement of goods across Africa!
Read all about it below👇🏾
#partnerships
#logistics
#finance
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My little sister got into
@AltSchoolAfrica
's School of Product!🎉✨
Don't mind the poor lighting, poor girl took the test whilst going through load shedding.
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As a supreme like of things, let me also jump on board. How it started vs How it's going
#poweredbythumeza
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It's always a blast to meet up with some of the OG Bulawayo Tech Startups!
Had great and insightful discussions with the founders. Always awesome to catchup with great minds!
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I truly believe that, sure, not all of us are meant to be entrepreneurs but let's be part of a value chain that actually actively, positively contributes to the future that we want as young people.
@techvillagezw
@SaberstianZW
@Busisa74
@tchingonzoh
#TheAfricanYouthDream
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Having to say no to possible investment, because it's not the best fit for you at the time, is even more painful because you're aware of how badly you NEED money.
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Realising that I have pretty robust connections within Dev Finance agencies and some of Africa's premier continental organisations. Utilising them for other peoples benefit aside from Thumeza's seems to be the next step esp for startups who want access to that data.
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Laid my Great Grandma to rest over the weekend. A hero who lived to be a 102, owned her own house in 1956 and lived life on her terms. Lala ngoxolo Sunduza.
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I greatly enjoyed this conversation. May our delusion carry us through to greater heights!
Greetings ❤️🙏🏿.
I hope you had a love, joy and laughter filled weekend. Please find the link to this week’s quality
@ConvoWithTrevor
#icwt24
👇🏿
Gugulethu Siso
@Gugusiso
, Founder and CEO of Thumeza Fintech In Conversation With ... via
@YouTube
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This ought to be fun!
🔉Join us this Thursday at the Techstars Startup week, where our C.E.O
@Gugusiso
will be speaking at a fireside chat about the Thumeza journey and our service offerings.
See below for more details👇
#fintech
#poweredbythumeza
#logisticsfinancing
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Getting to a point where I can see my startup surviving and operating without me. This has got to be hands down the best moment for me this year!
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Yeyi team Bulawayo is on a winning streak! Congratulations Dexter!!!!
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As I continue crying about the USD:ZAR rate, the team is getting bigger and we are hiring for Finance and Sales roles in the Joburg area! Application links below!
Team Thumeza is HIRING for 2x roles in the Johannesburg area. Details below! 🚀
1. Role: Finance Officer
Hours: Part-Time
Link:
2. Role: Sales Officer
Hours: Part Time
Link:
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A friend in logistics just told me they're going back to formal employment because one of their clients rocked up to their office with a gun because of a missed payment.
There are some things that you just come back from.
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Good times with good people. Energised and ready to get back to the grind!
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Decided to treat myself to an Orientals Pie today. I work hard and deserve nice things dammit!
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Ironically, I was the one whinging about sitting in the sun. I urge every young entrepreneur to apply for the next
@YouthConnektZim
. The connections made are more than invaluable! Make sure not to miss the bus!
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Spending the day at
@MobilityAfrica
's Domboshava Centre. They're doing really cool work providing off grid power to stimulate new economic activities in peri urban centres.
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What we're building is like salt in beef stew. Quiet, not as glamourous as beef, but you definitely feel it when it's not there.
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Fight for what you want to achieve in 2024 and let delusion carry you through if need be!
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Also, Thumeza has been shortlisted for *FOUR* awards under the Global Startup Awards-Zimbabwe stage!💃🏾
Please vote for
#teamthumeza
below:
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Must be nice🥹
President Ruto to sign bill that will give tax break to Kenyan startups: The Startup Bill will offer some incentives such as tax breaks and access to credit for startups. William Ruto, Kenya’s President, has confirmed that the Startup Bill 2022, which…
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Super excited to be attending the Africa Tech Female Founder Summit hosted by TLcom Capital! Looking forward to engaging with superstars from Voyc, Kobo360 to name a few
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Small Scale Transporters are hard to crack but once you're in you're in. Need help figuring out how to increase your annual carry without overly increasing your premium, bring in bulk diesel, or what drivers to avoid? Someone has your back. Proud to be in Logistics🙏🏾🚛
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Me confidently adding Dubai to my list of travelled locations even if the only place I saw was the airport.🤭
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We had an amazing experience as
@Thumezazw
being part of
@YouthConnektZim
2019 Cohort. The 2020 call is especially important as they are looking for
#solutionsproviders
that will help not only
#Zimbabwe
but the world battle COVID-19. APPLY APPLY APPLY!
#StayHome
#COVID19
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Allyship and Sisterhood are what will ensure we all get a well-deserved seat at the table. Tune in tomorrow to a panel discussion I'll be attending hosted by
@SheCodeAfrica
on this particular topic!
To women working hard to empower other women and advance social & gender equality in all spheres from grassroots to global level, we appreciate & honour you.
#IWD2021
#GenerationEquality
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I'm at that point of my founder journey where I am playing farming games on my phone as I fantasise about my eventual exit, getting 1 hectare of land and growing soy beans on it lol.
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Started
@VillageLearnZW
's coding classes today and I'm already walking around the office dropping pearls like, "can you run that again?" & "why is a parenthesis missing from this string?" I can already feel my colleagues rolling their eyes kodwa they must know I'm now a coder!🤣
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Okay, this is starting to get worrying. Hug a supply chain founder today!
Twiga, a Kenyan B2B e-commerce food distribution platform, will lay off a third of its 850 permanent employees, citing an increasingly challenging business environment. Twiga's CEO Peter Njonjo told TechCabal that Twiga has been “on a transformative path…
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Yoh, but applying and getting into
@ASIProgram
is one of the best things we've done for
@thumezahq
this year. Aside from cash, what B2B startups need the most are connections and they have that in abundance!
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I'm excited about this! Mr M received a new contract but payment was after POD. He reached out for help and by the time he got off the call, his card had been loaded and his trucks were en-route to load his client's goods. Being swiftly useful is why we exist! 💃🏾
#poweredbythumeza
Did you know that with Thumeza, you can instantly access heavily discounted services from providers such as Puma Energy to help move those valuable yet late paying loads?
Let's have a chat about it on WhatsApp: 😁
#poweredbythumeza
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I have literally never worked so hard in my life for immediately visible results.
Project Manager✅
Product Manager✅
PR Officer✅
Logistics Manager✅
Team Happiness Manager✅
Team
@thumezahq
to the world!
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Addressing gender disparity is something that I am passionate about. I'll admit I've exhibited some of the issues raised in this report & learned to power through them but this took work and a near egocentric turn in attitude to get me through it. Read all about it
@briterbridges
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