Exzie (EXZ) – How Financial Technologies Can Bring About Ease Of Doing Business

Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. 

According to Wikipedia, A nation's ranking on the Ease of doing business index is based on the average of 10 subindices:

1.     Starting a business – Procedures, time, cost, and minimum capital to open a new business

2.     Dealing with construction permits – Procedures, time, and cost to build a warehouse

3.     Getting electricity – procedures, time, and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse

4.     Registering property – Procedures, time, and cost to register commercial real estate

5.     Getting credit – Strength of legal rights index, depth of credit information index

6.     Protecting investors – Indices on the extent of disclosure, extent of director liability, and ease of shareholder suits

7.     Paying taxes – Number of taxes paid, hours per year spent preparing tax returns, and total tax payable as share of gross profit

8.     Trading across borders – Number of documents, cost, and time necessary to export and import

9.     Enforcing contracts – Procedures, time, and cost to enforce a debt contract

10.  Resolving insolvency – The time, cost, and recovery rate (%) under bankruptcy proceeding

Exzie is using latest financial technologies such as Blockchain, Artificial Intelligence, Cloud Computing and Big Data to bring about ease of doing business in developing countries, most especially Africa, Middle East and Latin America. As seen on the app when downloaded, users can either be ‘Guest Users’ and ‘Manager Users’. Although the team intends to charge periodic fees in its own cryptocurrency for ‘Manager Users’, the platform is currently fee for all users. ‘Guest Users’ can view information of registered businesses on the app and via the website, while ‘Manager Users’ can list unlimited businesses, send business emails and save office documents in the cloud.

According Dipo Adagbada, the founder, ‘When we take a look at previous technological advancements in almost all fields, we realise developing countries are usually late adopters. The reason is largely due to the fact that, most of these technologies are usually expensive in their first years of release, and the government of many developing countries are more often than not unconcerned and/or stereotype when it comes to technological advancements. What we are doing with Exzie (EXZ) is that we are bringing latest Fintechs to the fingertips of business owners in these parts of the world. We are leveraging on the fact that more people are now using mobile devices, and we are already delivering our services through this medium, in the most simple and straightforward way.’

to watch us on youtube referral link 

https://www.youtube.com/watch?v=XIRQvxCosV8