Nims, is a startup that enables fast, convenient, and secure payments to employees using mobile money.It managed to beat over 40 startups from Asia and parts of Europe that had also pitched at the Istanbul event which went down yesterday. Taking position 2 and 3 respectively was iGrow from Indonesia and Taskulu from Iran
NIMS the Kenyan startup is the winner at #startupistanbul
— Startup Istanbul (@istanbulstartup) October 5, 2015
Founded by Louis Wajeiya and Ian Karega, nims aims at dealing with money fraud which contributes to upto 5 percent of total revenue collected from a typical organization which is an estimate of about 3.7 million US dollars according to the 2014 report by the Association of Certified Fraud Examiners (AFCE)
In addition, it helps reduce fraud while creating transparency and efficiency by connecting both mobile and web technology to give businesses control measures in safeguarding their expenses. nims is an expense management tool that simply helps businesses gets a hold of their expenses.
To use these services, you need to register at nims website by submitting your mail and you’ll be good to go. Instant transfer of your money from the website to your mobile, saving time to go get your cash and safety assurance of your money are just but the few benefits of using nims.
Other benefits include, sending money to your employees conveniently, anytime from anywhere, creating contacts for future reference hence avoiding sending money to the wrong person, your ability to send money to a large group at the same time and last but not least generating detailed reports for analysis and future reference.
Startups Istanbul is an exclusive gathering of the leading startups, internet companies, angel investors and venture capitalists from Europe and Asia attended by more than 100 startups, 200 investors and 1500 attendees every year. Last year’s winner of Startup Istanbul Challenge – connected2.me received an investment from 500 Startups and relocated to Silicon Valley.