Ozaid: The new playground for online investors - Business Today News
Connect with us

Entrepreneurs

Ozaid: The new playground for online investors

In just a year, the company has transited from visa processing and student placement to a fully fledged fintech enterprise

Published

on

Kevin Mugwe, CEO of Ozaid Company. He has defied odds to achieve his dream of running an online business.

For Kevin Mugwe, the dream for university education was the typical case of being close yet too far. A soft-spoken social developer, Mr Mugwe joined Jomo Kenyatta University of Science and Technology (JKUAT) in 2012, but his aspirations of graduating crumbled midway his course.

“I quit my studies in second year first semester,” says Mr Mugwe. “I could hardly afford a meal. Worse off, fees became a problem then I said to hell with campus life.”

Young Mugwe took the road hardly travelled by his peers, becoming a matatu tout. With the little earnings he enrolled in an online professional course in computer science. “My dream had always been to make the society a better place through innovation and creativity,” he told BT in an interview.

And nothing could stop him from that goal. From a tout to sales person and then sales executive, the journey kept going.

Mr Mugwe’s encounter with technology led to establishment of Ozaid Company – a visa and education consulting company. He created Ozaid, slang for Australia aid, initially to process visas and placements for students seeking to study in Australia.

READ ALSO: DIGITAL PLATFORM THAT OFFERS BARGAINS IN FOREX

In just a year, Ozaid transited from a placement firm to human resource and real estate consulting and eventually to a fully fledged fintech (financial technology) enterprise. Finally, his passion for online business found a home. “We bring together finance and technology to solve financial problems through investment management,” he says.

Ozaid mainly invests in real estate development, binary options (forex in advance), forex and crypto-currency.

Clients have seven packages to choose from depending on your financial muscle. In the lower package, for instance, one can trade with a minimum of Ksh20,000 and a maximum of Ksh50,000 and attract a quarterly interest rate of 13% while in the upper package, an investor can trade with Ksh1 million and above at 24% interest rate.

READ: TEN QUALITIES THAT WILL GET YOUR START-UP FLYING

Once the trading contract ends (usually a period of one year) the investor is given back his initially investment amount unless he/she decides to renew the contact.

“We study the markets and get profiles of the different companies we want to trade with, we then use that information to  invest in the best instruments,” says Ms Jackline Mugo, Ozaid investment adviser.

According to Mr Mugwe, being a disciplined strategist and a keen learner who notes down anything that crosses his mind played a major role in building his business. “It is not the campus you join or the course you take how you navigate the tough corridors of life makes all the difference,” he says.

NEXT: HOW TO WIN FUNDING FROM ANGEL INVESTORS


Cavin Odhiambo is a reporter with Business Today. He has passion in dealing with socio-economic and political matters . You can reach him on [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

NEWS11 hours ago

British pensioner guilty of Kenya ‘holiday ‘ rape charges

The Crown Prosecution Service (CPS) said Keith Morris, 72, befriended the young victims' families over the past 20 years, giving...

Health1 day ago

US surrogacy agency withdraws from ‘perilous’ Kenya

Sensible Surrogacy now recommends new lower-cost programmes in the United States, which it says are completely safe and have the...

NEWS1 day ago

Kenya to reform laws to enhance biodiversity conservation

Tobiko says the ministry of Environment has formulated and reviewed laws and regulations to implement the provisions of the constitution...

Education2 days ago

Endowment Fund for Alliance High School launched

Fund targets to raise at least KSh 5 billion under the endowment funds, between now and 2026, the year the...

NEWS2 days ago

Uganda PM, Wangamati forge closer ties

Drawing from their proximity and shared culture including common language, Governor Wycliffe Wangamati said the two regions are in fact...

NEWS5 days ago

Youth PS Lillian Omollo, NYS chief Ndubai quit

State House Spokesman Manoah Esipisu says President Uhuru Kenyatta accepted the offer by the two officers to step aside for...

NEWS6 days ago

Police issue alert over emerging cult

Directorate of Criminal Investigations says the cult, known as Young Blud Saints, believes that there are three gods namely: true...

NEWS6 days ago

Cyprian Nyakundi released on DPP’s orders

Noordin Haji had also directed that no further criminal charges relating to the application should be registered against the blogger...

Politics6 days ago

I’m not boarding, Miguna tells Sonko

Nairobi County Assembly Speaker Beatrice Elachi had confirmed receiving Sonko's letter but asked him to regularise his Kenyan citizenship, a...

NEWS7 days ago

Patel finally speaks, pledges support for victims

Family says it continues to address immediate humanitarian concerns, providing food and nutrition, clean drinking water, healthcare and basic household...

Advertisement

Trending