Soukify Integrated Merchant Transformation Initiative (SIMTI)

An Open Ecosystem for Ethiopia's MSMEs

The Heart of the Ecosystem

Everything begins with the local merchant. Our initiative is built to solve their daily challenges and unlock their true potential.

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Ethiopian MSME Merchant

e.g., "Fatuma", a kiosk owner

Challenge: Cash dependency & theft risk.

Challenge: Fragmented digital payments.

Challenge: No access to formal credit.

Step 1: Digitizing the Business

Before payments or loans, we create a digital foundation. The Soukify Platform and Smart Calculator turn everyday sales into reliable, valuable data.

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Customer Sale

A customer purchases goods from the merchant's shop.

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Soukify Smart Calculator

Sale is recorded offline/online, inventory is updated instantly.

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Clean Verifiable Data

Each transaction builds a trusted digital business history.

Layer 1: SOCME

The Payment & Liquidity Layer

SOCME ends payment chaos. It provides one unified wallet to accept payments from any source, while empowering the merchant to earn new revenue by offering cash-in/cash-out (CICO) services to their community.

All payment channels are unified into a single, interoperable merchant wallet.

Layer 2: SMSP

The Growth & Financing Layer

SMSP uses the clean data from the merchant's sales to build a financial identity from scratch. This unlocks access to ethical, data-driven credit to grow their business and digitize their supply chain.

Reliable sales data unlocks access to formal, Sharia-compliant financing.

The Core: A Radically Open API

This is not a closed system. The Soukify platform is built on an Open API, inviting all financial institutions to connect, compete, and innovate, creating a vibrant, competitive market that benefits merchants.

Other Banks

Can offer competing inventory loans and business accounts.

MFIs

Can design specialized micro-credit products for our network.

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Soukify Open API

The Central Gateway

SOCME

SMSP

Fintechs

Can build value-added services like loyalty programs.

Insurers

Can offer micro-insurance products based on real business data.