Fordo - Efficiency for Everyone

Over half population of the world are outside the digital ecosystem, without making them habituated with direct benefits from digital, not possible to make them digital citizens.   

Fordo solution at one end a simplified PoS system for all types of retails and service providers, in addition to usual functionalities that PoS will be able to connect consumers and send digital receipts to their account. Consumers who regularly buying from shops connected to Fordo network, having data to their account without any extra effort, can get cost analysis, and be efficient. Consumers get analysis reports to app or even in SMS those technically behind, thus making more people of all types included in the digital economy.

Fordo at other end has an application allows consumer make & share lists, input Budget & expenses, send orders & payment to nearest PoS and few other digital services to be efficient and productive.  

Over 50% population of the world outside the digital ecosystem are not taking or can’t take benefit from it. Being connected they would have individually been efficient and productive as well as in a whole to the world could add $6.7 trillion to the economy and lift 500 million people out of poverty.  

Some common reasons they are not connected are:

1. Do not have access to the digital system or the system is difficult for them to use. 
2. Most of the digital systems they can access to is not giving them clear and direct benefits.
3. Most digital platforms or services taking benefits from user data without returning any value for their data, which is demotivating many of them.  

Fordo wants to minimize the effort of consumers being connected, generating digital data, and let them be directly benefited from their own data. Help them be efficient, productive, financially connected, and even earn money from their digitized data. Thus it can create a positive impact on 1. No poverty 8. Decent work and economic growth, and 12.Responsible consumption and production.    

Everyone is a consumer, the objective of Fordo is to connect all types of consumers to the digital ecosystem and help the consumers digitize their cost & consumption data easiest way possible. All consumers should get direct benefits from their own generated data either from cost analysis reports or revenue share of data sales, no matter the consumers are iPhone, Android, web, or just feature phone users. 

Easy to Use, Clear Benefit. Connect more People to Digital Economy.

A simplified PoS system will help all types of retails and service providers manage their business better way, in addition, it will connect the consumers so it can send digital receipts to their accounts as well as consumers can place online orders to them. Using blockchain technology would ensure create an immutable agreement between two parties. Regularly buying from shops connected to Fordo network consumers can digitize data to their account without any extra effort. 

Besides Fordo has a powerful mobile app for consumers were they can manage end to end lifecycle of any consumption starting from make & share lists, input Budget & expenses, send orders & payment to nearest PoS and few other digital services to be efficient and productive.  

Everyone is a consumer, Fordo believes all the consumers can improve their quality of life and as well as positively impact on 1. No poverty 8. Decent work and economic growth, and 12. Responsible consumption and production, if they are connected to the digital ecosystem and utilize their own data for improving efficiency and productivity.

The objective of Fordo is to connect all types of consumers to the digital ecosystem with digital identity and help the consumers digitize their cost & consumption data easiest way possible. All consumers should get direct benefits from their own generated data either from cost analysis reports or revenue share of data sales. Fordo wants to ensure flexibility of accessing the digital ecosystem for all types of users no matter the consumers are iPhone, Android, web, or just feature phone users. Even they can get a cost/consumption analysis report in SMS so that technology knowledge doesn't become a barrier and consumers can get the full benefit of his data and for being connected. 

A most effective way of digitizing the consumer is digitizing the common points where the consumers are interacting. So all those retailers and service providers are the prime target of Fordo to digitize. Because of the pandemic retails and businesses are now more positive to adopt technology and be connected. A simplified PoS system by Fordo will help all those retail and service providers manage their business better way than usual, even they will be able to do it from their mobile. In addition, it will connect the consumers so can send digital receipts to their accounts as well as consumers can place online orders to them. Using blockchain technology would ensure create an immutable agreement between two parties. Regularly buying from shops connected to the Fordo network consumers can digitize data to their account without any extra effort. So with better manageability, better visibility, and connected users business will grow better and be sustainable. 

In summary,  Easy to Use, Clear Benefit. Connect more People to Digital Economy.

1. Agent/PoS has consumers connected, sends a digital receipt to the user’s account.
2. User input expenses and can scan receipts to digitize data. 
3. The user gets cost analysis reports in mobile app/ web app/ SMS
4. The user’s data is protected and would get revenue share if his data been treaded.

Focusing on our pilot market Bangladesh adding 2M Middle-class consumers every year whose annual household income is $5,000 or more, total number of this consumer group will be 34M by 2025. This growing group eager to consume higher brands goods/services but they are also budget conscious and they are jumping onto the digital bandwagon. This group of consumers still needs to be organized and calculative with their expenses. According to survey consumers willing to list & track their expenses, check online for price and offers and they are interested to use technology to do so. 

Consumers of Bangladesh are still greatly depending on unorganized retail, like local mom-and-pop shops (In Bengali Mudir Dokan). They are the quick and most of the time trusted choice within proximity. Those unorganized retail needs standardization and digitization to offer better value and stay in fair competition.

Fordo with its great values for both the consumers and sellers can play a great role for this rapidly growing middle class & affluent consumer and huge numbers of unorganized retail of Bangladesh to make a value-sharing digital ecosystem. 

The objective of Fordo is to connecting everyone to the digital economy regardless of age, gender, education, location, or ability, with culturally relevant digital literacy skills by bringing the direct benefits available to them without/minimal effort by them, gradually making them habituated and educated to use or live in the digital ecosystem.

Fordo will standardize the unorganized retail industry and other stand-alone service providers, add them to the digital economy. Creates an orchestrated fairly competitive and transparent environment within the total industry.

Overall Fordo brings efficiency to individuals and businesses, efficiency is what the digital ecosystem promotes, the environment demands. 

We have started with a prototype about 3 years back, went through several iterations, and we run a pilot in the Bangladesh market two years back. That pilot has not success that way, but there were a number of good lessons learned from that test run. Now we want to go for another pilot to the same Bangladesh market with some changes in the product, approach, and business model.  We believe to have good results for this deployment as the market has significant change towards adopting digital and being connected that has triggered by the pandemic.    

Fordo wants to create an easy and flexible connected environment for all consumers regardless of age, gender, education, location, or ability, with culturally relevant digital literacy skills by bringing the direct benefits available to them without/minimal effort by them, gradually making them habituated and educated to use or live in the digital ecosystem.

One of the key functional uniqueness of Fordo is, it is not just a list management tool but it can take care end to end life cycle of an expense list:  Creating > Sharing > Executing > Cost & Quantity management > Analytics, Reporting & Forecasting.     

Fordo connects to numbers of Shops, Markets and enables the options like  Price & Offer query and compare, online ordering.

Fordo can be also scaled to assist in other daily activities. It can be integrated into any other digital service. Having an in-built wallet in Fordo will make it a complete and most powerful digital system for consumers. 

Currently 200 people 

Next one year 200,000 people 

Next 5 years 100,000,000 People 

Except from the C executives (CEO and CTO) in Fordo team currently One Android developers are working full time. Other than this 1 Sales Manager, 1 Software architect, 1 Back end developer, 1 web developer, 1 system integration engineer, 1 testing engineer and one UI/UX Designer are working part time. 

In the team CEO has 13 years sales and marketing experience in a fortune 500 ICT company, CTO has a wide range technology expertise for over 15 years.  And the other team members are mostly young and energetic. We are the team with mix of experience, skill and enthusiasm who are capable to achieve the target with excellence.

To get access to funding in grants and investment. 

Join a powerful network of impact-minded leaders.

Access mentorship, coaching, and strategic advice from experts. 

Gain exposure in the media 

Solution of Fordo is the only way to connect the maximum number of population to the digital economy by making them directly benefited from their own generated data, inspiring them to digitize their data and getting connected to digital economy.