Phatisa has launched an internal rate of return (IRR) app that is aimed at investors and industry professionals in the African private equity business.
The app is designed to calculate financial indicators at a much faster rate in order to enable accurate investment decisions.
The app is not intended to replace financial models required for investment evaluations; however, it can be used to as an alternative solution during key negotiations or whilst on the go. This is according to Stuart Bradley, a senior partner at Phatisa.
According to ventures-africa.com, the app has three variables – which include: investment time period (calculated in years), times money back multiple (such as three times the initial investment) and a resultant internal rate of return – in which any of the two variables can be used to calculate the internal rate of return (IRR) to get the unknown parameter.
In addition to these features, the app also includes a news feed on African equity markets, a live feed exchange rate of major global and African countries as well as a daily-updated agri-commodity price feature.
Bradley says this could help investors scale the price they are willing to put forward in an investment.
The app is currently available on Apple and Android devices.