FinTech Startup Investment Opportunity in Nairobi, Kenya
FinTech neobank in Africa seeks USD 300,000 investment to grow its customer base.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | C Corporation |
| Reported Sales | Nil |
| Run Rate Sales | USD 3.6 thousand |
| EBITDA Margin | Nil |
| Industries | FinTech |
| Locations | Nairobi |
| Local Time | 5:10 PM Europe / Madrid |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
300 thousand
for
10.0%
stake
(Native Currency: USD 300,000)
Reason: We are raising USD 300,000 pre-seed to grow our customer base. We are offering a 10% stake for USD 3...
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Business Name
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User Verification
Documents
App
(213.9 KB)
Domain-Verification.pdf
(214.0 KB)
Investor Presentation
(556.8 KB)
Financial Model
(10.3 KB)
Certificate of Incorporation
(800.0 KB)
Business Overview
- Emerging neobank in Africa, leveraging proprietary technology to provide enhanced financial solutions through a versatile mobile application designed for retail customers and local merchants.
- We have a mobile application that can be downloaded by the retail customers and local merchants.
- 10,000 customers obtained via word of mouth;
- 300 merchants and counting.
- IP worth USD 1 million.
- USD 2,100 (KSH 280,000+) in our custody (amount in the wallets).
- We make money through a 1% transaction fee on multi-currency transactions (non-P2P).
- App well rated on Google Play: 4.21 stars out of 5. The app has 10,000+ downloads.
- Proprietary technology: in-house developed app, backend in microservices architecture, backoffice and custom-built KYC system. Robust infrastructure as a code deployed in AWS with enhanced cybersecurity.
- 2,100+ followers on Facebook.
- Approved as Data Controller by the ODPC in Kenya.
- Business permit as a financial service company in Kenya.
- The business partners with regulated organisations across Africa.
- In process for obtaining permission from the Central Bank of Kenya to use a banking license in partnership with a traditional bank.
- Quick and effective customer service.
- We have a mobile application that can be downloaded by the retail customers and local merchants.
- 10,000 customers obtained via word of mouth;
- 300 merchants and counting.
- IP worth USD 1 million.
- USD 2,100 (KSH 280,000+) in our custody (amount in the wallets).
- We make money through a 1% transaction fee on multi-currency transactions (non-P2P).
- App well rated on Google Play: 4.21 stars out of 5. The app has 10,000+ downloads.
- Proprietary technology: in-house developed app, backend in microservices architecture, backoffice and custom-built KYC system. Robust infrastructure as a code deployed in AWS with enhanced cybersecurity.
- 2,100+ followers on Facebook.
- Approved as Data Controller by the ODPC in Kenya.
- Business permit as a financial service company in Kenya.
- The business partners with regulated organisations across Africa.
- In process for obtaining permission from the Central Bank of Kenya to use a banking license in partnership with a traditional bank.
- Quick and effective customer service.
Products & Services Overview
This company provides a single app to save, send, and spend money smarter across Africa.A person in Kenya sending $200 to Nigeria loses 5% and waits 3 days. This company cuts it to zero fee and instantly as a peer-to-peer transaction.
Main features:
1. International transfers to 11 countries.
2. E-wallet in dollars used by retail customers and merchants to hedge against inflation.
The top-selling right now is the international transfers.
Assets Overview
Intangible assets:- Customers.
- Partnership with solid organisations.
- Mobile banking app and its backend.
- KYC (Know Your Customer) platform.
- Approved trademarks.
- Memorable 5-letter internet domain.
- Branding.
- Marketing materials, including a blog with hundreds of literacy posts.
- C-Corporation in the US with a subsidiary in Kenya.
Facilities Overview
Our registered address is in Nairobi. Our entire team works remotely.Mentioned below are their locations:
- One in the USA.
- One in Brazil.
- Two in Spain.
- Two in Kenya.
- One in India.
Capitalization Overview
Self-funded. No debt/loans.1 shareholder with 4,000 shares out of 7,500 issued.
1 shareholder with unvested 75 stock options vesting in 48 months.
Other shares are reserved for investment.
Recent Activity
-
Earlier than 15 daysPartner, FMCG Distribution, Kochi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysIT Consultant, Bank, Birmingham, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Analyst, Advertising Services, Johannesburg, Individual Investor / Buyer connected with the Business
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1 Investor contacted this Business this month.
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