FinTech Startup Investment Opportunity in Abidjan, Côte d'Ivoire
Established | 0-1 year(s) |
Employees | 2 - 5 |
Legal Entity | Private Limited Company |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | FinTech |
Locations | Abidjan |
Local Time | 6:03 AM Africa / Abidjan |
Listed By | Business Owner / Director |
Status | Active |
- FinTech company focused on building seamless, secure and contactless payments for Africa.
- We believe that payment in Africa is still insecure, unreliable and system downtimes. Also, we can reduce the high cost of POS terminals for banks, debt without credit and reversal delays.
We foresee a future where anyone can make a payment with a single tap.
- Our solution enables businesses to truly go-mobile by empowering them with a simple to use app that they can use to collect payments, manage transactions, manage multiple locations, send invoices/payment links etc.
- Smartphone adoption in Africa has seen a drastic growth over the last 10 years. This adoption is key to fintech growth and important for a niche solution like ours that leverages NFC for processing transactions and biometrics for authorizations - both enabling swift and secure payments.
- We are championing the next generation of security by leveraging enterprise grade systems and following global industry best practices to ensure that our product is safe, secure and reliable.
- Currently, we are in the startup phase and planning to start as a B2B.
- Our software is undergoing integration into a Pan-African bank's mobile application.
- Revenue will be generated by getting a commission of ~0.65% for each transaction a user makes through the bank application. This could increase later.
- This commission amount we receive is a part of what the bank receives, as per the agreement.
- Will be compatible with both iOS, Android and smaller phones.
FinTech company - build seamless, secure and contactless payments.
The software can be used to make/collect payments, manage transactions, manage multiple locations, send invoices/payment links etc.
Revenue will be generated by getting a commission of 0.65% for each transaction a user makes through the bank application.
Physical assets include electronic equipment, office computers, servers, lease deposits.
We are currently operating from a rented facility from a first floor of a commercial building with three spacious rooms occupied by four engineers, including the CEO.
Location is Abidjan, Côte d'Ivoire.
Self-funded using personal savings and assets.
No outstanding loans or liabilities.
There is 1 owner/director.
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Earlier than 15 daysConsultant, Management Consulting, Montreal, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysConnecting Companies With The Right Investor, Sydney, Financial Consultant connected with the Business
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Earlier than 15 daysBusiness Consultant, Technology & Capital Solutions, Hyderabad, Corporate Investor / Buyer connected with the Business