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FinTech Startup Investment Opportunity in Abidjan, Côte d'Ivoire

FinTech startup in Africa offering seamless, secure, contactless payments, seeking investment for development and launch.
This Business is on a Premium Plan
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
Overall Rating
Partial Stake Sale
USD 400 thousand for 7.0% stake (Native Currency: XOF 250,000,000)
Reason: Seeking investment for product development, marketing, operational expenses, hiring employees, and e... View More
Includes physical assets worth USD 500 thousand
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Pitch
Business Overview

- 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.

Products & Services Overview

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.

Assets Overview

Physical assets include electronic equipment, office computers, servers, lease deposits.

Facilities Overview

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.

Capitalization Overview

Self-funded using personal savings and assets.

No outstanding loans or liabilities.

There is 1 owner/director.

Recent Activity
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9 Investors viewed this Business this month.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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