Online banking and digital credit market platform

Online banking and digital credit market platform

Online banking and digital credit market platform Sector: Fin Tech Year of establishment: 2014 Turnover: USD 70K-100K Investment need: 500K Product, market solution and potential The company was established in 2014. They developed a banking and digital credit market platform integrated with mobile tools that enable Savings and Credit Cooperative Organisations SACCOS and Microfinance institutions MFIs to lend money to growing businesses in East Africa.  Rural Cooperatives that work with urban based financiers are able to get working capital loans. Whereas lenders can provide financing to this market segment, they are also able to monitor borrower repayment patterns to provide a credit rating as basis for credit underwriting. The company offers a mobile and web based user friend platform for Savings and Credit Cooperatives organisations (SACCOS) and Microfinance institutions (MFIs), creating ease of financial transactions and reducing the risks in the microfinance industry. The company has software that provides substantial data and information to enable credit underwriters in the micro finance market make good judgement on clients prior to advancing credit. Entrepreneur and Team The company is a registered limited liability company founded by a team of innovative youth who have won the Resilient Africa award and the World Summit award 2015.  One of the founders is a certified entrepreneur with a background in the financial services industry, particularly conversant with electronic payment systems. He also has a background in a telecom industry and exposure to government projects working with savings and cooperative organizations (SACCOS). Turnover and Investment need The company has a turnover between USD 50,000-100,000 and an investment need  of up to USD 500,000 of which 70% will be...
Mobile Payment Technology

Mobile Payment Technology

Bringing mobile payment technology to the SME sector Sector: Fintech Year of establishment: 2013 Turnover 2015: USD100k-200k Investment need: USD200k Product, market solution and potential Founded in 2013, the Company provides E-Commerce payment solutions. The Company has built a powerful electronic commerce (eCommerce) platform called IP2 that makes it easy for businesses to collect and make payments using E-money platforms like mobile money, bank wallets and other digital stores of value. The platform also enables the sales of fast moving digital goods like airtime, internet data, concert tickets and lot more. The Company works with partners including mobile money operators and banks to ensure ease of payments and safe transfer of funds and reduces on all related costs in cash handling. Entrepreneur & team The Company was started by a Ugandan entrepreneur who is a web designer and has an IT background, in the mobile payments space he was previously working with MTN Uganda, one of the largest mobile telephone companies in Africa with a track record of rolling out products such as mobile wallet solutions. The other shareholders include a South African Angel Investor. Turnover & investment need Turnover in 2015 approached nearly USD 100,000. The company is searching for an investment between USD 200,000 –USD 300,000. The financing sought shall be used to undertake the following: product development and recruiting a sales and marketing person. Impact The business has a positive impact in different areas: Ease on making payments through use of mobile money. Reduce on all the costs related on cash handling. Would you like to know more about this business? Contact...