VaultPay

Fintech, Payments, B2B

Author

Peniel Keme Kitoko
April 11, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| Africa Thursday

Revolutionize the payments infrastructure in Central Africa.

  Problem

  • Market Potential: In Central Africa, financial transactions often present logistical challenges, especially in remote regions.

  • Challenge: Local businesses struggle to serve customers effectively due to the inconvenience of traditional banking practices.

  • Lacking Tool: Existing payment infrastructure lacks accessibility and affordability for both banks and customers.

    • Extra Barriers: Financial institutions face high costs and logistical barriers in expanding their agent networks.

This issue's Startup equips financial institutions with a platform to transform local businesses into bank agents, revolutionizing accessibility to banking services.

  Solution

VaultPay

VaultPay enables financial institutions to empower local businesses, turning them into bank agents to facilitate financial transactions efficiently.

How: They achieve this by providing a SoftPOS solution, turning any NFC-compatible Android device into a point-of-sale system.

  • Platform: The platform, known as VaultPay SoftPOS, streamlines transactions, eliminating the need for traditional costly POS hardware.

  • Target: Targeting businesses in Central Africa, VaultPay aims to enhance financial accessibility for both customers and banks.

  • Resolving: They address the challenge of inconvenient banking practices and costly infrastructure, making financial services more accessible.

Product Demonstration

  Company Info

  • Industry: Fintech, Payments, B2B

  • Business Model: SaaS (Transaction-, Merchant- & Interchange fees)

  • HQ: Kinshasa, Congo (Dem. Rep.)

  • Founding Year: 2023

  • Employee Count: 2

  • Investors: Y Combinator

  • Funding Amount: $500,000 (Pre-Seed)

  Traction

  •   Finalizing partnership with a leading bank for BIN sponsorship

  •   Deployed over 30,000 POS systems and tokenized 10,000 cards

  •   Generated revenue exceeding $1 million

  Competition Advantages

  • Streamlined transactions via SoftPOS technology

  • Cost-effective solution for both businesses and banks

  • Accessibility to banking services in remote regions

  Founders

  • Ntambwa Basambombo, Co-Founder & CEO (Background in financial services)

  • Christel Ilaka, Co-Founder & CFO (Expertise in web development)

  Job Opportunities & Contact

  • Hiring Status: N/A

  • Contact Information:

    • vaultpay.io

    • https://www.linkedin.com/company/getvaultpay/

    • https://www.linkedin.com/in/ntambwa-basambombo-1371b952/

    • https://www.linkedin.com/in/christelilaka/

  Why Invest by George

❝

Ooh-ooh-ahh-ahh, VaultPay make money from beep-beep! They also make friends with big bank! Big things happening, big bananas coming!

🐵

- George Capuchinski -

  Voices From Our Community (By George: Coming Soon 🍌)

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Cheers,

Peniel Keme Kitoko

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