Startup Journey On Demand Mobile.

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Presentation transcript:

Startup Journey On Demand Mobile

Data 2014

Problem (2) (1) High Cost of Devices High Transaction fees (3) Long Settlement Period

Banking Industry Reaction

Our Solution

Market Challenges No buy in from banks. Chicken/egg scenario Limited Value to merchants Dropping transaction fees New market entrants Significant scale required/high volumes

Retailer Interviews

Help Retailers Make Data Driven Decisions

Bamba POS

Safaricom Cafeteria

Samsung Galaxy Traders

Traction 60 Active Merchants

Challenges Lack of Capacity Long sales cycle Hardware compatibility Tedious Onboarding Lack of focus Limited marketing Ego/overconfidence Entrepreneur fatigue Team conflict Lack of focus (individuals)

Where we are Now

Business Model Future Revenue from credit scoring and merchant lending

Challenges Slow product development (Dev Capacity) Funding – No mans land Hardware (KRA integration)