Logo Venture Capital for Africa

iPay

iPay is an innovative payments processing solution and payment gateway for Africa. iPay is an easy-to-use payments processing system that incorporates VISA, Mastercard, Kenswitch, M-PESA, Airtel Money, yuCash.

We have packaged these popular bank debit and money transfer systems into an online and POS transaction processing system that will allow you to receive payments off your website and in your store and thus further extend the reach of your brand’s products and services within the East African region (Kenya, Uganda, Tanzania, Rwanda) and beyond.

Fundraising

This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.

Idea

We have an elevator pitch. We plan to execute a proven concept in a growing market.
We have an elevator pitch. We plan to execute a proven concept in a growing market.

Mobile money is the payments solution for Africa. It is a concept that has great potential for merchants and business owners all over the continent. iPay is all about aggregating the different flavours of mobile money and cards into a single payments platform for merchants.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

Philip Nyamwaya: Co-Founder, co-visionary and managing director, Systems analyst. Stephen Ogola: Co-Founder, co-visionary. Paul Nguru: Director, Finance Manager and Strategy manager


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

We have a mature product that has undergone several iterations and is live in the Kenyan market. Finalising our entry into Uganda. Over 180 clients using our iPay for online acquiring and offline physical Point-of-sale acquiring. http://bit.ly/OVLTGC http://bit.ly/IOz

Revenue

We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.
We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.

For every transaction successfully processed, we earn a commission ranging from about 1.5% - 3.9% of the transaction amount. Its as simple as that.

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates

More info