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SmartPesa Powering Smart Transactions

SmartPesa is a specialist payments technology provider that aims to solve the last mile problem for financial institutions in emerging markets. 

Over 2 billion people are currently excluded from the financial system (the unbanked and underbanked). SmartPesa’s vision is to enable countries to quickly expand the financial services network into rural areas at very low cost, bringing the under-served into the modern financial system.

Banks, Insurers and PSPs can use SmartPesa’s platform as mini-ATMs/branches in remote and rural areas, providing a full range of services including payments, cash-in and out, balance inquiries, bill payments, transfers, government distributions, loans and insurance. SmartPesa directly addresses the dual needs of financial inclusion and cash reduction whilst eliminating the need for costly/risky changes to banks’ proven systems. 
SmartPesa is deployed on-premises with full legal/regulatory compliance and industry leading security systems and fully integrates with any financial switch.
 SmartPesa works closely with local partners across the globe to operate the solution for local financial institutions, initially as a mobile point of sale solution and later expand into a multi-service system as part of the mission to solve the Banking Last Mile problem.  
SmartPesa was founded in Singapore in order to tap into its growing financial technology expertise and as a base to expand into our target markets in Asia, Africa, Eastern Europe and South America.

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. This is a high-risk venture that offers potentially high-rewards. We plan to execute a proven concept in a growing market.
We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We plan to execute a proven concept in a growing market.

SmartPesa solves the banking last mile. With a low cost card reader, banks are able to quickly expand their branch/ATM network into rural areas, providing not only payments and cashout but also 3rd party bill payments, remittances, loyalty schemes and microfinance services.

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.

Founders with over 40 years combined experience in international finance and building applications for financial institutions. All aspects of the solution have been developed in-house and all IP has been secured.


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.

Fully working commercial product with contracts in Nigeria and Philippines. Customers are Banks and Payment Service Providers

Revenue

We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.
We will earn revenue from an advertising model. We have a cash-flow prognosis. We already have revenue from paying customers.

Revenue from initial installation; ongoing transaction revenue share and annual subscriptions; and consulting

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates

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