Vanilla Pay Fintech startup, we want to democratize online payment in Madagascar

You know what?

Madagascar is searching for its online payment and e-commerce identity.

Our fintech startup Vanilla Pay is the solution.

In 2018, we offered our secure and useful online payment services to businesses. Users can pay with all mobile money accounts or our e-wallets. We grew quickly as we gained 1000 subscribers per month. Now, there are around 20.000 active e-wallets, 10.000 transactions per month, USD 125,000nin total amount of transactions/month. Vanilla Pay makes an average turnover of USD 3700/month. It’s time for us to become an EME (Electronical Money Establishment).

We need USD 360,000 for 30%. The main use of fund will be a guarantee deposit at Central Bank (50%), a CBS (25%) and marketing and sales (25%). With an exit of 5 times after 5 complete years. Why? There are many projects to launch with an EME license. For eg, e-Gov, e-Tourism, international transfer between Vanilla islands, young and female financial inclusion.