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Xchange Box Solutions Ltd Credit Access and payment & collections platform for smes/cornershops

Cover image of Xchange Box Solutions Ltd, Financial services venture on VC4A

Xchange Box Solutions Ltd

Xchange Box Solutions Ltd

XchangeBox is a licensed PSSP startup and also runs Microfinance Bank which provides credit access and payments/collections services to SMEs/cornershops in Nigeria with an accelerated growth in the last 6 months leading to transactions volume with 90,000,000 million USD processed. We charge 0.5% of the value processed via the platform as revenue. Our model is B2B2C and users download our application via Playstore and also are given Mobile Point of Sale Terminal Devices for collection of payments with debit cards from customers. Our market access is through Aggregators network who recruit customers and we also support with marketing via our platforms. We have done this volume without any major marketing in the space.

Sectors Financial services, Fintech, Online payment processing
Location Abuja, Nigeria
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