RePay remittance & Merchant payment
RePay Africa, is a digital peer to peer transfer, remittance and merchant payment platform. We’re bridging the gap & providing a solution for financial inclusion challenge faced by the Africa continent. Our solution is designed for individual users, merchants & Agency services;
- Peer to Peer transfer- RePay Mobile USSD & App for iOS & Android wallet, is meant for individual customer to enable them to load their wallet with cash.
- Merchant Dashboard – This dashboard enable merchant to receive & track payments from their customers who uses the RePay wallet to pay at various outlets. A merchant is able to receive payment from any part of Africa and the transaction are real time.
- RePay Agents – RePay will enable wider agency network across Africa continent where our mobile app users can deposit cash on their wallet or withdraw money received from friends through RePay agents.
Financial inclusion continues to be a major headache in Africa, majority of commercial banks are still unable to reach people without a bank account.
There’s a big demand to digitize financial services through financial inclusion, world bank indicates that 1.7 Billion people are not financial included, majority are based in Africans; https://www.worldbank.org/en/topic/financialinclusion/overview
- More than 60% of East Africans earn or live below $1 per day.This indicates that majority cannot access financial services because their income cannot allow them to open or maintain a bank account. This locks them out of financial inclusion.
- 80% of banks believe that mobile money solutions are preferred by younger generations, and they are looking to increase provision to respond to this.
- With Repay, our mobile payment, remittance & money transfer technology we enable more than 60% to have access to financial services, this enable them to send money back to their rural areas.
- 60% of transactions in Kenya are still made through cash, 30% mobile money trailed by card transactions at 10%. With Repay we’re targeting the larger 60% who still prefer to transact using cash. We believe they’re not financially included due to lack of bank accounts or access to financial services.
- RePay Platform a peer to peer transfers, remittance, payments to merchants & agency services. We're targeting to serve the majority un-banked within Africa.
- 60% of Africa population are still having problem receiving, sending & making payments because the don't have a bank account. We're making it easy for small businesses that doesn't have a bank account across Africa to receive payments hassle free with RePay for merchant platform.
- RePay for Merchants enables our merchants to receive & track payments from their customers who uses the RePay wallet to pay at various outlets. A merchant is able to receive payment from any part of Africa and the transaction are normally in real time. Our merchant solution cater for their payments as compared to having multiple payment devices and accounts with banks & mobile money providers like cards & mobile money.
- RePay Agency program enables wider agency network across Africa continent. Our agency allow our individual users, using RePay mobile apps running on USSD,iOS & android to be able to deposit cash or withdraw anywhere around Africa. The agency also allows businesses( merchant) to withdraw amount paid to their business through RePay agents.
- Our solution is targeting the unbaked women, youths and the marginalized communities, RePay Africa Platform enable the unbaked to receive banking services without opening a bank accounts with local banks e.g receiving money, paying bills etc. RePay empowers youths and women to get jobs through our agency program.
- Our solution enable majority of rural & city dwellers to access financial services at their convenience. We're giving more attention to women & youth led businesses to receive payment & make payments through our platform.
- This solution empowers women to continue doing online businesses and also be part of our agency program where those who don't have business skills will be trained and enabled to open businesses as our RePay agent in their local area.
- 60% of transactions in Kenya are still made through cash, 30% mobile money trailed by card transactions at 10%. With Repay we’re targeting the larger 60% who still prefer to transact using cash.
- We believe they’re not financially included due to lack of bank accounts or access to financial services. With our solution we're targeting to server majority in the rural areas and in the city who are still poor and lives below a dollar a day.
- Enable small and new businesses, especially in untapped communities, to prosper and create good jobs through access to capital, networks, and technology
- Through RePay platform we're helping new business to come up in the marginalize areas in the following ways; new business will come up as a result of our agency business program, case scenario is where our customers wants to top up their wallets, they will go to agent kiosk to cash in or cash out.
- The agency outlet will be fully owned by individuals within the communities, we're targeting between 100,000 to 250,000 agency network across Africa.
- This will help so much in job creation for women, youth & the marginalize communities around Africa.
- Pilot: An organization deploying a tested product, service, or business model in at least one community
- A new application of an existing technology
RePay Africa, is a digital peer to peer transfer, remittance and merchant payment platform. We’re bridging the gap & providing a solution for financial inclusion challenges faced by the Africa continent. Our solution is designed for individual users, merchants & Agency services;
- Peer to Peer transfer- RePay Mobile wallet app running on USSD, iOS & Android. The app is meant for individual customer to enable them to load their wallet with cash e.g. through our agents, MasterCard,Visa Card. Our app provides a virtual wallet that allows our users to make payments, send money locally or internationally to friends & families across the continent.
- Merchant Dashboard – This dashboard enable merchant to receive & track payments from their customers who uses the RePay wallet to pay at various outlets. A merchant is able to receive payment from any part of Africa and the transaction are real time. Our merchant have one solution to cater for their payments, instead of having multiple devices and accounts with banks & mobile money providers like cards & mobile money. RePay Platform dashboard for merchant offers our merchants features like, SMS dashboard, POS terminal, Automated Cash out, Tax Management, Complaints management, Invoices & Receipts, Audit trail, manage users and Dashboard analytic.
- RePay Agents – RePay enable wider agency network across Africa continent where our mobile app users can deposit cash on their wallet or withdraw money received from friends through RePay agents.
RePay Africa, is a digital peer to peer transfer, remittance and merchant payment platform. Our solution is both used online or without internet, RePay is designed for individual users, merchants & Agency services;
- Peer to Peer transfer- RePay Mobile wallet app running on USSD, iOS & Android. The app is meant for individual customer to enable them to load their wallet with cash e.g. through our agents, MasterCard,Visa Card. Our app provides a virtual wallet that allows our users to make payments, send money locally or internationally to friends & families across the continent.
- Merchant Dashboard – This dashboard enable merchant to receive & track payments from their customers who uses the RePay wallet to pay at various outlets. A merchant is able to receive payment from any part of Africa and the transaction are real time. Our merchant have one solution to cater for their payments, instead of having multiple devices and accounts with banks & mobile money providers like cards & mobile money. RePay Platform dashboard for merchant offers our merchants features like, SMS dashboard, POS terminal, Automated Cash out, Tax Management, Complaints management, Invoices & Receipts, Audit trail, manage users and Dashboard analytic.
- RePay Agents – RePay enable wider agency network across Africa continent where our mobile app users can deposit cash on their wallet or withdraw money received from friends through RePay agents.
Our platform can be access and the apps downloaded on www.repay.africa.
the following uses case can be tested;
RePay merchant dashboard whereby the merchants are able to track payments for services rendered to their customers, this allows them to confirm payments in real time. Our dashboard is also able to have various users who are given specific roles e.g. sales, admin & accounts. Additionally, the merchant portal has the ability to maintain an audit trail for management use.
RePay wallet on the other hand runs USSD on featured phones, android & iOS app for customers with smart phones enabling everyone to make payment and purchases from the merchants or send peer to peer. Our agency network allows our users to load money on their wallet and withdraw without the need of having a bank account, the just need to have RePay wallet app on their phone.
RePay Agents – RePay will enable wider agency network across Africa continent where our mobile app users can deposit cash on their wallet or withdraw money received from friends through RePay agents.
- Artificial Intelligence / Machine Learning
- Behavioral Technology
- Big Data
- Blockchain
- Software and Mobile Applications
A large section of the Kenyan populace is currently able to use mobile phones to pay bills, transfer money, pay insurance premiums, borrow money, make account transfers, pay fees, make savings and purchase air time. In response, financial service providers are increasingly leveraging on mobile banking to increase accessibility and deliver services efficiently to a broad range of customers. Financial institutions have now integrated numerous mobile money services with mainstream banking services like account opening, making cash deposits, settling bills, among others, and are continually increasing the scope of mobile based transactions. The increased uptake of mobile money has seen an upsurge in competition marked by the launch of
diverse mobile money products among mobile money providers as they strive for a better grip of the lucrative retail payments market. Besides the mainstream mobile money services by the telecom firms, other firms have emerged to offer complementary services by partnering with the mobile firms in an arrangement that enables them to integrate
mobile money platforms into their programs and offerings. The Lipa na M-Pesa service provided by Safaricom Ltd that enables customers or merchants to handle mobile payments at points of sale for services rendered or
goods purchased has emerged as a very influential platform in this dimension.
The primacy of mobile money within the Kenyan context lies in its sound capability to anchor multiple activities and processes that define mobile commerce. Existing mobile money services support a wide range of
transactions including transfer of funds from one mobile subscriber to another, deposit and withdrawal of cash via a network of local agents, payment of utility bills, airtime top ups, ATM cash withdrawals, dividend pay outs, m-ticketing services, mobile shopping and cross country mobile money transfers. Being easily amenable to multiple innovations, mobile money technology eliminates the complexities associated with traditional options
such as cash and banking cards, a situation that yields a fertile ground for mobile commerce to flourish.
- Women & Girls
- Elderly
- Rural
- Peri-Urban
- Urban
- Poor
- Low-Income
- Refugees & Internally Displaced Persons
- Minorities & Previously Excluded Populations
- Persons with Disabilities
- 1. No Poverty
- 5. Gender Equality
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
- 10. Reduced Inequalities
- 11. Sustainable Cities and Communities
- Kenya
- Burundi
- Egypt, Arab Rep.
- Ethiopia
- Rwanda
- South Africa
- South Sudan
- Tanzania
- Uganda
- We're currently serving around 20,000 users. We're targeting to serve at list 500,000 users between 2020 - 2021.
- In the next 2-3 years we're intending to serve between a million active uses who are sending and receiving money through our platform.
- Within the next five years we're planning to serving between 10 million and 15 million people in the respective countries we're intending to expand RePay Africa.
- This strategy and target will involves our agency program where we'll recruit between 20,000 to 80,000 agents in each country we'll be having presence, this enable our users to deposit and withdraw money easily due to availability of our agents.
- With the same effort we're intending to enroll at list 5,000 merchants who will be accepting payments through our platform, within 2-3 years we're intending to recruit between 20,000 - 50,000 merchants across the countries we have presence.
- In the next 5 years we're targeting to have over 100,000 merchants a cross Africa bringing RePay Platform a monthly revenue of 1 Million dollars.
- Within 5 years we're targeting to raise at list 500,000 USD per month on transaction fee charged from remittance and bills payments.
- We're intending to raise capital for expansion to various African countries and finally the entire Africa continent in the next 10 Year.
- RePay Platform has launched in Kenya and in the next 2-3 years we’re intending to roll out in the following countries; South Africa, Rwanda, Burundi, Southern Sudan, Uganda & Tanzania.
- In 5 years time, we’re intending to roll out RePay platform to the entire Africa continent. As we're doing expansion we're also intend to invest in improving our platform to accommodate millions of transaction and various currency around the continent while partnering with different organizations in Africa.
- In the first year we're intending to have between 10,000 - 15,000 USD in revenue through our platform and within 2-5 years we're targeting to be earning 1 Million dollars monthly from our merchants.
- Within 5 years we're targeting to earn 500,000 USD per month as revenue from transaction fee charged on remittance and bills payments.
- Our biggest challenges or barriers that we have are financial related. Inadequate working capital to venture out to countries we're intending to role out RePay, this has limited RePay doing an international/national wide marketing campaigns, we're only doing minimal social media marketing.
- We're currently bootstrapping with initial capital from our founders for paying our employee and servers we're leasing.
- Other major challenge includes our infrastructure; it can not support many uses and transaction, we lack enough capital to setup our own data center to host RePay Platform.
- Our minor challenges like technical can be easily overcome without any problem while majority of our barriers are financial.
- Lack of enough capital has delayed us to acquire the converted international/national wide outlook for our products and services that will help a lot of business and individual as well across Africa.
- Currently we're raising Capital from venture firm and grants around the world. With between 4 million to 10 million USD of funding, we'll be able to improve our marketing and customers acquisition, we'll be able to also venture out into various targeted countries.
- Venturing out to this various countries we're targeting will enable us to get more customer and this means there will be an improvement in our revenue, With enough funding we'll expand to our first major targeted countries like South Africa, Ethiopia, Rwanda & Burundi.
- Our technical barriers; we're solving them internally by enabling and giving training to our employees and encouraging them to further their education.
- With the targeted capital we'll be able to have international/national and regional outlook that is need for our business success.
- We'll partner with major universities & learning institutions to organize boot camps and hackerthon to scout for new talents & team members.
- For-profit, including B-Corp or similar models
- We currently have 6 full time employees. Three in software development and the remaining three are in management and daily operation of the company.
- We have six more not full-time board advisors who helps us when the need arise because we don't generate enough income to employ them full time.
- Occasionally we take at list 8 interns from local university and local college for internship.
Our entire team has more than 10 years’ experience in the finance, payment & banking industry.
- Our 3 developers: Claude, Fred & John have more than 5-year experience combined.
- Myself having worked for 4 years years as a software developer, developing core banking systems and 3 years as a CTO for Resilient Business Systems East Africa.Currently working as the CEO of RePay Africa.
- Janet Co-Founder and heading finance has more than 3 year of banking experience and Finance.
- Loice our accounts management has more than 4 years experience in accounting & book keeping.
- Kevin with 7 years of business development & Software sales.
- Our mentors have more than 20 years in financial planning & Project/grant Management in NGO’s,
- We've partnered with banks to help us manage the finances and liquidity of our platform.
- Small kiosks owned by marginalized communities, women and youths as our local agents offering our agent services for money deposit and withdrawal in RePay wallets.
- We're partnering with businesses(merchants) for them to receiving payments through our platform.
- We're also in talks with Visa and MasterCard on integrating the cards into our platform so as to allow other users with bank account to load cash through their debit card.
PROBLEM
In the world today, especially in Africa, there’s a need to digitize financial services.
SOLUTION
RePay Digital payment & money transfer.
KEY RESOURCES
RePay Platform for merchants & Mobile app for users, R&D team, Big Data, Artificial Intelligence, Partners and customers.
CUSTOMER SEGMENTS
Our target customers include the following; -
- C2C – Peer to Peer transfer
- C2B- Payment to merchants
- B2C – Business to Clients
- B2B- Business to Business
UNIQUE VALUE PROPOSITION
African wide payment & transfer platform that support online money transfer and bills payment to merchants serves as electronic alternative to cash and cheques.
COMPETITIVE LANDSCAPE
Our main competitors PesaPal, Flutterwave & Interswitch.
COMPETITIVE ADVANTAGE
RePay platform has a merchant dashboard whereby the merchants are able to track payments for services rendered to their customers. Our dashboard is also able to have various users who are given specific roles e.g. sales, admin & accounts. Additionally, the merchant portal has the ability to maintain an audit trail for management use. We have RePay android & iOS app for customers to make payment and purchases from the merchants or send peer to peer.
SALES CHANNELS
- Online advertisements
- Social media marketing
- Our website
- Partners program
- Own platform
- Mobile apps
REVENUE STREAMS
- Commission on transactions per month
- Revenue from API integration
- Sale of our banking core solution
- Consultancy
PARTNERS
- Banks
- Microfinance Institutions such as SACCOs
- Third party merchants
- Our shareholders
- Payment providers/agents
COST STRUCTURE
- Platform development & Maintenance
- Transaction security
- Customer acquisition costs
- Legal
- Staff
- Office space.
- Individual consumers or stakeholders (B2C)
- We're continuously raising working grants & capital through investor to compliment our growth and expansion strategy across the Africa continent.
- This capital we're using to support our entire operations as we make and grow our sales and acquiring new users and customers that will sustain our business comfortably.
- We're also coming up with an operating strategy that includes internal organizational structure and external partnerships that are crucial for creating the organization’s intended impact in sales and product adoption.
- Finally we're creating a resource strategy that defines where and on what terms RePay Africa will acquire the resources finance & team members it needs to do its work.
- Our revenue model target service delivery to the following segment of clients and in return they'll be paying us for the services.
- C2C – Peer to Peer transfer
- C2B- Payment to merchants
- B2C – Business to Clients
- B2B- Business to Business
our revenue will mostly come from the following areas of our services;
- Commission on transactions per month
- Revenue from API integration
- SaaS Subscription fee
- Consultancy
- We're apply to raise awareness of RePay Platform capabilities and also to raise capital or grants that will enable us to scale our product and services across Africa.
- Our biggest challenges or barriers that we have is lack of enough capital to venture out to countries we're intending to role out repay product, this limits our international/national wide marketing and campaigns strategy.
- We're currently bootstrapping with little capitals and sales from our products and service. East Africa is ready and in need of RePay platform.
- With enough capital raise through elevate prize we'll easily scale our services and bring in more team members to help in growth strategy across Africa.
- Business model
- Solution technology
- Product/service distribution
- Funding and revenue model
- Board members or advisors
- Legal or regulatory matters
- Marketing, media, and exposure
Our partnership goals is generally to partner with individuals and organization that will help us grow our services across Africa and the wider world through media exposure, funding and also board advisory. For us to be successful we need partners, partners who share our vision because we can't grow alone.
This partners will enable us through their, knowledge, experience & resources to scale our platform. Improve on our revenue generation and marketing RePay platform, adoption across the entire continent of Africa.
- Visa - provide debit card support and investment in our business model.
- MasterCard - Provide debit support and investment on our business model.
- Solve - Provide knowledge and advise on our product and capital raising.
- Google - provide cloud platform and marketing.
- Microsoft - provide cloud platform &marketing.
- RePay Platform for remittance & Peer to peer transfer. Through this solution we are able to help refugee receive money from abroad or families. They are able to send money back home to their families for those who are working.
- Our platform is for financial inclusion and poverty alleviation and marginalized communities like the refugees.
- If we receive the Andan Prize we'll use it to continue supporting innovation that help refugees and their families in the country of origin through financial inclusion.
- RePay platform which is for merchant & Peer to peer transfer. Through this solution we help women and girls lead businesses to receive digital payments and sell their product online which will also spur internet usage by women & girls.
- Our platform is for financial inclusion it will also help them to send money back to their families and alleviate the financial capabilities of their families.
- If we receive the Innovation for women Prize we'll use it to continue supporting innovation that help women and girls lead business, we'll partner with women group to assist them in open businesses our local agents for money transfer services.
- RePay platform which is for merchant & Peer to peer transfer. The platform is used to alleviate poverty by providing youth and marginalized community to open businesses as our local agents in return they get payments through our agency program where they will be getting a percentage in every transaction done through their merchant businesses.
- Our platform is for financial inclusion thus it also help them to send money back to their family where they are without any restrictions.
- If we receive the Prize we'll use it to continue supporting innovation that help in creation of employment through business, we'll partner with various community led group to assist them in opening businesses as our local agents for money transfer services.
- RePay platform which is designed with merchant & Peer to peer transfer in mind utilizes machine learning and big data technology for transaction monitoring and fraud detection.
- Many of our underlying system for transfers uses block-chain technology to make the transfer successful. Our platform is used to alleviate poverty and connect the marginalized communities.
- If we receive the Prize we'll use it to continue supporting innovation based on AI and machine learning technology to enhance and improve our service to humanity.

Founder & CEO

Co-Founder