The BOX mobile cash register

Solving financial inclusion problems in Benin with the Caisse Mobile BOX

Caisse Mobile BOX aims to address the major challenges facing financial inclusion in Benin. To know :

1. Limited access to financial services:

- Only 14% of Beninese adults have a bank account.
- More than 70% of the rural population does not have access to traditional financial services.
- More than 7 million unbanked adults in Benin.

2. Financial insecurity:

- Thefts and losses linked to keeping cash at home are common, affecting the financial stability of households.
- Nearly 60% of adults say they have no means of saving safe money.
- More than a million Beninese people are defrauded each year by decentralized financial structures operating in the informal sector.

3. Exclusion of marginalized populations:
- Women and young people are particularly affected, with limited access to formal financial services.
- More than 80% of women do not have access to basic financial services.

4. Need for innovative solutions:

- It is imperative to develop financial solutions that are accessible, secure and adapted to the specific needs of the Beninese population.

- Technological innovation offers a unique opportunity to close the financial inclusion gap and promote economic development.

The Mobile Cash Box BOX is a revolutionary solution designed to meet the challenges of financial inclusion in Benin.

1. Mobile Cash Box BOX:
Cashier Mobile BOX is a user-friendly mobile application that offers a full range of basic financial services, including savings, money transfers and payments. Accessible via smartphone, this solution connects users to legal decentralized financial structures in Benin, providing them with easy access to secure banking services wherever they are.

2. Main Features:
- Easy Savings: Users can create and manage savings accounts directly from the app, making it easy to build savings for the future.
- Fast Money Transfers: Mobile Cashier BOX enables fast and secure money transfers between users and legal decentralized financial structures, providing a convenient alternative to traditional transfer services.
- Microcredit: Users can apply for loans online and processing is done with just one click, making daily transactions easier.

3. Accessibility and inclusiveness:
The Mobile Cash Box BOX is designed to be accessible to everyone, including rural and marginalized populations. With an intuitive user interface and simple functionality, it aims to remove barriers to accessing financial services.

4. Expected impact:
- Financial inclusion: Caisse Mobile BOX plans to reach millions of unbanked people in Benin, by offering them easy access to financial services.
- Stimulation of the economy: By facilitating financial transactions and payments, the solution helps to stimulate economic activity and promote sustainable development.

Here are some graphical interfaces of the BOX mobile application:

Our Mobile Cash Box BOX Solution is an innovative solution designed to revolutionize financial management in Benin. Our intuitive and secure mobile app offers a full range of financial services, including savings, credit and insurance, accessible anytime, anywhere.

Direct users:
Over 500 legal decentralized financial structures responsible for finance and financial management will directly benefit from our platform, enabling them to effectively manage cash flow, transactions and follow informed decisions for their organization.

Field agents:
Additionally, our solution is expected to be deployed to 70,000 field agents, providing them with instant access to financial services for their respective communities. These agents become essential points of contact for local populations, facilitating access to financial services in the most remote areas of the country.

Community impact:
In total, the Caisse Mobile BOX aims to reach more than 5 million people in Benin and 30 million in West Africa. By providing equitable access to financial services, we aim to strengthen household economic stability, promote financial inclusion and stimulate economic growth nationwide.

With our solution, we aim to transform finance for all Beninese, creating a future where everyone has the tools they need to thrive financially.

Our Mobile Cash Box BOX Solution is an innovative solution designed to revolutionize financial management in Benin. Our intuitive and secure mobile app offers a full range of financial services, including savings, credit and insurance, accessible anytime, anywhere.

Direct users:
Over 500 legal decentralized financial structures responsible for finance and financial management will directly benefit from our platform, enabling them to effectively manage cash flow, transactions and follow informed decisions for their organization.

Field agents:
Additionally, our solution is expected to be deployed to 70,000 field agents, providing them with instant access to financial services for their respective communities. These agents become essential points of contact for local populations, facilitating access to financial services in the most remote areas of the country.

Community impact:
In total, the Caisse Mobile BOX aims to reach more than 5 million people in Benin and 30 million in West Africa. By providing equitable access to financial services, we aim to strengthen household economic stability, promote financial inclusion and stimulate economic growth nationwide.

With our solution, we aim to transform finance for all Beninese, creating a future where everyone has the tools they need to thrive financially.

For four months, my team and I conducted in-depth research, collected testimonies, observed and analyzed the situation. The findings are alarming: thousands of families have been stripped of their savings, plunging them further into poverty.

It is in this context that we decided to provide a radical and lasting solution. The BOX project is the result of this reflection. Our ambition is clear: to create the best financial inclusion application in Africa. We are determined to succeed because this project drives us deeply.

This project goes beyond a simple business. This is our life, our community. It is a quest for justice, revenge for all the victims. Failure is not an option. We must succeed for our community.

If you believe in us, if you support our startup and our project, we will experience an extraordinary adventure. Not just for us, but for everyone who will benefit from the BOX solution.

Here is how the BOX project is progressing and what we have achieved.

- Initial concept design: Clear definition of the vision and objectives of the BOX mobile cash register. (Already done)
  Logo creation and graphic interface (Already finalized)

  - Application development: Creation of a user-friendly and secure application compatible with different devices. (80% in development)

- Web application development (90% in development). With the integration of key features

- We have an MVP of our solution.

- We have already developed the website for our solution.

- We created a web page to collect feedback from our target audience on the BOX mobile checkout solution, and also pre-registered for the launch of the beta version of our application.

   -- More than 1500 reviews have been collected.

   -- 1000 pre-registrations for the beta launch.

-Tests and: Rigorous evaluation of the application to guarantee its proper functioning and effectiveness.

- Our solution won first prize at the DSI AWARDS BENIN 2023 in the IT solution category. This prize rewards a company offering a solution with a clear impact on the daily lives of businesses and the general public.

As a young tech startup and budding entrepreneur, we are looking to perfect several aspects of our professional development. Our main goal is to improve our financial management skills to better understand the economic aspects of our business. We also want to develop effective marketing strategies to increase the visibility of our project. At the same time, we are committed to strengthening our leadership skills to effectively mobilize our team and foster an environment conducive to innovation. These improvements are essential to establish a strong and sustainable foundation for an emerging startup. We are determined to meet these challenges and invest in our professional development to achieve our entrepreneurial goals. We will also receive seed funding to take the next stages of our project.

Imagine a world where everyone, determining their banking status, can easily access decentralized financial services. This is exactly what we offer with the BOX mobile checkout.

Our revolutionary application system connects unbanked or underbanked people with decentralized financial structures. Thanks to BOX, the 7 million Beninese population who do not have access to financial services can open an account in just a few minutes and create several savings banks simultaneously domiciled in the decentralized financial structures of their choice.

The value proposition of the BOX mobile cash register lies in its ability to provide a secure and user-friendly digital solution for managing financial transactions. By combining ease of use with advanced features, BOX enables businesses and individuals to effectively manage their finances, transact securely, and track their financial activities in real time. By providing an alternative to traditional financial management methods, BOX aims to improve operational efficiency, reduce fraud risks and drive financial inclusion for all.

As part of the BOX project, our theory of change is based on the belief that the implementation of a mobile checkout accessible to all will lead to immediate and long-term results for our target population.

Our consistent activities to develop and deploy a user-friendly financial management application, provide training and ongoing support to users, as well as establish partnerships with local financial institutions to ensure access to basic banking services (micro savings, microcredit and microinsurance).

Expected immediate outcomes include better management of personal finances, increased financial inclusion and reduced risks of fraud and embezzlement. In the longer term, we expect the Caisse Mobile BOX to contribute to the reduction of poverty, the stimulation of the local economy and the economic empowerment of individuals and communities.

This theory of change is supported by research into the financial needs of the target population, preliminary impact evaluations, as well as feedback from pilot users. We are confident that the successful implementation of these activities will lead to measurable and sustainable positive results for our beneficiaries.

The impact objectives of our solution, the Mobile Cash Box BOX, are as follows:

1. Increase financial inclusion: Our goal is to reach and serve a growing number of unbanked and underbanked people, particularly in rural and underserved areas.

2. Reduce financial fraud: We aim to reduce instances of fraud and embezzlement by providing a secure and transparent platform for managing personal finances.

3. Improve personal finance management: We seek to strengthen users' financial skills by providing them with tools and resources to manage their money more effectively.

4. Stimulate the local economy: We want to encourage local savings and investment, thus contributing to economic growth and community development.

To measure our progress towards achieving these impact goals, we use key performance indicators (KPIs) such as:

- The number of active users of the application

- The number of partner decentralized financial structures
- The rate of financial inclusion in the target areas
- The percentage reduction in reported cases of financial fraud
- The level of user satisfaction with the ease of use and security of the platform.

These indicators allow us to monitor our progress, evaluate the impact of our solution and make adjustments if necessary to better meet the needs of our users and achieve our impact objectives.

The core technology that powers our solution, the Mobile Cash Box BOX, is based on a combination of modern and ancestral technologies aimed at meeting the financial needs of unbanked and underbanked populations, particularly in rural and underserved regions.

  The target users (Students, Traders and Craftsmen) use an Android application. Decentralized financial structures use a web application.

Our solution uses a user-friendly mobile application, accessible via popular smartphones, to allow users to easily manage their personal finances. This app is powered by advanced security technologies, ensuring privacy and security of financial transactions.

Additionally, we integrate features like SMS technologies to allow users to access their accounts and complete transactions even without a stable internet connection. This ensures maximum accessibility, even in areas with low connectivity.

At the same time, our solution draws on traditional knowledge and practices in financial management, adapted to the local and cultural realities of target communities. We also value partnerships with local financial institutions to expand access to basic banking services.

In summary, the technology behind the Mobile Cashier BOX includes an intuitive mobile and web app, advanced security technologies, SMS capabilities and integration of traditional financial practices, all combined to provide an inclusive and accessible solution to financial challenges are faced with marginalized populations.

In our solutions team, we currently have 10 full-time people, 100 part-time people and 3 contractors. These team members come from diverse areas of expertise including technology, software development, marketing, finance and project management, ensuring a holistic approach to the development and implementation of our solution.

We have been working on our solution for 1 year 6 months

We have an interdisciplinary team of 10 full-time members, including project managers, designers, communication experts, field monitors, data engineers, data scientists, Android developers, back-end developers , graphic designers, testers and financial inclusion providers.

100% of team members live in the country where the solution is deployed and are people of color. We are working to improve gender parity within our team.

We have spent more than 18,280 hours co-creating our solutions with our various partners.

Our business model is flexible and scalable.

We charge commissions on financial transactions carried out on our mobile application and we charge a monthly or annual subscription for the web application intended for decentralized financial structures.

With a market that benefits more than seven million beneficiaries in Benin, we

expect to reach a share of 20%, or more than 1,400,000 BOX users
from the second and third year.
Record more than 168,000,000 transactions per year on BOX, with
growth of 5% per year.
And a forecast annual turnover of more than $1,097,933.80.
We have developed solid financial projections and a growth plan
ambitious. These elements demonstrate the commercial viability of the company and
provide the various stakeholders with a clear vision of the financial future of BOX