Opportunity Overview

  • Disrupting digital payments globally - strong tech stack and addressing an untapped user segment / service
  • 2 product verticals :
    • For keypad phones : enabling digital financial inclusion services
    • Online M-commerce card payments : making them simpler, faster, safer, secure and at a lower cost
  • 4 Patents filed and 1 granted, technology stack developed giving a head start of at least 12-18 months over competition
  • Products developed, tested as a MVP, B2B contracts in place / under closure with Global partners
  • Optimised business plan :
    • Minimal marketing and customer acquisition / retention costs
    • Strong B2B partnerships with a technology edge for the service portfolio
  • Bootstrapped till 2022 with over USD 2.0 mill invested, Raised USD 100k in 2022, another USD 200k in 2023
  • Raising USD 1.0 in current round, current gap is USD 0.7 mill

Key Investment Highlights

Feature / Keypad phone Financial inclusion services

  • Addressing the unbanked / under-banked base of over 400+ TA in India and over 800+ mill in Africa
  • Enabling digital financial inclusion for this segment,
    1. SIM overlay for basic feature phones
    2. downloadable app for the smart keypad devices ( KaiOS devices www.kaiostech.com )
  • B2B partnerships
    1. micro finance industry
    2. Rural commerce
    3. MSME merchant acquiring / Soundbox merchants
    4. Rural banking
  • Revenues start in Q2 2024

Online M-commerce Card payments - major disruption

  • Present Online card payments are “card not present - card holder is not present at merchant transaction point
  • We convert the customer mobile app to a “card acceptance terminal” - customer can tap his own his own card on his own handset - “card present”, card holder is present at merchant terminal
  • Simpler, faster, secure and a lower cost transaction. No OTP, higher success rate, no chargebacks and 100% digital
  • Global exclusive partnership with Visa in place – exclusive pilot in India for the globe. MasterCard will follow Visa. RuPay under closure
  • India pilot readiness :
    1. Acquiring bank – Axis Bank
    2. Merchants : Flipkart, Zomato, MakeMyTrip, EaseMyTrip, Adani Digital, Swiggy PineLabs
  • The above are in line with the RBI asks – no OTP txns / tokenized cards / digitised cards