Mobi-Remit is a financial technology platform that facilitates cross-border transfer of funds globally

The platform debits the user’s card or bank account & instantly credits their recipient’s mobile wallet or bank account; earning a transactional fee.

PROBLEM
Legacy remittance systems are:

Inconvenient
• The sender has to physically visit an agent or bank location to manually deposit or release the transfer funds.
• The sender may have to tediously fill-up the paper forms every time they need to make transfers.
• The recipient may need to go to a payout location to receive the funds.

Time-consuming
• The turnaround time for the money transfer cycle; from transfer intention to fund-delivery is long.

Limited service availability
• Service usually only available during ‘normal working hours’ . i. e. 9 to 5.

SOLUTION
- Time-saving : Instant transfers

- Fully-automated transfer process

- Convinient : Sending and receiving funds can be done from the convenience of one’s phone or computer, anywhere and at anytime (24/7).

BUSINESS MODEL

The platform debits the user’s card or bank account & instantly credits their recipient’s mobile wallet or bank account; earning a transactional fee.

MARKET SIZE
$ 615 Billion

TRACTION
Jan 2018
-First created a prototype

-First piloted the product or service

-Secured first paying customer

Jan 2021
Secured external funding
The venture has secured funding from a third party.

Feb 2022
Incorporate the venture
The venture is a legal registered entity.

Jun 2022
First created a pitch deck
There is a pitch deck explaining the venture.

LONG TERM GOALS
Achieve global borderless transactions that happen in real-time regardless of the user's geographical location.

USE OF FUNDS

- Pre-funding of the payout float account : USD 100, 000

- Marketing costs (customer acquisition) : USD 100, 000

- Operational costs : USD 50, 000