CoinFling is a mobile money transfer company that allows users in developed countries to send money using its mobile applications to family members in developing countries on their mobile wallets, bank accounts, or rechargeable debit cards. The CoinFling mobile app allows users to enter the amount of cash they want to send, enter a recipient’s cell phone number and pay with a debit card. The money is then transferred to the recipient’s mobile wallet.

PRODUCTS & SERVICES

Money transfer app-send money to African countires. The mobile app helps immigrants instant to transfer money to their home town.

REVENUE MODEL

The company generates revenues from the transaction fee: $2.99.

MAIN CLIENTS

Financial institutions

EXISTING PARTNERSHIPS

Partnered with Banks

Wallet providers & Mobile operators Gulf American Bank

Safaricom

M-PESA

Airtel Money

Gulf African bank.

COMMENT

In Kenya, where CoinFling operates, over 70 percent of adults have a registered mobile wallet, using their cell phones to pay bills or buy groceries. Commpany plans to launch risk management software for banks.