HaitiPay S.A.

paymentsmobile/digital wallet

FOUNDING YEAR: 2012
LOCATION: Haiti
Last Update: 01/05/2020

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About

HAITIPAY S.A. is an Information Communication and Technologies (ICT) specialized in providing electronic payment services. HAITIPAY uses an innovative mobile payment platform that instantly transforms any mobile phone into a secure electronic means of payment. HAITIPAY’s technology is designed to meet the needs of developing countries that have no payment infrastructure but a very large deployment of mobile. We offer the following services: • Mobile Wallet: Anyone with a mobile phone, can easily and safely store, send and spend money using the mobile wallet • Purchase from a merchant: Customers can pay for their purchases with their phone at a store offering a way of proximity payments appropriate to retail. • Solutions Micro-finance: The beneficiary can collect the loan or use the money to make purchases directly using their mobile phone. • Electronic Commerce: With a few clicks, any holder of mobile phone can easily make online purchases safely. • Money Transfer: Easy money transfers to any cell phone: on the web, with an agent or on the road. The receiver can recover the cash or spend it directly from a store or on the web using her phone to complete the transaction. • Payroll disbursement: Business can offer a safe and effective way to pay wages to their employees • Gift Certificate: HAITIPAY offers a convenient and secure way to give and spend gift certificates on the web or in stores. Specialties Mobile Money, ePayment solutions, M-Pos, eVouchers, Money Transfer

MEDICI Analysis

HAITIPAY S.A. is an Information Communication and Technologies (ICT) provides electronic payment services. It uses a payment platform that coverts any mobile phone into a secure electronic payment.

Focus

PRODUCTS & SERVICES

The services offering include - Mobile Wallet Micro-finance Solutions Electronic Commerce Money Transfer Payroll disbursement Gift Certificate Mobile Money, ePayment solutions, M-Pos, eVouchers, Money Transfer

REVENUE MODEL

Tranactions Fee Based

PRIMARY PROBLEM SOLVED

Universal Mobile Payment Gateway API. Solving interoperability issues between mobile payment clients through a universal access transactionnal API

company provided insights

Traction

REVENUE

$100k - $499k

ACTIVE USERS:

42,000

People

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

LISTED

NO

For Investors

MONTHS LEFT WITH CURRENT CASH BURN RATE:

18 months from 16 Nov, 2018

BASICS

FOUNDING YEAR:

2012

LOCATION:

Haiti

Views:

24 VISITORS | 38 VIEWS
TOTAL EMPLOYEES
11-50

About

HAITIPAY S.A. is an Information Communication and Technologies (ICT) specialized in providing electronic payment services. HAITIPAY uses an innovative mobile payment platform that instantly transforms any mobile phone into a secure electronic means of payment. HAITIPAY’s technology is designed to meet the needs of developing countries that have no payment infrastructure but a very large deployment of mobile. We offer the following services: • Mobile Wallet: Anyone with a mobile phone, can easily and safely store, send and spend money using the mobile wallet • Purchase from a merchant: Customers can pay for their purchases with their phone at a store offering a way of proximity payments appropriate to retail. • Solutions Micro-finance: The beneficiary can collect the loan or use the money to make purchases directly using their mobile phone. • Electronic Commerce: With a few clicks, any holder of mobile phone can easily make online purchases safely. • Money Transfer: Easy money transfers to any cell phone: on the web, with an agent or on the road. The receiver can recover the cash or spend it directly from a store or on the web using her phone to complete the transaction. • Payroll disbursement: Business can offer a safe and effective way to pay wages to their employees • Gift Certificate: HAITIPAY offers a convenient and secure way to give and spend gift certificates on the web or in stores. Specialties Mobile Money, ePayment solutions, M-Pos, eVouchers, Money Transfer

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

HAITIPAY S.A. is an Information Communication and Technologies (ICT) provides electronic payment services. It uses a payment platform that coverts any mobile phone into a secure electronic payment.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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HaitiPay S.A.

About

HAITIPAY S.A. is an Information Communication and Technologies (ICT) specialized in providing electronic payment services. HAITIPAY uses an innovative mobile payment platform that instantly transforms any mobile phone into a secure electronic means of payment. HAITIPAY’s technology is designed to meet the needs of developing countries that have no payment infrastructure but a very large deployment of mobile. We offer the following services: • Mobile Wallet: Anyone with a mobile phone, can easily and safely store, send and spend money using the mobile wallet • Purchase from a merchant: Customers can pay for their purchases with their phone at a store offering a way of proximity payments appropriate to retail. • Solutions Micro-finance: The beneficiary can collect the loan or use the money to make purchases directly using their mobile phone. • Electronic Commerce: With a few clicks, any holder of mobile phone can easily make online purchases safely. • Money Transfer: Easy money transfers to any cell phone: on the web, with an agent or on the road. The receiver can recover the cash or spend it directly from a store or on the web using her phone to complete the transaction. • Payroll disbursement: Business can offer a safe and effective way to pay wages to their employees • Gift Certificate: HAITIPAY offers a convenient and secure way to give and spend gift certificates on the web or in stores. Specialties Mobile Money, ePayment solutions, M-Pos, eVouchers, Money Transfer

Focus

PRODUCTS & SERVICES

HAITIPAY S.A. is an Information Communication and Technologies (ICT) specialized in providing electronic payment services. HAITIPAY uses an innovative mobile payment platform that instantly transforms any mobile phone into a secure electronic means of payment. HAITIPAY’s technology is designed to meet the needs of developing countries that have no payment infrastructure but a very large deployment of mobile. We offer the following services: • Mobile Wallet: Anyone with a mobile phone, can easily and safely store, send and spend money using the mobile wallet • Purchase from a merchant: Customers can pay for their purchases with their phone at a store offering a way of proximity payments appropriate to retail. • Solutions Micro-finance: The beneficiary can collect the loan or use the money to make purchases directly using their mobile phone. • Electronic Commerce: With a few clicks, any holder of mobile phone can easily make online purchases safely. • Money Transfer: Easy money transfers to any cell phone: on the web, with an agent or on the road. The receiver can recover the cash or spend it directly from a store or on the web using her phone to complete the transaction. • Payroll & Mass disbursements: Business can offer a safe and effective way to pay wages to their employees • Gift Certificate: HAITIPAY offers a convenient and secure way to give and spend gift certificates on the web or in stores. HaitiPay specialties are Mobile Money, ePayment solutions, M-Pos, eVouchers, Money Transfer.

REVENUE MODEL

Tranactions Fee Based

TOP PROBLEM SOLVED

Universal Mobile Payment Gateway API. Solving interoperability issues between mobile payment clients through a universal access transactionnal API

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Mobile Payment platform as a catalyst for internal electronic commerce and international remittance in Haiti

KEY DIFFERENTIATORS

Only Cross Border and universal Mobile Payment platform in Haiti

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

Customer facing

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Pascale ÉLIE

CTO: Rijkaard ORISME

Momentum

FUNDED

NO

TOTAL FUNDING:

$1 M

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Dec 2014 --- USD1 M at a USD5 Mvaluation

Comment on Valuation

8 x EBITA 2018