WeCashUpGv

paymentspayment gateways

FOUNDING YEAR: 2015
LOCATION: France
Last Update: 01/05/2020

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About

WeCashUp is a panafrican Mobile Money gateway that enables digital companies to accept almost all the existing Mobile Money wallets from Africa through a single API. We also enable money transfer companies to push money from any source of funding to Mobile Money wallets in Africa.

MEDICI Analysis

WeCashUp is a mobile payment platform that enables ecommerce companies to accept all the existing mobile money payments solutions in Africa through a single API. It also allows users to shop online and offline and pay with their mobile reliably, securely and cost-effectively without a card or a bank account.

Focus

PRODUCTS & SERVICES

Mobile payment platform for eCommerce companies in Africa.

REVENUE MODEL

merchants pay monthly fees, providers pay transaction fees

PRIMARY PROBLEM SOLVED

We help digital companies to accept almost all the existing mobile money wallets on their website or apps across Africa

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights

Traction

TRANSACTIONS COMMENT:

We launched 1 month ago and merchants are integrating our API. 20 merchants are about to go live in few days.

ACTIVE USERS:

1300

People

FOUNDERS

Cedric ATANGANA

Kenneth KINYANJUI

Annicelle Reine Kungne

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Cedric Atangana(CEO)

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€1.5 M

USES OF FUNDS RAISED:

1. R&D

2. Marketing

3. Legal and partnerships

4. others

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 14 Jan, 2017

COMPETITORS:

Pesapal

BASICS

FOUNDING YEAR:

2015

LOCATION:

France

Views:

128 VISITORS | 179 VIEWS
TOTAL EMPLOYEES
11-50

About

WeCashUp is a panafrican Mobile Money gateway that enables digital companies to accept almost all the existing Mobile Money wallets from Africa through a single API. We also enable money transfer companies to push money from any source of funding to Mobile Money wallets in Africa.

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

WeCashUp is a mobile payment platform that enables ecommerce companies to accept all the existing mobile money payments solutions in Africa through a single API. It also allows users to shop online and offline and pay with their mobile reliably, securely and cost-effectively without a card or a bank account.

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

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WeCashUpGv

About

WeCashUp is a panafrican Mobile Money gateway that enables digital companies to accept almost all the existing Mobile Money wallets from Africa through a single API. We also enable money transfer companies to push money from any source of funding to Mobile Money wallets in Africa.

Focus

PRODUCTS & SERVICES

Panafrican Mobile Money gateway

REVENUE MODEL

merchants pay monthly fees, providers pay transaction fees

TOP PROBLEM SOLVED

We help digital companies to accept almost all the existing mobile money wallets on their website or apps across Africa

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

We launched on November 24th 2016 and we already have more than 1200 merchants registered on the platform

KEY DIFFERENTIATORS

We use Artificial Intelligence and Blockchain to process and secure transactions from many different providers of financial data (banks, mobile operators, microfinances etc)

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

STRATEGIC CLIENTS AND PARTNERSHIP

EXPRESS UNION : Customer

People

FOUNDERS

Cedric ATANGANA

Kenneth KINYANJUI

Annicelle Reine Kungne

KEY EMPLOYEES:

CEO, FOUNDER: Cedric ATANGANA

CTO, FOUNDER: Kenneth KINYANJUI

CMO: Annicelle KUNGNE

COO: Annicelle KUNGNE

CRO: Annicelle KUNGNE

employee: Cedric Atangana(CEO)

FOUNDER: Annicelle Reine Kungne

Momentum

FUNDED

NO

TOTAL FUNDING:

$200 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Dec 2016 --- EUR200 K at a EUR7.5 Mvaluation

Comment on Valuation

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