Cameroon - Startup under 3 years old

Describe your project or startup in a few words

Drimzwallet is a fintech app that leverages the best technology for secure transactions and offers insights for personalized financial management to its users, by offering services such as Mobile payments, Niangi Management, Savings Accts, Invoicing etc.

01.01 Describe your startup in more detail

Drimzwallet is a financial solution that aims at facilitating financial transactions from peer to peer, peer to shops, and supermarkets, offering savings capabilities, offering Njangi management tools to financial meetings, Meeting the needs of SMEs like creating invoices, mass payments, payment of bills such as (Eneo, Camwater, Camtel, Canal +, Insurance, etc) and in the future; cryptocurrency and banking transactions. Also, With this solution, we aim at targeting the unbanked, the underserved, SMEs, by offering them comprehensive solutions that meet their needs and solve their most immediate problems such as high fees during transactions, poor inter-connection to payment platforms for their payments, problems of change to individuals who buy from retail shops and supermarkets or even those who pay for taxi fares etc. Also, we are a software company with many other software solutions in our pipelines.

01.02 What is the main problem you are trying to solve?

- High transaction rates on transactions between users of the same platform - There is hardly any change in retail shops, supermarkets, etc after purchases are made, hence users lose funds. - Long and complex procedures while doing mobile transfers, causing cues at supermarkets and other retail environment. - No transparency in Njangi groups since all work is done manually and on paper, which often gets missing and manipulated. - Njangi groups have no access to real-time data or accuracy in case absent from the meetings. - Njangi members most times get fined for missing njangi payments, due to no reminders on dates, but with our automated system this won't be an issue. - Njangi members always suffer from fraudulent activities from the management team since all work is manual and can be manipulated as well as delayed information. - Njangi members as well as admins find it difficult to manage multiple njangi groups at an instance. - Loss of money and goods while doing online shopping

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

- All-in-one Money Management system. - Users gain points while they use the app on their day-to-day usage. - Users can directly report a fraudulent transaction and it gets suspended instantly. - Fast & reliable transactions with little or no errors. - Short & easy payment steps, with scan & pay method. - Users no longer have to be forced to pay for items at supermarkets they don’t want due to no change. - Automatic & effortless Savings system, helping users reach their saving goals. - Automatic Njangi payments for busy users & Management. - Payment Reminders on Njangi, users don’t have to fail payments and get finded no longer. - Njangi users can manage multiple Njangi instances with little or no effort. - Njangi users can have access to stats wherever and whenever. - With our Web Business Suit, SMEs can manage their transactions and their entire business.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

- The Unbanked individuals -The underbanked individuals, - Small and Medium-sized Enterprises - Remittance users - Students - Supermarkets - Hospitals - Transport sectors eg Taxi drivers, bike riders, etc -

01.05 When was your company established?

2022-02-21

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

10

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Che Wenong, he is an agile dedicated young energetic man, he is a software engineer specialized in system testing and analysis, UI and UX design.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

01.11 Which industry best describes your project?

g) Financial services

02.01.01 My startup contributes to the No poverty goal

5

02.01.02 No poverty - Justification for my startup

We offer jobs and training programs as we offer financial education workshops, and online tutorials on how-to’s. All of it done by individuals who are getting paid.

02.02.01 My startup contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

3

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

2

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification for my startup

We take part in providing Financial inclusion, Economic empowerment, and financial literacy by creating workshops for training and educating our users about finance to help them better manage and make proper financial decisions for themselves.

02.09.01 My startup contributes to the Industry innovation and infrastructure

5

02.09.02 Industry innovation and infrastructure - Justification for my startup

With our robust system and high usage of advanced technological tools, we do think in due time we would be come a pioneer in the industry of tech.

02.10.01 My startup contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

3

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Without partnership no one goes anywhere, so we are currently in negotiation with a lot of SMEs as well as some government platforms for the betterment of the common users, with this we would be able to reach a huge base and attain our objective of serving the underserved as well as the unbanked.

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

5

06.02 The product/service represents an entirely new type of product/service.

4

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

3

06.05 The product/service could be described as an extension of a range of products or services.

3

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

3

06.07 The product/service is a new version of an old product/service.

3

06.08 Justification for my startup

Our competitors lack a couple of things which don't classify their products as innovative enough or solve the real problems of the clients

06.09 Competitive Analysis

MTN and Orange We can stand out from our competitors simply because we offer more and we solve more real issues the users of their solutions as suffering and complaining about for years, below is a list of special features put together we are offering - More user-friendly environment - The idea of Digitalising njangi to suit the real life scenario - Easy access to reports most especially to business owners - Access to our online platform most especially to business owners - Cheaper transaction rates - Fund request and payment links another means of transaction - Invoice generation - Dismissal of the sailing of codes to make transfer replaced with scan to pay - Instant attention to reported transactions - Customer service is unlike any other users will ever see - capable of handling thousands of transactions with little or no glitch

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Not Yet