Namibia - Startup under 3 years old

Describe your project or startup in a few words

Mobitrek is a platform people can use to send Money , Withdraw cash or deposit cash from any of our agents with just a bank card and apply for loans via our platform and the app will also assist you become finanially literate by analyizing ur bank statem

01.01 Describe your startup in more detail

Relentless financial Solutions is a startup that deals in the Fintech Square . currently we run a cashloan but we in the process of building our App named Mobitrek that will assist people to deposit , withdraw if no Bank ATM present . this platform is not Bank depended but just requires the user to have bank card .

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

Access to Financial Services . Example towns in Namibia Like Khorixas does not have an FNB ATM, Bank WHK ATM or branches so if you need to withdraw cash or deposit , you need to drive 50km to the nearest ATM . Alot ATM's at Night are targeted by criminals and alot ATM's dont have security guards at night for safety . help people spend money more wisely through our financial literate section on app if they set financial goals.

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

Our platform will help you get cash or deposit your cash into your bank account instantly n it does not matter what bank account you use Our platform will assist you if you have financial goals by analyzing your bank statement with simple questions and advising how to reach financial Goals. Security - All our Agents will have security no mater the time of day . 24hrs Security .

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

Our startup is aiming to serve anyone that needs additional banking services where traditional banking services is an hinderious

01.05 When was your company established?

2022-11-16

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

2

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.)

My Co-founder Studied Markting at the University of Science and Technology of Namibia , She also busy with her Masters at the same University . She also has her own campany named Laverne Sanitary Pads .

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

https://www.facebook.com/profile.php?id=100087318914792

01.11 Which industry best describes your project?

g) Financial services

02.01.01 My startup contributes to the No poverty goal

1 - Strongly Disagree

02.01.02 No poverty - Justification for my startup

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

3

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

3

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

2

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

2

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

our system that enables cash withdrawel helps in the circulation of money within local economies, leading to the growth of local markets and businesses. Increased Access to Banking Services: Cash withdrawal systems provide access to financial services, especially in rural and underserved areas. This helps individuals who might not otherwise have access to banking facilities. Supporting Small Businesses Operational Efficiency: Small businesses benefit from having cash readily available for day-to-day operations, such as paying supplies and products Ready access to cash increases consumers' purchasing power, leading to higher consumer spending, which drives demand for goods and services.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Our services will assist people get money out of their bank accounts to spend on needed goods like food , pay vendors and more . and allow people with cash to deposit their cash into their account to do online purchases or payments if ATMs not availible or branches closed for deposit .

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

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Withdrawal/depositing systems increase access to banking services for people in remote and rural areas who previously had limited or no access to financial institutions. Financial inclusion allows more people to save money, invest in businesses, and access credit, which stimulates economic activity and growth Easy access to cash and digital funds encourages consumer spending. When people can easily withdraw money, they are more likely to spend it on goods and services, which boosts demand and drives economic growth. Withdrawal systems provide SMEs with better access to their funds, enabling them to manage cash flow more effectively. This access is crucial for daily operations, investments in new technologies, and expanding business activities, all of which contribute to economic growth. Withdrawal systems, particularly mobile money and online banking, make it easier for people to send and receive remittances. Remittances are a vital source of income for many households in developing

02.13.01 My startup contributes to the Climate action goal

3

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

2

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

3

02.15.02 Life on land - Justification for my startup

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

3

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

Cash withdrawal or deposting systems, by facilitating controlled spending, supporting local economies, and promoting financial inclusion, play a vital role in fostering responsible consumption and production. These systems encourage individuals to manage their finances better, support sustainable local businesses, and promote transparency and sustainability in production practices. Through these mechanisms, cash withdrawal/Depositing systems contribute to the broader goals of economic stability, community development, and environmental sustainability.

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

2

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

5

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

6

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.

5

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

5

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

4

06.08 Justification for my startup

06.09 Competitive Analysis

At the moment my only competitors are Banks in Namibia, or paytoday but they are limited in what we want to offer .

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

Yes , I intentionally made sure my co-founder should be female so we compliment each other as male n females think different