Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Wastemonie: Revolutionizing waste management and financial inclusion. Earn WMC for recycling, powering sustainable change.

01.01 Describe your startup in more detail

Wastemonie is an innovative platform addressing waste management and financial inclusion. Utilizing advanced technology like blockchain and AI, it offers a comprehensive solution to inefficient waste disposal and limited financial access. Through the Wastemonie app, users can track waste from collection to processing, ensuring transparency. Incentivizing participation, users earn Wastemonie Coins (WMC) for recycling efforts. Moreover, Wastemonie doubles as a banking platform, providing financial services to the unbanked in Nigeria. This integration empowers individuals, fostering economic growth and sustainability. The holistic approach of Wastemonie extends beyond individual users to encompass businesses and communities. Wastemonie collaborates with businesses, serves as a collection hub within host communities, and provides free access to our waste platform. Additionally, this further contributes to job creation and economic development.

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

Wastemonie addresses the pervasive issue of waste mismanagement in Nigeria. This problem encompasses various challenges, including inadequate recycling infrastructure, improper disposal practices leading to environmental pollution, and the socioeconomic impacts of waste on communities. By introducing innovative solutions and fostering a culture of environmental stewardship, Wastemonie aims to transform waste from a burden into an opportunity, thereby mitigating its adverse effects on public health, the environment, and the economy.

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

Wastemonie offers several key benefits: Environmental Impact: By incentivizing waste collection and recycling, Wastemonie promotes sustainable waste management practices, reducing environmental pollution and preserving natural resources. Financial Inclusion: Wastemonie provides banking services to the unbanked population in Nigeria, empowering individuals with access to secure and transparent financial transactions, thereby fostering economic inclusion and empowerment. Economic Opportunities: Through partnerships with businesses and the creation of waste startups, Wastemonie generates job opportunities and contributes to economic development within communities, ultimately improving livelihoods and promoting prosperity.

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

Wastemonie's services are aimed at serving a diverse range of beneficiaries: Individuals: Residents of communities where waste management is a challenge benefit by earning rewards for recycling, improving their economic well-being while contributing to a cleaner environment. Businesses: Partnering with businesses, Wastemonie provides waste collection services at no cost, helping them meet sustainability goals and reducing waste disposal expenses. Unbanked Population: Wastemonie offers financial services through its app, catering to the unbanked population in Nigeria, enabling secure and transparent transactions and promoting financial inclusion and empowerment.

01.05 When was your company established?

2023-11-05

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

3

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.)

Williams Jonah, the Chief marketing officer (CMO) at Utopia Crest Limited, is a results-driven Marketing Brand Manager with a BSc in Education Economics, a Professional Diploma in Advertising, and three years of experience. His strategic vision and tactical execution have steered brands to unprecedented growth. As a then Marketing Brand Manager at SO&U Limited, one of Africa's biggest Marketing advertising firms he executed campaigns translating into measurable business results. Williams excels in cross-functional teamwork, leveraging diverse marketing channels for a holistic approach. With exceptional communication skills and a keen understanding of the Nigerian market, he stands out in the world of advertising. An Alumni of the Brand Marketing Academy, Williams is committed to staying at the forefront of innovative marketing strategies, contributing significantly to brand success and growth.

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

https://www.linkedin.com/company/wastemonie/ https://www.instagram.com/wastemonie.ng?igsh=eDZuMnN2eXFleXph

01.11 Which industry best describes your project?

Other: Waste Management

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Wastemonie contributes to the Sustainable Development Goal (SDG) of No Poverty by providing financial inclusion opportunities to underserved populations, thereby helping to alleviate poverty. Through our platform, we offer banking services to the unbanked population in Nigeria, enabling secure and transparent financial transactions. By empowering individuals with access to basic financial services, such as the ability to earn rewards for recycling through Wastemonie Coins (WMC), we promote economic empowerment and enable individuals to generate income. This helps to lift people out of poverty by providing them with opportunities for financial stability and growth.

02.02.01 My startup contributes to the Zero hunger goal

1 - Strongly Disagree

02.02.02 Zero hunger - Justification for my startup

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

4

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

02.04.01 My startup contributes to the Quality education goal

1 - Strongly Disagree

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

6

02.06.02 Clean water and sanitation - Justification for my startup

While Wastemonie primarily focuses on waste management and financial inclusion, indirectly, it contributes to the Sustainable Development Goal (SDG) of Clean Water and Sanitation. By promoting sustainable waste management practices, Wastemonie helps reduce environmental pollution, including contamination of water sources from improperly disposed waste. This indirectly supports efforts to ensure access to clean water and sanitation by mitigating the negative impacts of pollution on water sources. Additionally, by incentivizing waste collection and recycling, Wastemonie encourages communities to adopt cleaner and more sustainable practices, which can further contribute to the preservation and protection of water resources.

02.07.01 My startup contributes to the Affordable and clean energy goal

4

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

Wastemonie contributes to the Sustainable Development Goal (SDG) of Decent Work and Economic Growth in several ways: Job Creation: By partnering with businesses and establishing waste startups, Wastemonie creates job opportunities within communities. These jobs range from waste collection and sorting to administrative and managerial positions, thereby contributing to economic growth and improving livelihoods. Economic Empowerment: Through our platform, individuals can earn rewards for participating in waste collection and recycling efforts. This provides an additional source of income for individuals and families, promoting economic empowerment and financial stability. Business Partnerships: Wastemonie collaborates with businesses to provide waste collection services at no cost, helping them meet sustainability goals and reduce waste disposal expenses. This partnership fosters economic growth by promoting sustainable business practices and reducing operational costs.

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

Wastemonie contributes to the Sustainable Development Goal (SDG) of Industry, Innovation, and Infrastructure through several key avenues: Technological Innovation: Wastemonie leverages advanced technologies such as blockchain, artificial intelligence, and data analytics to revolutionize waste management and financial inclusion. By integrating these technologies into our platform, we drive innovation in both sectors, leading to more efficient and effective solutions. Infrastructure Development: Through partnerships with businesses and the establishment of waste startups, Wastemonie contributes to the development of infrastructure for waste management. By providing collection hubs and access to waste collection services, we help build the necessary infrastructure to support sustainable waste management practices.

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

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Wastemonie contributes to the Sustainable Development Goal (SDG) of Sustainable Cities and Communities in the following ways: Waste Management: By incentivizing waste collection and recycling, Wastemonie helps reduce waste accumulation in urban areas, leading to cleaner and healthier cities. Our platform promotes responsible waste disposal practices, which contribute to the overall cleanliness and sustainability of communities. Environmental Preservation: Wastemonie's focus on sustainable waste management practices helps reduce environmental pollution and mitigate the negative impacts of waste on urban ecosystems. By promoting recycling and proper waste disposal, we contribute to the preservation of natural resources and the protection of biodiversity in urban areas Community Engagement: Wastemonie engages communities in environmental stewardship through participation in waste collection and recycling initiatives. By empowering individuals to take an active role in waste management

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

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Wastemonie significantly contributes to the Sustainable Development Goal (SDG) of Climate Action by addressing key aspects of environmental sustainability: Waste Reduction: By incentivizing waste collection and recycling, Wastemonie reduces the amount of waste sent to landfills or incinerated, thereby minimizing greenhouse gas emissions associated with waste decomposition and incineration. This directly supports efforts to mitigate climate change by reducing the carbon footprint of waste management practices. Resource Conservation: Through the promotion of recycling and sustainable waste management practices, Wastemonie conserves natural resources by diverting recyclable materials from the waste stream and facilitating their reuse in manufacturing processes. This reduces the need for virgin materials extraction, which is often associated with high energy consumption and greenhouse gas emissions

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

Wastemonie contributes to the Sustainable Development Goal (SDG) of Life on Land through its focus on sustainable waste management practices and environmental conservation: Habitat Protection: By promoting recycling and responsible waste disposal, Wastemonie helps protect natural habitats and ecosystems on land. By reducing the amount of waste sent to landfills or incinerated, we minimize the environmental impact of waste on terrestrial ecosystems, preserving biodiversity and supporting the health of wildlife populations. Soil Conservation: Wastemonie's emphasis on recycling and resource conservation helps reduce the need for virgin materials extraction, which can lead to soil degradation and habitat destruction. By diverting recyclable materials from the waste stream and facilitating their reuse in manufacturing processes, we contribute to the preservation of soil quality and fertility, supporting sustainable land use practices.

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

2

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

Wastemonie contributes to the Sustainable Development Goal (SDG) of Partnership for the Goals through various collaborative efforts: Business Partnerships: Wastemonie collaborates with businesses to provide waste collection services and promote sustainable practices. By partnering with local businesses, we leverage their resources and expertise to expand our reach and impact, fostering mutually beneficial relationships that contribute to our shared goals of environmental sustainability and economic development. Community Engagement: Wastemonie engages with local communities to raise awareness about waste management issues and promote recycling initiatives. By partnering with community organizations, schools, and grassroots initiatives, we mobilize community members to take action and participate in waste collection efforts, fostering a sense of ownership and collective responsibility for environmental stewardship.

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.

7 - Strongly Agree

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

5

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

6

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.

7 - Strongly Agree

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

2

06.08 Justification for my startup

Wastemonie introduces a groundbreaking approach to waste management and financial inclusion, making it a unique and innovative solution. Our platform represents a new type of service, leveraging advanced technologies like blockchain and AI to address pressing societal and environmental challenges. It stands as a novel technology-driven initiative that revolutionizes traditional waste management practices. While it extends from the concept of waste management services, its integration of financial inclusion features responds to a demand previously unmet in the market. Wastemonie fills a crucial gap by providing a comprehensive solution that combines waste management with banking services, offering a unique value proposition that sets it apart from existing products and services in the industry.

06.09 Competitive Analysis

In Nigeria, potential competitors for Wastemonie include waste management firms like Zoomlion, financial institutions such as Opay and Kuda, and startups like RecyclePoints, Ecobarter. However, Wastemonie stands out due to its unique integration of waste management and financial services. While Zoomlion focuses solely on waste collection and disposal, Opay and kuda primarily offer banking services, and RecyclePoints and eco barter concentrate on incentivized recycling without financial inclusion. Wastemonie's innovative approach combines these aspects, providing a comprehensive solution that addresses both environmental sustainability and financial inclusion, setting us apart from competitors.

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