Nigeria - Startup under 3 years old

Describe your project or startup in a few words

WaoCard is building an operating system that unifies Identity, Payment and Access into a single, secured platform, eliminating the need to issue or carry multiple cards

01.01 Describe your startup in more detail

WaoCard is an Operating System that securely unifies Identity, Payment and Access into a single and convenient platform, eliminating the need for issuing or carrying multiple cards

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

The problem we are solving are full and cluttered wallets, poor security of cards and wallets, and delay and declines often associated with traditional cards and wallets

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

Our product provides users with the ability to have: 1. An all-in-one card holder where they can keep all their cards and have access to all via one, single card 2. Seamless payment and avoiding transaction declines via our algorithm that facilitates seamless transactions 3. Through AI and multilayered security, users experience enhanced security of their wallets and cards

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

1. Smart phone users seeking simplicity and convenience in their wallets. 2. Businesses offering loyalty programs, gift cards, and alternative payment solution. 3. Institutions like universities seeking an all-in-one student ID and payment solution.

01.05 When was your company established?

2023-09-07

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

3

01.08 Among the other owners, how many are female?

0

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

We are a team of passionate individuals with expertise in Software development, Data science, and business development. The two members of the technical team Software developer have 8+ years experience in financial enterprise solution and software development. The Business Development Manager has about 10years in business growth, research, and emerging markets ecosystem. Our Lead Data Scientist is an ex First Bank Data Analyst with a Master's degree in AI and Data Science from the University of Hull, UK

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

https://waocard.co

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

4

02.01.02 No poverty - Justification for my startup

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

1 - Strongly Disagree

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

02.04.01 My startup contributes to the Quality education goal

6

02.04.02 Quality education - Justification for my startup

Our product aims to facilitate an educational environment that is secured and supports learning to all learners by providing them with ease-of-access and sustainable learning environment

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

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

6

02.07.02 Affordable and clean energy - Justification for my startup

By innovatively reducing the production of cards per person from 5 - 10 cards to one single card, we are achieving a zero carbon production for the environment

02.08.01 My startup contributes to the Decent work and economic growth

4

02.08.02 Decent work and economic growth - Justification for my startup

The product will employ the services of numerous agents who will serve as merchants across market verticals. This will serve as means of livelihood, employment and generation of income for these merchants

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

This product is a novel innovation that has capacity for growth and expansion. The result of this is a systemic development of the immediate tech ecosystem, and by adopting the delivery of access control systems and associated deployments of related services to this product, resilient infrastructures will be built across board especially in educational institutions

02.10.01 My startup contributes to the Reduced inequalities goal

3

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

3

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

6

02.13.02 Climate action - Justification for my startup

By reducing carbon production, this product will help to combat climate change and its adverse impacts on the society

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

4

02.17.02 Partnerships for the goal - Justification for my startup

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.

4

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

7 - Strongly Agree

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

7 - Strongly Agree

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.

1 - Strongly Disagree

06.08 Justification for my startup

The WaoCard product is an innovation that extends the versatility of already used NFC technology. We innovatively unify payment cards into identity cards (and business cards) into access control cards. This results to a novel all-in-one card solution that allows seamless multifunctionality of all the cards that were put together.

06.09 Competitive Analysis

Our main local competitors are Opay, Moniepoint, Piggyvest, NowNow, CowryWise and Palmpay. What stands us out from our competitors are that our competitors, - Don’t solve multiple payment, identity and reward cards together - Don’t provide discount and offers management - Don’t offer store cards - Don’t offer multiple use-cases

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

We organise and facilitate with partner institutions to help young femals who have entrepreneural mindset to explore and grow in their interests