Nigeria - Startup under 3 years old

Describe your project or startup in a few words

MoneeShare is an SMS based service which is aimed at solving the problems of financial exclusion, cash dependency, and connectivity constraints when it comes to making transfers,

01.01 Describe your startup in more detail

MoneeShare redefines financial inclusivity with its user-friendly transfer platform, prioritizing rural communities and overcoming connectivity hurdles. Cash reliance, financial exclusion, and connectivity barriers hinder transactions nationwide. MoneeShare addresses these challenges, ensuring universal accessibility and ease in transfers. Our intuitive app streamlines transfers by eliminating complex registrations and enabling users to initiate transactions with a simple "Mshare" message. By leveraging mobile texts, we ensure reliability without relying on Wi-Fi or data.Our dedicated team is unmatched in passion and determination to realize this vision, driven by a shared understanding of the problem and a commitment to solving it.

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

Financial Exclusion especially for local entrepreneurs, people that are not tech savvy, and those with no access to banks. Cash reliance we are trying to improve the digital economy. And Connectivity constraints we encounter when trying to make transfers.

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

1. it is fostering financial independence for entrepreneurs. 2. Making transfers and paying utility bills easy 3. Financial inclusion for all

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

Financially excluded population

01.05 When was your company established?

2023-12-01

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.)

High school graduate with tech skills and mangerial experience

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?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

6

02.01.02 No poverty - Justification for my startup

We are trying to make finance accessible to all including the poor

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

2

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

3

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

We are providing financial services to those who would not normally get

02.09.01 My startup contributes to the Industry innovation and infrastructure

2

02.09.02 Industry innovation and infrastructure - Justification for my startup

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

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

3

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

4

02.13.02 Climate action - Justification for my startup

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

2

02.15.02 Life on land - Justification for my startup

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

2

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.

3

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.

2

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

4

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.

4

06.08 Justification for my startup

06.09 Competitive Analysis

Other fintechs, we stand out because we are not offering the same thing. We are an intermediary for transfers

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

I helped organize a girls tech bootcamp which aimed to help women be tech savvy