Togo - Startup de moins de 3 ans

Décrivez votre projet en quelques mots

PaySwap empowers farmers with products that provide access to credit, better agricultural inputs, and fairer crop prices.

01.01 Décrivez votre startup en détail

PaySwap offers a suite of products designed to empower farmers by providing them with access to credit, better agricultural inputs, and fairer prices for their crops. One such product is ValuePool, which allows farmers to establish an alternative credit score by participating in tontines—a common savings mechanism in many African countries. ValuePool ensures a safer and more transparent way for farmers to engage in tontines by recording every transaction on the blockchain. These transactions are then used to generate an alternative credit score for participating farmers. Once farmers' credit scores reach a certain threshold, they can apply for loans through Stakemarket, another PaySwap product. These loans are provided either by PaySwap or by individuals worldwide who trust farmers with proven track records in tontines. The CanCan marketplace product enables farmers to sell their crops directly to end users without intermediaries and suppliers to sell agricultural inputs to farmers.

01.02 Quel est le problème principal que vous essayez de résoudre ?

In Africa, a significant challenge faces 175 million smallholder farmers who struggle to access credit due to their lack of digital financial histories and collateral to secure loans. This issue is compounded by the difficulty lenders face in verifying customers, particularly in remote areas where formal identification is scarce. Even in more developed countries with centralized records, poor data quality necessitates costly verification processes, often outweighing potential revenues. Furthermore, these farmers encounter obstacles in obtaining fair prices for their crops, as middlemen typically claim a disproportionate share of profits. This imbalance affects buyers as well, who struggle with inconsistent supplies and limited visibility into crop delivery locations. Consequently, farmers find themselves caught in a cycle of poverty, unable to enhance crop yields due to cash flow constraints and receiving inadequate returns for their produce.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

The major benefit is that by having farmers conduct their tontines (which they already do in a non formal manner) on the blockchain, we can create a credit history on each farmer and compute a credit score which is essential in convincing any lender to lend money to the farmers. Getting access to funds is vital for smallholder farmers. Another main benefit is the ability for farmers to purchase agricultural inputs straight from the platform as well as sell their products to end users without intermediaries and directly from the platform's marketplace CanCan

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Our product is mainly targeted towards smallholder farmers who are often illiterate, and live in farms. They don't have bank accounts and no bank branches nearby.

01.05 Quand votre entreprise a-t-elle été créée ?

01/01/2024

01.06 Vendez-vous déjà votre produit/service ?

Non

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

1

01.08 Parmi les autres propriétaires, combien sont des femmes ?

1

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Tetevi Placide Ekon - CEO: Working in the blockchain industry writing smart contracts on EVM compatible blockchains for 4 years now - https://linkedin.com/in/tetevi-placide-ekon; Denyo Marcus Ekon - CTO: Worked for 4+ years as a software engineer for companies like Quonto and Google - https://linkedin.com/in/marcek Adjo Sika Djeni - Head of Marketing: Has a masters degree in Sociology and 4 years experience in sales

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://payswap.org/valuepools

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Services financiers

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

1 - pas du tout d'accord

02.01.02 Justification de la contribution de ma startup

The lack of financing, access to agricultural inputs, or the fact that they have to rely on intermediaries to sell their products puts smallholder farmers at a huge disadvantage since they often get very small margins on their products and are locked in a cycle of poverty. By providing access to credit, agricultural inputs and a direct access to end users, we help farmers break that poverty lock and start building their wealth.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

7 - tout à fait d'accord

02.02.02 Justification de la contribution de ma startup

By helping farmers produce more and sell directly to end users, we help increase to supply of food in the marketplace and if there is more supply, the price will decrease thus enabling more people to gain access to food. That is how PaySwap helps eradicate hunder

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

7 - tout à fait d'accord

02.03.02 Justification de la contribution de ma startup

Getting access to good food is essential for one well-being and in helping farmers produce good food, PaySwap helps further this goal as well

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

4

02.04.02 Justification de la contribution de ma startup

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

7 - tout à fait d'accord

02.05.02 Justification de la contribution de ma startup

By helping farmers male or female gain access to credit, PaySwap empowers women to be just as productive as men and thus furthering the goal of gender equality

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

5

02.06.02 Justification de la contribution de ma startup

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

4

02.07.02 Justification de la contribution de ma startup

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

A huge percentage of people in Africa as a whole work either directly on indirectly in agriculture. By helping farmers be more productive, PaySwap also helps put them in a position where they can employ more and more people and give them good salaries. This contributes to economic growth.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

4

02.09.02 Justification de la contribution de ma startup

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

Access to credit helps reduce inequalities at a societal level and by developing a new credit scoring system, PaySwap helps reduce inequalities. If our credit score proves effective for farmers, we can expand it to the general population and help everybody get access to credit.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

7 - tout à fait d'accord

02.11.02 Justification de la contribution de ma startup

By helping farmers produce more and better, PaySwap helps them provide the food that their communities and cities need and thus they will not have to import more food from abroad which can be damaging to the climate and the environment.

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

4

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

7 - tout à fait d'accord

02.13.02 Justification de la contribution de ma startup

PaySwap aims to at some point start educating farmers in sustainable practices for the environment. The more farmers rely on our platform for their credit needs, the more impactful we can be in that regard.

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de ma startup

We are currently mainly focused on farmers but might expand to the fishing industry in the future

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

5

02.15.02 Justification de la contribution de ma startup

We plan to at some point start educating farmers on sustainable practices for the environment and climate

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

1 - pas du tout d'accord

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

1 - pas du tout d'accord

02.17.02 Justification de la contribution de ma startup

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

2

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

1 - Pas du tout d'accord

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

2

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

6

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

6

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

6

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

2

06.08 Justification

06.09 Analyse compétitive

Our competitors are other companies trying to help small-holder farmers, companies such as Akaxobi, or Hiveonline even though we tend to view them more like allies than competitors and our offerings are not exactly similar.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?