Nigeria - Startup under 3 years old

Décrivez votre projet en quelques mots

Paystride is a centralized checkout system for high-foot traffic businesses to seamlessly handle payments at scale, eliminating checkout hassles, accounting inadequacies and gathering real-time shopping data to make better informed business decisions.

01.01 Décrivez votre startup en détail

High foot traffic businesses in Nigeria today rely on inefficient and slow checkout processes, wasting time, lacking data insights, and complicating accurate accounting. Paystride streamlines these operations by centralizing transfer payments, POS transactions, and on-shelf scan-to-pay checkouts, providing a fast, data-driven, and easily accountable solution.

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

Inefficiency in Checkout Processes: Traditional checkout methods are slow and cumbersome, leading to long wait times for customers and reduced throughput for businesses.

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).

1. Businesses can process payments and monitor (bank transfer, POS, and online checkout) all in one dashboard 2. Shoppers can seamlessly checkout in seconds instead of waiting long standing in queues. 3. Businesses are able to properly manage accounting and payment notifications seamlessly 4. Shoppers can easily order from a store's inventory from home and get it delivered. 5. Businesses have access to real time shopping data from buyers preferences inorder to make better data-driven business decisions.

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

Businesses with high foot traffic like malls, supermarkets, hyperstores etc find it difficult scaling payments collection, and due to large number of shoppers, there are regular long queues at checkout. Paystride empowers them to solve these problems and more.

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

13/10/2023

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 ?

2

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

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

Background: frontend and backend engineer. Key skills: react , Vue, laravel. Experience and expertise: 6+ years as a software engineer

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://paystride.co

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'

4

02.01.02 Justification de la contribution de ma startup

paystride helps businesses increase efficiency which helps high foot traffic businesses thrive this results to New Employment Opportunities: As businesses grow due to increased efficiency and profitability, they create new job opportunities. This can help reduce unemployment and provide stable income sources for more people, contributing directly to poverty alleviation. Sustaining Existing Jobs: By enhancing business resilience and sustainability, Paystride helps protect existing jobs from being lost due to business closures or financial instability. This stability is crucial in regions where job loss can have a severe impact on poverty levels.

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

Job Creation and Income Stability: As Paystride helps businesses grow and become more efficient, it creates job opportunities and stabilizes incomes. With more stable employment and income sources, households can afford better nutrition and invest in sustainable agricultural practices.

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

Shopping is a vital human experience, here in Nigeria, our shopping experience can be really improved from what we have dominantly today, we have to wait in queues to checkout at malls, fuel stations, supermarkets, etc just to get access to what we want. Solving this challenge I believe increases good health and well being to a great extent.

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

2

02.04.02 Justification de la contribution de ma startup

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

1 - pas du tout d'accord

02.05.02 Justification de la contribution de ma startup

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

2

02.06.02 Justification de la contribution de ma startup

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

2

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

Paystride contributes immensely to decent work and economic growth in the following ways. Enhanced Productivity: Paystride streamlines checkout processes by centralizing transfer payments, POS transactions, and on-shelf scan-to-pay checkouts. This reduces customer wait times and operational bottlenecks, allowing businesses to serve more customers efficiently and improve overall productivity. Better Resource Management: By automating and integrating various payment methods, businesses can reduce reliance on excessive manpower for managing transactions, leading to more effective allocation and utilization of human resources. Informed Business Strategies: Paystride provides businesses with valuable insights into sales and customer behavior. This data enables businesses to make informed decisions, optimize inventory, and tailor their services to better meet customer needs. Market Analysis: With access to comprehensive sales data, high-foot traffic busineses can analyze market trends, i

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

7 - tout à fait d'accord

02.09.02 Justification de la contribution de ma startup

Technological Advancement: By integrating transfer payments, POS systems, and on-shelf scan-to-pay options into a single platform, Paystride leverages cutting-edge technology to streamline the checkout process. This innovation reduces transaction times and enhances the overall efficiency of business operations. Data-Driven Decision Making: Paystride’s system provides businesses with valuable data analytics and insights. This information can be used to track sales trends, understand customer behavior, and make informed decisions. Such data-driven strategies foster innovation by enabling businesses to adapt quickly to market demands and optimize their operations. Enhanced Customer Experience: The platform’s ability to speed up checkout processes and offer multiple payment options improves the customer experience. This innovation not only attracts more customers but also fosters loyalty, driving growth and competitiveness in the retail industry.

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

By employing both genders at nearly same representation, and not discriminating in any form we make sure that there is equality it is deepened into our company's core value. Moreso, Paystride supports women-owned businesses by providing them with the tools they need to succeed.

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

Enhanced Efficiency and Reduced Wait Times: By streamlining checkout processes, Paystride reduces wait times and improves the customer experience, making high-traffic businesses more efficient and enjoyable to visit. Data-Driven Decision Making: The data insights provided by Paystride enable businesses to optimize their operations, reduce waste, and better meet the needs of their customers, contributing to more sustainable business practices. Improved Financial Management Simplified and accurate accounting helps businesses to better manage their finances, ensuring their long-term viability and stability, which is crucial for the sustainability of communities.

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

7 - tout à fait d'accord

02.12.02 Justification de la contribution de ma startup

Paystride contributes to responsible consumption and production in several ways: Reduction in Paper Use: By centralizing digital payments and electronic receipts, Paystride reduces the need for paper-based transactions and receipts, contributing to lower paper waste. Efficient Resource Management: With streamlined checkout processes and real-time data insights, businesses can better manage inventory, reducing overstocking and minimizing waste from unsold goods. Energy Savings: Efficient checkout systems reduce the time customers and employees spend in stores, potentially lowering energy consumption related to lighting, heating, or cooling in retail environments. Data-Driven Decisions: Access to comprehensive data allows businesses to make more informed decisions about product ordering and stock levels, aligning supply more closely with actual demand and reducing excess production. Encouraging Sustainable Practices: By providing insights into customer preferences.

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

4

02.13.02 Justification de la contribution de ma startup

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

2

02.14.02 Justification de la contribution de ma startup

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

2

02.15.02 Justification de la contribution de ma startup

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

7 - tout à fait d'accord

02.16.02 Justification de la contribution de ma startup

Paystride contributes to the United Nations Sustainable Development Goal 16: Peace, Justice, and Strong Institutions in several ways: Promoting Transparency and Accountability: By centralizing and digitizing payments, Paystride creates a transparent record of all transactions. This reduces the potential for fraud and corruption, ensuring that businesses operate with integrity and accountability. Strengthening Economic Institutions: Efficient and reliable payment systems are crucial for the stability and growth of economic institutions. Paystride supports this by providing businesses with the tools they need to manage their financial transactions effectively, thereby contributing to a more robust economic infrastructure. Facilitating Legal and Ethical Business Practices: By simplifying accounting and ensuring accurate transaction records, Paystride helps businesses comply with financial regulations and legal requirements.

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

7 - tout à fait d'accord

02.17.02 Justification de la contribution de ma startup

Paystride contributes to "Partnerships for the Goals" (SDG 17) in several meaningful ways: Collaboration with Local Businesses: By partnering with high foot traffic businesses, Paystride helps improve their operational efficiency and data management. This collaboration fosters stronger business networks and enhances local economic development. Integration with Financial Institutions: Paystride's solution integrates various payment methods, including POS systems and bank transfers, promoting collaboration between financial institutions and businesses. This integration supports a more inclusive and efficient financial ecosystem. Data Sharing and Analytics: Paystride provides businesses with valuable data insights, enabling better decision-making and strategic planning. By sharing anonymized data trends and analytics, businesses can collectively improve their strategies and drive industry-wide improvements.

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

5

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

4

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

7 - Tout à fait d'accord

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

7 - Tout à fait d'accord

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

5

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

2

06.08 Justification

Paystride as an innovative solution and stands with Unified Payment Processing: Paystride integrates various payment methods, including transfer payments, POS transactions, and on-shelf scan-to-pay options, into a single platform. This centralization simplifies transactions, reduces operational complexity, and provides a seamless checkout experience for customers.

06.09 Analyse compétitive

Paystride's main potential competitors in the Nigerian market and globally include established payment processing platforms and POS system providers. These competitors may include companies like Paystack, Interswitch, Jumpnpass, Pooler, and traditional POS providers. Here's how Paystride stands out from these competitors: Competitors: Many competitors offer fragmented payment solutions, requiring businesses to manage multiple systems for different payment methods. Paystride: Provides a unified platform that integrates transfer payments, POS transactions, and on-shelf scan-to-pay options. This centralization simplifies operations and enhances the user experience.

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