This startup develops a fintech platform that facilitates secure cross-border transactions for underserved communities, enabling small businesses and individuals to conduct everyday financial activities with ease. By leveraging blockchain technology, the solution enhances transaction transparency and reduces fees, improving financial access and stability for its users.
Funding
$4.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals and small businesses in underserved communities face challenges in conducting cross-border transactions due to high fees, lack of transparency, and limited access to traditional financial services. This restricts their ability to participate in the global economy and manage their finances effectively.
Solution
Chaperone provides a mobile money platform, C-Pay, that facilitates secure and convenient digital payments for individuals and businesses, particularly in underserved communities. The platform offers services such as sending and receiving payments, bill payments, merchant payments, bulk payments, and payroll management. C-Pay also features a rewards program and enables users to top up their wallets directly from bank accounts using MasterCard or Visa. Businesses can integrate the C-Pay payment gateway into their websites or use the merchant portal for secure e-commerce transactions.
Target Audience
The primary target audience includes individuals and small businesses in underserved communities who require accessible and affordable digital payment solutions for everyday financial activities.
Features
- Mobile money platform (C-Pay) for sending and receiving payments, paying bills, and merchant transactions.
- Bulk payment functionality for scheduled, multiple payments to beneficiaries.
- C-Pay Rewards program for earning rewards on transactions.
- Card2Wallet feature for topping up C-Pay wallets directly from MasterCard or Visa cards.
- Nzame feature for sending free payment requests to other C-Pay members.
- POS (Point of Sale) system for printable transactions at C-Pay agent locations.
- Payroll management portal for businesses to distribute funds to employees.
- API Hub for integrating e-commerce websites with C-Pay for secure payment processing.
- Piece Job platform connecting customers and service providers with integrated chat, quotations, invoices, and project management tools.