The startup provides a financial technology platform that offers digital credit, payment processing, and financial management tools tailored for underserved entrepreneurs. This solution enables small businesses and informal retailers to access essential financial services, enhancing their operational efficiency and economic stability.
Funding
$670K 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 auto-entrepreneurs, TPEs, and SMEs, particularly women and young individuals in Africa, are excluded from traditional banking systems, limiting their access to essential financial services and hindering their economic growth. This lack of access creates barriers to funding projects, managing finances, and participating in the digital economy.
Solution
Proxalys is a digital neobank that provides financial inclusion and empowerment to African women entrepreneurs, auto-entrepreneurs, startups, and SMEs. The platform offers digital credit solutions to finance projects, interoperability with other digital wallets, mobile payment processing for online and in-person transactions, and local and international money transfers. By providing a digital wallet and a suite of financial tools, Proxalys simplifies financial management and promotes economic stability for underserved businesses.
Target Audience
The primary target audience includes African women entrepreneurs, auto-entrepreneurs, TPEs, SMEs, and startups who are typically excluded from traditional banking systems.
Features
- Digital credit for project financing
- Interoperability with other wallets on the market
- Mobile payment processing for merchants and online transactions
- Local and international money transfers
- Digital wallet application