Raseedi is a fintech app that enables users to make free calls over Wi-Fi or data within their Raseedi Circle while providing access to daily savings on telecom, food, and medical services. The platform offers advance credit for bill payments without paperwork and allows users to earn loyalty points that can be redeemed for recharges and payments.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals in emerging markets lack easy access to affordable communication and financial services. High costs for telecom services and limited access to credit create barriers to connectivity and economic participation.
Solution
Raseedi provides a mobile platform that combines free communication with access to savings and credit. Users within a Raseedi Circle can make free calls over Wi-Fi or data, reducing communication costs. The app also aggregates daily savings on telecom, food, and medical services, offering users discounts and promotions. Furthermore, Raseedi provides advance credit for bill payments without requiring extensive paperwork, streamlining access to financial services. A loyalty program allows users to earn points on calls, which can be redeemed for recharges and bill payments, incentivizing platform usage.
Target Audience
The primary target audience is underbanked individuals in emerging markets seeking affordable communication, savings, and access to credit.
Features
- Free calls over Wi-Fi or data to other Raseedi Circle members
- Aggregated daily savings on telecom, food, and medical services
- Advance credit for bill payments without paperwork
- Loyalty points earned on calls, redeemable for recharges and bill payments
- Dialer app with caller ID for over 100 million numbers
- Payment options via credit card or kiosks (Fawary, Masri, Aman)