StroWallet

About StroWallet

StroWallet provides a platform that enables direct bank transfers for businesses, allowing customers to make payments instantly without the need for intermediaries. The service includes features like virtual cards and bill payment options, streamlining the payment process and reducing the time businesses spend on collections.

```xml <problem> Many businesses, especially in emerging markets, face challenges with slow payment collections and high transaction fees when relying on traditional payment methods. Existing systems often involve intermediaries, leading to delays and increased costs for both the business and the customer. </problem> <solution> StroWallet offers a platform that facilitates direct bank transfers for businesses, enabling instant payments from customers' bank accounts. The platform eliminates intermediaries, reducing transaction times and fees. In addition to direct transfers, StroWallet provides features such as virtual cards for secure online transactions, bulk SMS capabilities, and a bill payment system, streamlining financial operations for businesses. The service aims to provide a comprehensive payment solution that simplifies the payment process and accelerates collections. </solution> <features> - Direct bank transfer functionality for instant payments - Virtual card issuance for secure online transactions - Bill payment processing for utilities and subscription services (DSTV, GOTV, Startimes, Showmax, electricity) - Online invoicing and payment solutions for businesses and freelancers - Developer API for integrating StroWallet services into existing platforms - Bulk SMS capabilities for notifications and marketing - USSD code (\*7006\*200#) for offline account management </features> <target_audience> The primary target audience includes businesses and freelancers seeking efficient and cost-effective payment solutions, particularly those operating in markets where direct bank transfers are prevalent. </target_audience> <revenue_model> StroWallet offers service plans with varying features and transaction volumes, designed to accommodate different business needs, with no setup fees, hidden fees, or contracts. </revenue_model> ```

What does StroWallet do?

StroWallet provides a platform that enables direct bank transfers for businesses, allowing customers to make payments instantly without the need for intermediaries. The service includes features like virtual cards and bill payment options, streamlining the payment process and reducing the time businesses spend on collections.

Where is StroWallet located?

StroWallet is based in Ngo, Nigeria.

When was StroWallet founded?

StroWallet was founded in 2022.

Location
Ngo, Nigeria
Founded
2022
0
Looking for specific startups?
Try our free semantic startup search

StroWallet

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

StroWallet provides a platform that enables direct bank transfers for businesses, allowing customers to make payments instantly without the need for intermediaries. The service includes features like virtual cards and bill payment options, streamlining the payment process and reducing the time businesses spend on collections.

strowallet.com
Founded 2022 – Ngo, Nigeria

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Company Description

Problem

Many businesses, especially in emerging markets, face challenges with slow payment collections and high transaction fees when relying on traditional payment methods. Existing systems often involve intermediaries, leading to delays and increased costs for both the business and the customer.

Solution

StroWallet offers a platform that facilitates direct bank transfers for businesses, enabling instant payments from customers' bank accounts. The platform eliminates intermediaries, reducing transaction times and fees. In addition to direct transfers, StroWallet provides features such as virtual cards for secure online transactions, bulk SMS capabilities, and a bill payment system, streamlining financial operations for businesses. The service aims to provide a comprehensive payment solution that simplifies the payment process and accelerates collections.

Features

Direct bank transfer functionality for instant payments

Virtual card issuance for secure online transactions

Bill payment processing for utilities and subscription services (DSTV, GOTV, Startimes, Showmax, electricity)

Online invoicing and payment solutions for businesses and freelancers

Developer API for integrating StroWallet services into existing platforms

Bulk SMS capabilities for notifications and marketing

USSD code (\*7006\*200#) for offline account management

Target Audience

The primary target audience includes businesses and freelancers seeking efficient and cost-effective payment solutions, particularly those operating in markets where direct bank transfers are prevalent.

Revenue Model

StroWallet offers service plans with varying features and transaction volumes, designed to accommodate different business needs, with no setup fees, hidden fees, or contracts.