Tusenti enables users to automate installment payments through transaction fees, eliminating the need for traditional credit or loans. Their platform facilitates flexible payments, allowing access to products and services without requiring large upfront sums. This approach makes purchases more affordable by leveraging micropayments embedded within transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods often require large upfront sums, making it difficult for individuals and businesses to afford essential goods and services. Transaction fees, a standard part of digital payments, provide no direct benefit to the payer.
Solution
Tusenti provides a mobile wallet that allows users to channel transaction charges from digital payments into installment payments for goods and services. The platform enables flexible payments by converting transaction charges into payments spread out over a defined period. This approach makes purchases more affordable by leveraging micropayments embedded within transactions, allowing users to own and utilize their transaction charges for various needs. Tusenti also enables businesses to accept transaction-based installment payments, increasing cash flow and accommodating customers who might not be able to afford products or services otherwise.
Target Audience
Tusenti targets individuals seeking flexible payment options and businesses aiming to increase sales by offering installment payment plans.
Features
- Mobile wallet that allows users to decide the amount charged for transactions.
- Option to channel transaction charges to make installment payments for goods and services.
- Ability to use transaction charges for school fees, rent, insurance, utility bills, shopping, and more.
- Platform for businesses to accept transaction-based installment payments.
- Increased cash flow for businesses by collecting payments every time customers transact.
- Sales boost for businesses by accommodating customers who cannot afford full upfront payments.