Zed offers a financial super app that simplifies digital transactions for individuals and businesses. It provides virtual USD debit cards for global e-commerce and enables instant conversion of airtime balances to cash, alongside cashback rewards and discounts on data plans and utility bills.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses often face challenges with cross-border transactions and managing digital assets, particularly when converting local airtime balances to cash or making international online purchases. The process of converting airtime to cash can be cumbersome, and accessing global e-commerce platforms often requires a USD-denominated payment instrument.
Solution
Zed provides a comprehensive financial super app designed to simplify digital transactions. The platform offers virtual USD-denominated debit cards, supporting both Visa and Mastercard networks, which enable seamless global online purchases with a high transaction success rate. For users with unused airtime, Zed facilitates instant conversion to cash, eliminating manual transfer complexities. Additionally, the app incentivizes user engagement through cashback rewards on airtime purchases and data plans, and offers savings on utility bill payments.
Target Audience
The primary users are individuals and small businesses seeking convenient digital payment solutions, particularly those needing to make international online purchases or convert local airtime balances into cash.
Features
- Virtual USD debit cards with selectable Visa or Mastercard networks for global e-commerce.
- High transaction success rate of 99.99% on virtual card payments.
- Instant conversion of airtime balances to cash with competitive percentage rates.
- Cashback rewards on airtime purchases and data plan subscriptions.
- Discounts of up to 60% on internet data plans.
- Utility bill payment functionality with instant cashback incentives.
- Gift card purchasing for online activities and gaming platforms.