Core Products & Services

1. Food & Grocery Delivery Network

• Multi-Vendor Marketplace: Curated selection of restaurants, grocery stores, and food vendors

• Real-time Order Management: End-to-end order tracking from placement to delivery

• Smart Routing: AI-powered delivery optimization for riders

• Quality Assurance: Vendor verification and customer rating systems

2. Blockchain-Powered Financial Services

• Stellar Wallet Integration: Native Stellar blockchain wallets for all users

• Multi-Asset Support: NGNC (Nigerian Naira Coin), USDC, and Stellar native token support

• Instant Settlements: Real-time payment processing through Stellar network

• Cross-Border Transactions: Seamless international payment capabilities

3. Digital Wallet & Payment Solutions

• Stellar Account Creation: Automated wallet generation for new users

• Asset Management: Support for multiple Stellar assets and trustlines

• Deposit & Withdrawal: Bank integration and card payment processing

• Transaction History: Comprehensive blockchain transaction tracking

4. Rider Network & Delivery Services

• Professional Rider Network: Verified and trained delivery partners

• Real-time Location Tracking: GPS-enabled delivery monitoring

• Performance Analytics: Rider performance metrics and earnings tracking

• Safety & Compliance: Document verification and insurance coverage

5. Vendor Management Platform

• Business Onboarding: Streamlined vendor registration and verification

• Inventory Management: Real-time product catalog management

• Analytics Dashboard: Sales performance and customer insights

• Payment Processing: Automated settlement and revenue tracking

VENDOR WEB APPLICATION

vendor test login : koxytest@gmail.com

password: password

CUSTOMER WEB APLICATION

ADMIN WEB APPLICATION

Maybe in the future, but not in this submission

$70.0K

Success Criteria & KPIs

1. Platform Performance Metrics

   • Order Volume: 100 orders (Month 1), 500 (Month 3), 2,000 (Month 6)

   • User Engagement: Daily Average Users – 500 (Month 6); Monthly Average Users – 2,000 (Month 6)

   • User Retention: 70% (Month 3), 80% (Month 6)

   • Delivery Efficiency: Avg. delivery time <30 min in urban areas; Order success rate >95% (Month 3)

2. Financial & Blockchain Metrics

   • Active Stellar Wallets: 1,000 (Month 3), 5,000 (Month 6)

   • Monthly Transaction Volume: $10,000 (Month 3), $100,000 (Month 6)

   • Cross-Border Transactions: 100 (Month 6)

   • Revenue: MRR – $5,000 (Month 3), $50,000 (Month 6)

   • Platform Take Rate: 15–20% on successful deliveries

3. Social Impact Metrics

   • Job Creation: 50 riders (Month 3), 200 riders (Month 6); 20 vendors (Month 3), 100 vendors (Month 6)

   • Average Rider Earnings: $200/month (Month 6)

   • Financial Access: 30% of user base from underbanked segment (Month 6); 80% of registered users with active Stellar wallets (Month 3)

4. Technical Performance Metrics

   • Platform Reliability: Uptime – 99.9% (Month 3); API response time <200ms for 95% of requests (Month 3)

   • Mobile Stability: Crash rate <1% (Month 6)

   • Security & Compliance: GDPR compliance (Month 3), Security audit (Month 4), PCI DSS certification (Month 5).

Go-To-Market Strategy (6 Months)

Phase 1: Foundation & MVP Launch (Months 1–2)

Target: Early adopters and tech-savvy users in Lagos, Nigeria.

Market Entry Strategy:

• Geographic Focus: Lagos (population: 14+ million).

• Target Segments: Young professionals (25–40), tech-savvy consumers, and Web2-first non-crypto users.

• Pilot Program: 50 vendors, 100 riders, 500 customers.

Launch Activities:

• Invite-only beta with 100 users.

• Onboard 10 established restaurants.

• Partner with local motorcycle delivery providers.

• Build community presence via social media and meetups.

Success Metrics:

• 100 registered users.

• 10 active vendors.

• 50 active riders.

• 100 completed orders.

Phase 2: Market Expansion & Validation (Months 3–4)

Target: Broader consumer base and expanded vendor network.

Expansion Strategy:

• Extend operations to Abuja and Port Harcourt.

• Add grocery stores, convenience stores, and specialty food shops.

• Introduce premium and scheduled delivery options.

• Form partnerships with local business associations and food industry groups.

Marketing & Acquisition:

• Digital marketing (Google Ads, Facebook, Instagram, X).

• Influencer partnerships with food bloggers & lifestyle creators.

• Referral programs for customers, vendors, and riders.

• Participation in local food festivals & networking events.

Success Metrics:

• 1,000 registered users.

• 50 active vendors.

• 150 active riders.

• 500 completed orders.

• $10,000 monthly transaction volume.

Phase 3: Scale & Market Leadership (Months 5–6)

Target: Strengthen market position in Nigeria & prepare for regional scale-up.

Scaling Strategy:

• Expand into Kano, Ibadan, and Enugu.

• Launch subscription models & loyalty programs.

• Integrate AI-powered recommendations & predictive analytics.

• Build partnerships with large-scale logistics providers.

Market Leadership Activities:

• National-level advertising campaigns.

• Seek industry recognition through awards & media features.

• Publish food delivery industry insights.

• Run corporate social responsibility programs in local communities.

Success Metrics:

• 5,000 registered users.

• 150 active vendors.

• 300 active riders.

• 2,000 completed orders.

• $100,000 monthly transaction volume.

• Recognized as a leading delivery platform in 3 major cities.

Customer Acquisition & Retention Strategy

Acquisition Channels:

• Digital Marketing – 40% of new users via search & social ads.

• Referral Program – 25% of new users via credits (customers) & commissions (vendors/riders).

• Partnership Marketing – 20% from collaborations with local businesses.

• Organic Growth – 15% via app store optimization, local SEO, and word-of-mouth.

Retention Strategy:

• Loyalty program with tiered rewards (Bronze → Platinum).

• AI-powered personalization for offers & recommendations.

• 24/7 in-app support & proactive problem-solving.

• Regular community events & feedback programs.

Vendor & Rider Engagement

Vendor Model:

• No upfront fees — pay commission per order.

• Access to analytics, marketing support, and operational tools.

Rider Model:

• Earn 20–30% above market rates.

• Flexible hours & performance bonuses.

• Insurance, training, and career development support.

Revenue Model

• Vendors: Commission on every order processed through the platform.

• Riders: Commission or small fee per completed delivery.

• Customers: very low service and delivery fee charges — they paid on listed food/delivery

Ambassadors & Volunteers Program

To accelerate adoption and ecosystem growth, we will launch the FastBuka Ambassadors & Volunteers Program.

Objectives:

• Drive vendor and rider onboarding in target cities.

• Educate users on how Stellar powers payments and transaction security.

• Create grassroots community awareness of FastBuka’s benefits.

Structure:

• City Ambassadors: Local representatives in each expansion city responsible for community outreach, vendor relations, and event organization.

• Campus Ambassadors: University students promoting FastBuka to younger, tech-savvy audiences.

• Volunteers: Assist with community events, social media amplification, and onboarding new riders/vendors.

Incentives:

• Performance-based bonuses in local currency or Stellar-based tokens.

• Exclusive branded merchandise.

• Leadership opportunities in regional expansion efforts.

Impact Goal:

By Month 6, our ambassadors and volunteers will directly contribute to:

• Onboarding 50% of new vendors and riders.

• Hosting 10+ community activation events across target cities.

• Bringing Stellar payments to thousands of first-time users.

Future Opportunity: White-Label Delivery Infrastructure

In later stages, we will offer a white-label version of our platform — including Stellar-powered payments — to local delivery businesses in other regions, enabling them to operate under their own brand but use our technology and payment rails. This creates an additional revenue stream without charging end customers.

• _ _

Risk Mitigation & Contingency Plans

Market Risks

Competition

• Competing with both traditional Web2 delivery platforms (e.g., Glovo, Jumia Food, Bolt Food) and emerging blockchain-based delivery solutions.

• Leverage first-mover advantage in blockchain-powered delivery within our target regions.

• Differentiate through instant Stellar-based settlements, lower vendor/rider fees, and improved earnings.

• Strengthen vendor and rider loyalty via faster payouts, better support, and community engagement.

• Maintain competitive edge through continuous innovation, localized features, and feedback-driven updates.

Regulatory Changes

• Legal team monitoring blockchain and digital payment regulations across African markets.

• Establish compliance partnerships with local regulatory bodies.

• Maintain flexible technical architecture to adapt quickly to changing legal requirements.

Economic Downturns

• Diversify revenue streams to reduce dependency on a single income source.

• Apply cost optimization measures to maintain operational efficiency.

• Introduce flexible vendor/rider pricing models during slow economic periods.

• _ _

Technical Risks

Blockchain Integration

• Dedicated Stellar blockchain development team to ensure stable integration.

• Maintain multiple fallback payment options in case of network issues.

• Ensure regular testing and monitoring of the payment infrastructure for high reliability.

Performance Scaling

• Utilize cloud-based infrastructure with auto-scaling capabilities.

• Implement proactive performance monitoring and optimization tools.

• Perform regular load testing and capacity planning before scaling to new regions.

Data Security

• Enforce end-to-end encryption for all transactions and communications.

• Maintain compliance with international data security and privacy standards.

• Regularly update systems to address emerging security threats.

• _ _

Operational Risks

Rider Shortage

• Maintain multiple rider recruitment channels, including ambassador-driven outreach.

• Offer competitive compensation packages and performance-based bonuses.

• Provide rider retention programs, safety training, and insurance benefits.

Vendor Churn

• Build strong vendor relationships through regular communication and dedicated support teams.

• Offer performance-based incentives, marketing support, and analytics tools.

• Continuously improve platform features to make vendor operations smoother and more profitable.

Customer Service

• Operate a multilingual support team to cover diverse regions.

• Provide 24/7 availability for issue resolution.

• Implement proactive issue resolution systems and feedback loops to improve service quality.

FastBuka is a vendor–customer–rider platform built on the Stellar blockchain, connecting local food vendors, delivery riders, and customers through seamless digital payments and Web3 tools. In recent months, we have expanded our network, tested and improved our product, onboarded hundreds of users through events, and actively engaged in the Stellar ecosystem. Below is a summary of our traction to date

1. We have successfully onboarded 6 vendors to the FastBuka application, with their data already integrated. An additional 20 vendors are actively waiting to join, as confirmed by our vendor group. [Link to evidence of vendor onboarding on Whatsapp] [ Link to waiting list form ]

2. We have users eagerly awaiting the launch of FastBuka 2.0. During the 1.0 beta launch, we received valuable feedback from both Web2 and Web3 users, which has been implemented to improve our designs and Ux [Feedback form for Beta test 1.0]. The updated UX is now live

3. FastBuka was a sponsor of the ASaba Food and Music Festival, where we successfully onboarded over 300 users to our community. [Link to the event]

4. Our founder, a Stellar West Africa ambassador, represented FastBuka at the ASaba Stellar Meetup, engaging with attendees and onboarding new users. [Link to the video on X]

5. Our co-founder, Koxy, a Stellar Delegate and West Africa Ambassador, also represented us at the recent Stellar West Africa Conference. She shared insights about building on Stellar, attracting enthusiastic new users ready to try out FastBuka. [Link to the video on X]

6. We currently have volunteers and ambassadors on the ground, ready to actively promote FastBuka across Nigeria once the app launches. [Link to volunteer/ambassador group or plan]

7. 85 Testnet Transaction for our new update on Stellar Blockchain via stellar.expert

MVP Validation – Tranche 1 (Month 1–2)

Budget: $23,333 USD

Technical Deliverables

• Implement and test user registration and authentication (users, vendors, riders)

• Enable basic order flow (browse, select, checkout, delivery request)

• Integrate Stellar wallet for payments

• Ensure core API endpoints are operational

Validation Criteria

• 100 beta users onboarded

• 20 vendors onboarded

• 10 riders onboarded

• 50 test orders completed successfully

• User satisfaction score ≥ 4.0/5

80% user retention after 30 days

Testnet Validation – Tranche 2 (Month 3–4)

Budget: $23,333 USD

Technical Deliverables

• Deploy all core features to Stellar testnet

• Meet defined performance benchmarks

• Address identified security vulnerabilities

• Complete user acceptance testing with users, vendors, and riders

Validation Criteria

• 500 users onboarded

• 50 vendors onboarded

• 25 riders onboarded

• 200 testnet orders completed successfully

• Vendor satisfaction score ≥ 4.5/5

• Rider satisfaction score ≥ 4.5/5

Mainnet Validation – Tranche 3 (Month 5–6)

Budget: $23,333 USD

Technical Deliverables

• Launch platform on Stellar mainnet

• Enable processing of real transactions

• Activate onboarding and support systems for all roles

• Implement performance monitoring and alerts

Validation Criteria

• 2,000 users onboarded

• 200 vendors onboarded

• 100 riders onboarded

• 1,000 orders completed successfully

• Monthly transaction volume > $50,000

• Customer satisfaction score ≥ 4.5/5

• Vendor satisfaction score ≥ 4.5/5

• Rider satisfaction score ≥ 4.5/5

Notes for SCF Alignment

• Roadmap is scoped for 6 months total.

• Deliverables focus solely on product development on Stellar, not marketing or user acquisition.

• Total budget is $70,000

Our core team has over 8 years combined experience in blockchain, fintech, and logistics software development, with multiple successful product launches in both Web2 and Web3.

• Chijioke Michael Ogbechie – Project manager. A certified product mananger, full stack digital markerer, Experiencial marketer both on the web2 and web3 space . NITDA certified, ALX Alumini, Stellar Ambassador

• Progress Ochuko Eyaadah – Blockchain engineer with years of experience building and scaling blockchain products.Co-led successful blockchain initiatives and actively contributes to the Stellar Ecosystem as a delegate and an ambassador.

• CHUKWUEMEKA ORJIANI - Financial Sector Expert & Blockchain Professional: Versatile Fullstack Developer with a strong track record of delivering innovative, scalable solutions and driving impactful digital transformations. Known for exceptional problem-solving skills, leadership, and a commitment to excellence in both independent and collaborative environments.

• Dedicated Stellar integration developers lead by our blockchain engineer already on standby to begin work immediately after funding.

We have previously delivered high-scale applications with payment integrations, real-time APIs, and strong security compliance. Our readiness ensures no onboarding delay—development begins as soon as funds are received.

EXTRA NOTE TO REVIEWERS: 👇🏼

To test Fastbuka Customer web app using Card funding option. Kindly use this dummy card data below:

Link to cards detail

Pin = 3310

OTP = 12345