RendBit is a Stellar-powered cross-border banking payment platform designed to make moving money across African borders fast, affordable, and compliant. Leveraging SEPs 31, 24, 12, and 10, RendBit delivers regulated, transparent, and seamless financial services.

OUR FEATURES:

Cross-Border Payments

Enable fast, low-cost international transfers directly to bank accounts and mobile wallets.

• Stellar SEP-31 & SEP-12: Regulated cross-border transfers with KYC compliance.

• Impact: Secure, instant payments without intermediaries, expanding financial inclusion.

Custodial Wallets

Managed wallets hosted by RendBit simplify user onboarding and custody.

• Stellar Account Management & SEP-10

• Impact: Non-technical users securely access cross-border payments without managing private keys.

User Verification Badges

KYC-verified users receive badges linked to their Stellar account metadata.

• Stellar SEP-12

• Impact: Builds trust and ensures compliance across payment flows.

Payment Requests via Link or QR Code

Generate payment requests using links or QR codes with pre-authorized Stellar transactions.

• Stellar SEP-10

• Impact: Simplifies payment collection for individuals and businesses.

QR Code-Based Payments

Accept payments in-person or online via secure Stellar-encoded QR codes.

• Stellar Public Keys & Transaction Data Encoding

• Impact: Enables contactless, error-free transactions.

Personalized Dashboards & Analytics

Access real-time transaction data and insights pulled directly from the Stellar ledger.

• Horizon API

• Impact: Empowers users with transparent financial tracking.

Multi-Language Support

Offers interface support for major African and international languages.

• Impact: Widens accessibility and usability.

Scheduled or Recurring Payments

Automate periodic cross-border payments and savings with pre-signed Stellar transactions.

• Stellar SEP-10

• Impact: Facilitates reliable remittances and financial planning.

AI-Powered Automated Savings

AI-driven savings allocate funds into stable coins issued on Stellar for value preservation.

• Stellar SEP-24

• Impact: Protects savings against inflation through stable digital assets.

Multi-Signature Wallet Support

Require multiple approvals for wallet transactions for enhanced security.

• Stellar Native Multi-sig

• Impact: Adds control and fraud protection for shared or business accounts.

Loyalty & Referral Rewards Program

Distribute custom Stellar tokens to incentivize user engagement and growth.

• Stellar Token Issuance & Trustlines

• Impact: Drives platform adoption and network effects.

USSD-Initiated Payments

Enable payments via USSD menus for users without smartphones or internet access.

• Stellar Backend Integration

• Impact: Expands financial access to underserved and offline populations.

Mobile Web Interface

Universal access through responsive web design and app support.

• Impact: Seamless use across devices and operating systems.

Wallet Recovery Options

Secure, user-friendly wallet recovery through session metadata and SEP-10 authentication.

• Stellar SEP-10

• Impact: Reduces user friction from lost devices or credentials.

Currency & Token Swap

Instantly swap between fiat currencies and stable coins on Stellar’s decentralized exchange.

• Stellar On-Chain DEX

• Impact: Provides liquidity and flexibility for cross-border currency needs.

Multi-factor Authentication

Enhances login and transaction security using SEP-10 with additional 2FA layers.

• Stellar SEP-10 + 2FA

• Impact: Protects user accounts from unauthorized access.

Customer Support System

Real-time issue resolution via chatbot or ticketing systems.

• Impact: Improves user experience and trust.

Multi-Currency Support

Supports multiple fiat currencies including NGN, GHS, KES through Stellar anchors.

• Stellar SEP-31 and SEP-24 Anchors

• Impact: Enables native handling of diverse currencies for cross-border flows.

Realtime Notifications

Push and email alerts for transaction updates via Horizon event subscriptions.

• Horizon Event Listeners

• Impact: Keeps users informed and engaged.

Internal Transfers via RendBit ID

User-to-user transfers within the platform using Stellar’s federation protocol.

• Stellar Federation Protocol

• Impact: Simplifies transfers without needing full public keys.

Fraud & Suspicious Activity Detection

Monitors ledger activity and KYC data to detect and prevent fraud.

• Ledger Analytics + SEP-12 KYC Metadata

• Impact: Protects platform integrity and user funds.

International Bank Accounts

Direct payouts to recipient banks worldwide integrated through SEP-31.

• Stellar SEP-31

• Impact: Completes the cross-border payment cycle with local bank delivery.

Maybe in the future, but not in this submission

$120.0K

Success and impact for this project will be demonstrated by:

• Reaching 100,000 active users within the first 3 months after the mainnet launch, showing strong adoption and platform trust.

• Enabling over 500,000 cross-border transactions with low fees and fast processing times, proving that the system works efficiently at scale.

• Achieving more than 50,000 mobile app downloads on both Google Play Store and Apple App Store, with high retention rates indicating a smooth and user-friendly experience.

• Supporting multi-currency payments across at least five major currencies, allowing users in multiple countries to transact seamlessly.

• Providing fast, reliable customer support, with over 90% of user inquiries resolved within 24 hours through AI and human agents.

• Maintaining a high fraud detection success rate (over 95%), protecting users and building trust.

The impact of these achievements will be:

• Expanding financial access by making affordable cross-border payments available to individuals and small businesses in underserved markets.

• Empowering local economies by enabling faster, cheaper, and more secure financial transactions that support business growth and new market entry.

• Increasing trust and security in digital financial services, encouraging wider adoption and long-term usage.

• Driving technology adoption by introducing advanced features like AI-powered savings and multi-signature wallets, raising the standard for user financial management.

• Creating jobs and building skills within the local tech and support teams, contributing to economic development.

• Ensuring inclusivity and sustainability through multi-language support and progressive web app design, making the platform accessible to diverse user groups.

Target Audience Focus

Our primary focus will be on local traders, small and medium enterprises (SMEs), freelancers, and individuals in emerging markets who require efficient cross-border payment solutions. Key regions include Nigeria, Ghana, Kenya, and similar markets where users face challenges with traditional banking systems.

Local Agent Network

We will establish a network of local agents in target markets to facilitate user onboarding and education. These agents will:

- Provide hands-on assistance to new users

- Demonstrate platform functionality through real-world examples

- Build trust within local communities

- Serve as direct points of contact for support and feedback

Community-Driven Engagement

- Host local workshops and meetups to demonstrate platform capabilities

- Partner with community influencers and business leaders

- Collaborate with local business associations and incubators

- Create authentic grassroots momentum through direct engagement

Digital Presence & Awareness

- Multi-platform social media campaign tailored to regional preferences

- Educational content showcasing user benefits and success stories

- Micro-influencer partnerships for authentic product advocacy

- Dedicated online communities for user support and interaction

Targeted User Acquisition

- Geo-specific advertising addressing regional payment pain points

- Search engine marketing targeting relevant financial queries

- Referral programs with incentives for early adopters

- Retargeting campaigns to convert interested visitors

Seamless Onboarding Experience

- Mobile-first onboarding with intuitive authentication

- Step-by-step tutorials and guidance

- Local agent support during initial setup

- Referral incentives for new user invitations

Comprehensive Support System

- AI-powered assistance for common inquiries

- Human support team for complex issues

- Ongoing educational resources and materials

- Local agent availability for in-person assistance

Continuous Improvement Cycle

- Real-time user feedback collection

- Data-driven platform enhancements

- Regular security and feature updates

- Adaptive response to market needs

Regulatory Compliance

- Robust KYC/AML implementation

- Transparent operational reporting

- Commitment to regulatory standards

- Building institutional trust through compliance

This approach combines local human touchpoints with digital scalability to create sustainable growth while maintaining strong community connections and trust-building through personal assistance.

Current Traction and Momentum

Since being selected for the Stellar Kickstart cohort on May 3rd, RendBit has demonstrated rapid execution, delivering product, onboarding partners, and validating demand.

In just a short period, we’ve validated strong user interest and engagement, with real transaction volume flowing through our system, proving the demand for a better financial infrastructure across Africa.

Key Metrics

We have developed and deployed on mainnet (https://rendbit.com) our first version of RendBit had over;

• 165 Total Users

• +404 Total Send Transactions:

  https://finance.rendbit.com/#/traction

We accomplished full kickstart submission for July 4 (all four deliverables), just five weeks after receiving the funds on June 1st. All four deliverables of this project are ready and we are now on beta testing, allowing infrastructure operators to submit and track their project validations.

Our early users are actively engaging with the platform. With over 400 transactions completed, this shows real-world use cases, not just sign-ups.

Platform Engagement

• Transaction activity is growing, with noticeable spikes around key dates like April 17, reflecting user demand during promotional pushes or feature rollouts.

• Consistent transaction volume demonstrates the platform's utility even in pre-launch stages.

Community Growth

We are building not just a product, but a movement. Our early traction is also reflected in our growing community:

• 200+ followers on X (Twitter)

• 160+ sign-ups on our platform

• Active conversations in our Telegram group

  Users are already excited about the launch, with strong organic engagement.

• X (Twitter): @rendbit_

• Telegram: t.me/rendbit

Growing Anticipation

The data speaks for itself: there is clear early momentum, backed by transaction activity, engaged users, and a growing online presence. RendBit is already proving itself as a Stellar-powered financial platform that meets the urgent needs of millions.

X: https://x.com/rendbit_/status/1910422250224050247?t=Me7035u_1myJjouF7leD_Q&s=19

Here are Stellar Scan confirmation links for some of our active users Stellar addresses:

GD3JUIEYS5ICNKHPZFDCUZVMFB7WUVOKDAOXHW676IXICNKYZUNAKCZW
https://stellar.expert/explorer/public/account/GD3JUIEYS5ICNKHPZFDCUZVMFB7WUVOKDAOXHW676IXICNKYZUNAKCZW

GBWYENME76Z7A5PUUIEXPFS2RAFIEGM4AINLZRT7WG445TYYUTIXFHLY
https://stellar.expert/explorer/public/account/GBWYENME76Z7A5PUUIEXPFS2RAFIEGM4AINLZRT7WG445TYYUTIXFHLY

GD2IHUKRL5HIY3DIUA5YOBFNIEZVAX3W2HK35FHLQMESDVXJV5VUGFKM
https://stellar.expert/explorer/public/account/GD2IHUKRL5HIY3DIUA5YOBFNIEZVAX3W2HK35FHLQMESDVXJV5VUGFKM

Also check our the current traction form our traction analytics dashboard:

https://finance.rendbit.com/#/traction

DESCRIPTION

Develop the complete KYC provider integration and launch the RendBit’s cross-border payment platform. Core functionalities include:

• Custodial wallet system using Stellar account management

• User onboarding with SEP-10 for secure authentication

• Wallet recovery via session tracking and metadata

• Currency/token swaps using Stellar DEX

• Multi-factor authentication

• Payment request system using QR codes and links

• Multi-currency support via SEP-24 anchors (NGNC, GHSC, KESC, etc.)

• Basic dashboard for transaction analytics

• Cross-border payment flows using SEP-3 (initial architecture)

How to Measure Completion

• MVP live on staging environment with all features working end-to-end

• Users can register/login via SEP-10 and create custodial wallets

• Internal transactions using Stellar public keys and federation IDs

• Users can make payment requests and schedule recurring payments

• Swaps via Stellar DEX functional and tested

• SEP-24 deposits/withdrawals integrated with test anchors

• Basic dashboard shows transaction history

Estimated Completion Date:

2 months from approval

Budget Overview

Development Team

- Full-time engineering team for 2 months

- Backend and frontend development resources

- Core platform feature development, integration, and testing

Product Management & Quality Assurance

- Full-time product management coverage

- Comprehensive testing program with multiple testers

- Real transaction testing capabilities

- Milestone-based delivery structure

Design & User Experience

- UI/UX design services across the development period

- Complete design deliverables including wireframes, mockups, and final components

- Milestone-based design completion

Infrastructure & Operations

- Essential development and launch infrastructure

- Cloud hosting and database services

- Third-party API integrations and services

- Email services and domain management

Tools & Licensing

- Development and collaboration software

- Design and testing tools

- Code management systems

Total MVP Development Budget: $48,000

This allocation ensures delivery of a fully functional cross-border payment platform that aligns with Stellar ecosystem objectives and meets project requirements.

DESCRIPTION

The Test Phase focuses on thorough bug fixing, optimization, and final refinements to ensure the MVP is stable and ready for public use. The existing team of three developers will continue working part-time to address issues raised during internal testing and initial user feedback. Quality assurance is managed by the current product manager and part-time QA resources, with no additional testers onboarded.

Testing Duration:

Testing will last approximately 2 to 4 weeks following MVP delivery, allowing sufficient time for multiple testing cycles, bug fixes, and performance tuning without impacting the overall project timeline.

Team Composition and Roles

• Developers (3 total): Focusing on bug fixes, performance improvements, and polishing core features.

• Product Manager: Coordinates test planning, prioritizes bug resolution, and oversees testing cycles.

• QA: Part-time internal testers handle manual and regression testing within existing resources.

Payment Flow and Schedule

• Developer payments will be made based on hours worked and milestone completions during the test phase.

• Product management and QA compensation will continue monthly, tied to active participation in testing and validation.

Infrastructure & Tools

• Testing will be performed on the existing staging environment created during the MVP phase.

• No new infrastructure or environments will be procured or funded.

• Existing tools and licenses (bug tracking, collaboration, testing utilities) will be leveraged without additional costs.

Success Criteria

• All critical and major bugs in payment flows and core functionalities resolved.

• Regression testing confirms system stability and performance.

• Internal user acceptance testing completes successfully.

• The MVP is confirmed stable and ready for deployment to production.

Budget: 0

DESCRIPTION

Scale and launch the mainnet version of RendBit’s cross-border payment infrastructure, built on Stellar. This release will deliver production-ready features, enhanced UI/UX, compliance, automation, and robust infrastructure, serving as the foundation for global user adoption.

Features

• Company Registration in a compliant jurisdiction.

• Mobile App Deployment on Google Play Store and Apple App Store.

• Stronger Server Infrastructure for production-grade security and performance.

• Customer Support Systems including an AI chatbot and a support team of 4 agents.

• Live Multi-Currency Support with real-time liquidity, deposits, and withdrawals.

• Cybersecurity Expert to handle audits and implementation of protections.

• Mobile App Development Team consisting of 1 mobile developer, 2 backend developers, and 1 product manager.

• App Store Compliance and approval submissions to both Google and Apple.

• 3-Year Maintenance for developer accounts.

• Mobile QA Testing for quality assurance on all mobile functionality.

• Cross-Border Payment Flows using Stellar SEP-3 protocol.

• Scheduled and Recurring Payments with automation features.

• Multi-Signature Wallet System for enhanced wallet security.

• AI-Powered Automated Savings using Stellar stablecoins and user triggers.

• Multi-Language UI Support across mobile and web apps.

• Real-Time Notifications for transactions and account activity.

• Fraud Detection Engine based on ledger behavior and KYC metadata.

• Full KYC/AML Enforcement across the platform.

• PWA Optimization for a smooth, offline-capable experience.

• Admin Dashboard for analytics, fraud monitoring, and transaction logs.

• Exportable Transaction History (CSV, PDF).

How to Measure Completion

• App Deployment: Mobile apps fully functional and approved on both Google Play Store and Apple App Store.

• Cross-Border Payments: Users can send and receive money across countries using Stellar’s SEP-31 protocol.

• Multi-Currency Support: Real-time deposits, withdrawals, and balances available in multiple currencies.

• KYC/AML Compliance: All users must complete KYC, and the system must flag suspicious transactions.

• AI Support System: AI chatbot can answer at least 80% of user questions without human support.

• Fraud Detection Engine: Alerts and blocks triggered for any suspicious ledger or account activity.

• Admin Dashboard: Admins can monitor live transactions, run analytics, and export logs in CSV/PDF.

• Multi-Signature Wallets: Implemented and functional for all high-risk operations.

• Recurring Payments: Users can schedule automated payments with full control over timing and amount.

• Automated Savings: Users can enable savings rules and track their stablecoin savings.

• Multi-Language Support: System available in at least 3 major languages at launch.

• Push Notifications: Users receive real-time alerts on account activity and transactions.

• Successful QA Tests: 100+ test scenarios with pass rate of at least 95%.

• Customer Support: Average ticket resolution time under 24 hours, with daily support coverage.

Estimated Completion Time

3 months after testnet.

Budget Overview

Team

• 2 Backend Developers

• 1 Frontend Developer

• 1 Mobile Developer

• 1 Cybersecurity Expert

• 1 Product Manager

• 4 Support Staff

• 20 QA Testers (one-time payment)

Infrastructure & DevOps

Includes high-performance cloud servers, automated CI/CD pipelines, security tools, and cloud platform usage fees.

App Store Compliance & Deployment

Includes Google and Apple developer account setup and maintenance, legal documentation, and compliance handling for both platforms.

Company Registration

Covers legal entity registration, licensing, financial legal consultation, and compliance systems setup.

Total Budget: $72,000

Our Team

RendBit is driven by a dedicated team with a strong track record in tech, blockchain, product design, and community growth. Together, we’re building a financial system that works for everyone in Africa.

• Charles Mbaogu (Founder & CEO) — https://x.com/devcharlezen with 8 years of experience in software development and blockchain integration, Charles leads the vision, product strategy, and backend infrastructure of RendBit. He is deeply involved in the integration of Stellar SEPs and the development of cross-border payment systems.

• Amadasun Efosa Goodness (Co-founder & CTO) — https://x.com/Goudnexx A senior software engineer with over 10 years of experience, Goodness leads the technical direction of RendBit. He currently focuses on building and optimizing the backend of the Token Launch Pad using Soroban smart contracts.

• Igboekwulusi Franklin Chinedu (Frontend Lead) — https://x.com/frank_dev010 Franklin brings 5 years of frontend development experience and leads the development of RendBit’s user interface, ensuring the platform is smooth, accessible, and responsive.

• Golden Omoragbon (Design Lead) — https://x.com/GoldenOmoragbon Golden has 3 years of experience in UI/UX design and is responsible for crafting a seamless visual experience for users. He also designs RendBit’s branding assets and social media visuals.