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PayCruiser® is a better way for businesses to pay and get paid by the unbanked worldwide. It's simple, fast, secure, and accessible. We enable companies to:
1- Receive payments from the unbanked anywhere
2- Allow the unbanked to send and receive funds anywhere, anytime
3- Provide an inclusive and reliable digital banking experience via mobile
Our current product offerings with live B2B customers are:
1- Digital Payments
2- Cross-Border Wallet
3- Fraud Prevention & AML Compliance Tools
Here is a short demo video: Watch Demo
We've completed production-market fit with great feedback from customers. Our solution is also now integrated with banks and telcos in West Africa.
PayCruiser is now live and generally available and operating in two continents with business customers and government agencies as paying clients.
Some of our recent traction include:
1- B2B Payment processor for Medsnow, a medical billing company with over 800 active merchants. The actual minimum yearly transaction volume is $12M/yr.
2- Contract with Orange Mobile to process cross-border payments to 360M users in Africa. This partnership's estimated transactions volume is $6M/year (per sub-merchant. We are currently under contract with one sub-merchant).
3- White label partnership contract with BNB (a remittance company processing over $200M/yr) to process cross-border digital payments for their merchants in Senegal. This partnership's estimated transactions volume is $4M/year.
4- White label contract with Senegal Government's Housing Authority to power monthly mortgage/lease payments for 78000 users processing on average $250 monthly payments on a 15-30 years mortgage plan per client.
5- PayCruiser built Africa's first mobile money payments terminals and signed a rev-share partnership with Banque Régionale des Marchés to provide these payment terminals to businesses in the West African Economic and Monetary Union. Currently, the solution processes around $8k per week of operation.
West Africa: We will be the default merchant processor for businesses in West Africa.
USA: We're going to blitzscale PayCruiser to +15M USD processing volume per month
Cross-Border: Leverage the stellar network, to become an anchor in West Africa and enable our clients from the American diaspora to send money anywhere in West Africa, using stable USDC coins.
To integrate with Stellar (SEP-031, SEP-012, SEP-010), we need 40,500.00 EUR to complete the initial MVP, Root Wallet. Project breakdown will be as follows:
Ousmane Conde (technical founder) has built and led information retrieval and A.I. teams for Fortune 100 companies (Europe & the USA) and has led a diverse group of senior software engineers and mobile developers for the past 15 years. In 2015, he received the Black Engineer of the Year Award, Modern Day Technology Leader. Growing up in West Africa, he was raised by a single mother and self-funded his education from high school to grad school while supporting his family. At 18, he founded his first company and led another tech startup to become a top 20 most promising Big Data Solutions provider in the USA. Ousmane is a two-time Google Scholar and has received 12+ degrees and certifications in Computer Science and Leadership (UCLA, University of Lyon, Florida Memorial University, California Polytechnic, Pomona). He has paused his graduate studies at Harvard to focus on PayCruiser.
David Galvan (strategic adviser) is a payment, technology, and internet veteran with over twenty-five years of business and operational experience in Silicon Valley. He is currently V.P. of Digital Partnerships and Start-Up Engagement for MasterCard International. He focuses on digital partnerships, alliances, mentorship, and investments with emerging companies in the Fintech space. Before that, Galvan was Senior Vice President of Business Development and Strategy for 24 Hour Fitness, the largest privately owned U.S. fitness club chain in the United States, serving nearly four million members in more than 420 clubs. Before 24HF, Galvan was the President/Head of B.D. at Schedulicity, a leading online scheduling service for appointment-based businesses. Galvan has also held senior leadership and operating roles at Topix, InfoGroup, Yahoo, AOL/Netscape, and Motorola. He is a frequent speaker on the Payments and Innovation, Digital Commerce, and Marketplace scene. A native Californian, Galvan is a graduate of Stanford University.
* The amounts shown are budget requests and not (yet) granted to the projects. During the Community Vote phase, voters can indicate whether the project deserves the amount it's asking for (budget request). The total pool of XLM available for SCF#11 is 8M XLM. SDF will allocate the XLM equivalent of the specified USD budget of the submissions with the most votes in descending order of rank until the earlier of (i) the XLM Pool is fully distributed (ii) there is not sufficient XLM remaining in the XLM pool to fully fund the next ranked submission or (iii) there are no remaining eligible submissions. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
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