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By HandlPay
TransferMole turns social media usernames into universal payment addresses to simplify P2P payments for non-crypto natives. It removes complexity from crypto routing and navigating on-/offramp steps.
TransferMole currently consists of 2 parts:
Part 1: Social payment directory- maps social media usernames to financial termination accounts (e.g. crypto address on any supported chain, bank account, debit card) Part 2: Payment routing network - provides available payment methods based on recipient's termination account
With the SCF Build Award, we would like to expand the payment routing network to Stellar's on- and off-ramp partners. This would provide people more localised payment options when sending and receiving payments with social media usernames. The SCF Build Award helps to launch the following additional features:
Feature 1: Offramp from embedded wallet
Feature 2: Pay social username with local payment option
Maybe in the future, but not in this submission
$60.0K
We expect to service 500,000 users by Q1 2025, across Web2 and Web3, who use their Telegram or social username to receive payments for the following use cases:
Ultimately, irrespective of the use case, our mission is to simplify global P2P payments by removing the need to understand crypto or cross-border payments. For us, success is when people start sharing their social usernames for one-off payment acceptance, especially around social commerce.
We just signed a partnership with YesCoin, one of the top rated Telegram games. This allowing us to acquire users at scale, ultimately tapping into +30 million Telegram users to turn their usernames to payment addresses.
Aside from this, our marketing & user acquisition strategy can be summarized as follows:
Target Audience
Channels & Tactics
Metrics for Q4 2024
Soft launched live product at app.transfermole.com Signed up ~1000 early adopters -> See export from Db
Scope/Deliverables:
Acceptance criteria: Ability to offramp $100 USDC to a debit card or bank account through a Stellar anchor partner
Est. completion: December 2024
Budget: $20,000
Scope/Deliverables:
Acceptance criteria:
Est. completion: January 2025
Budget: $20,000
Scope/Deliverables:
Acceptance criteria:
Est. completion: March 2025
Budget: $20,000
Our team consists of 6 people (4 full-time, 2 part-time) and has built multiple payment ventures with real-world use cases over the past 10 years. We started off in traditional payments, building one of the first social payment apps in Southeast Asia in 2015 (Cheers App) and then turned it into a wallet-as-a-service provider (Wallet Engine). In 2020, we were approached by clients asking about Web3 compatibility, which triggered our interest in blockchain. We share a common passion for social finance and together with our experience from peer-to-peer payments around real-world use cases.
Gregor, CEO
Previously built wallet infrastructure for super apps in Southeast Asia and launched Verso, an Insurtech project on the Avalanche blockchain. Prior Accenture.
Ivan, CTO
Full-stack engineer with 10+ years of experience in developing fintech and blockchain solutions in high-load environments.
Carina, CMO
Seasoned marketing and community lead for Web3 projects, DeFi and launchpads.
Barry, COO
Built the first wallet for a telecom operator in the 90s and scaled it to 3.5 million users. Barry brings a vast industry network with 20 years of experience in payments and financial service regulation.
Gregor Arn
No other submissions.