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By SFx Super Money app
The easiest way for foreign residents in Turkey and Cyprus to receive money and spend overseas, powered by Circle’s USDC and EURC
SFx Super Money app food and grocery delivery marketplace built on the Stellar Network.
Onboarding of both individual and business vendors from Turkey and Cyprus through our Web-application platform.
Onchain, Decentralized Ledger: All payment activity on our marketplace is recorded on the Stellar Network, an ultra-fast, very cheap blockchain, ensuring a secure and transparent decentralized ledger.
Stellar Wallet Support: We provide only support for Stellar wallets for vendors, enabling both individual and business vendors to manage their funds directly.
Turkish Lira On/Off-Ramp: We facilitate easy and efficient on/off-ramps for the Turkish Lira, allowing Turkish and Cypriot businesses to convert Turkish Lira to USDC on the stellar network and vice versa.
Turkish Lira Cash-Out locations: We provide a seamless and efficient cash-out service for USDC, on the stellar network, allowing foreign residents and businesses in Turkey to easily withdraw Turkish Lira. Our extensive network includes over 30 licensed crypto-merchant locations across the country, where you can convert USDC on stellar network to physical cash at no extra commission.
Maybe in the future, but not in this submission
$55.0K
1. Over 10,000 SFx money app users by December 2025, adding more value to the SFx Network.
2. More than 25 food and grocery options across 10 major cities in Turkey validating the value on our Super money app and growing the stellar network community in Turkey and Cyprus.
3. Over 100,000 orders 3 months post launch, further validating our thesis that selling where your customers live increases your revenue.
Our initial target market is the large community of foreign residents from Africa living in Türkiye and the EU (Cyprus). We are starting with collaborating with major universities that have significant African student populations.
Our go-to-market strategy focuses on delivering clear value through the SFx Money app to foreign residents in Türkiye and the EU (Cyprus).
Local Product
Marketing: _Deploy physical advertising materials
at airports, bus-stations, university school buses, in-collaboration
with taxi services, on busy road-sides, at popular super-markets and tourist spaces, targeting migrants and foreign residents in the EU (Cyprus) and Turkiye.
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Building value in specific markets: Enable local payments and local money transfers in target countries through partnerships with local banks, that may include issuing local accounts to our users in our target countries. _Enable food and grocery businesses in Türkiye and Cyprus to accept USDC payments through SFx usernames, receive in-app orders from SFx users, promote their services on the Discover Marketplace, and get settled in Turkish Lira seamlessly.
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Community engagements: Organize onboarding events, seminars and hackathons at local international focused universities in the EU (Cyprus) and Turkiye, in collaboration with international social organizations, international football clubs, international sport personalities in Turkey (Victor Oshimen), local clubs, student societies and financial institutions that are stablecoin friendly.
Mobile app on iOS, Android, and Web launched in December 2024.
We have grown to over 3100 users as of July 31st, 2025, with over 1,700 active monthly users in July 2025 since launching in December 2024. An over 800% growth rate in 7 months from 320 users in December 2024.
B2B Partnership and Commercial partnership with Africa’s Most Regulated Digital Currency Payments Provider Yellowcard inc.
Processed over $300,000 in payments from May 2025 to July 2025
Processed over $1,100,000 all-time in USD stablecoins for payments such as Tuition, Rent, and Allowance.
_Partnership with Visa Principal member, Rain, a web3-native card issuing and payments platform, to issue onchain credit cards powered by USDC and EURC
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_Partnership with identity verification provider, SumSub
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_Secured a partnership with Circle Inc. (issuers of USDC and EURC), accepted into the Circle Alliance Program in April 2025, and awarded the Circle developer grant of up to $100,000 in May 2025.
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_We Got accepted into the Stellar KickStart Program, Graduated the program as a top team, and received $10,000 in XLM grant from the Stellar Community Fund.
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_B2B partnerships with 30 licensed crypto-merchant brick-and-mortar businesses across Turkey, enabling physical cash collections and settlements in Turkish Lira, US Dollars, Euros, Pounds, and USDC.(This is also a feature of the Marketplace on the Money app).
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5 food-delivery vendor agreements in Turkey, enabling integration with the SFx Money App ecosystem. These agreements allow vendors to receive payments in USDC, on the stellar network, for food deliveries, while SFx users can conveniently order and pay for food directly through the SFx Money app (This is a feature of the Marketplace on the Money app).
Tranche 1 (Deliverable Roadmap) - MVP
===============================================
Month 1, 2, 3, 4, 5 : Minimum Viable Product (MVP): $30,000
User Story:
As a food delivery vendor or grocery delivery vendor in Turkey or Cyprus, I want to visit the SFx Money app website, and access a landing page where I can learn about the benefits and opportunities for me as a potential vendor on the SFx Money app and access sign-up or login options.
How do we achieve this?:
We will design a responsive landing page using modern UI frameworks (e.g., Tailwind + React js). This landing page will introduce the SFx money app, the potential market reach as a vendor on the SFx money app, opportunities available, and guide a vendor in creating an account.
We will Include call-to-action buttons for “Register” and “Sign In.”
* Register for new vendors
* Sign In for returning vendors.
Date of completion : 1 week
Budget : $1,000
User Story:
As a food delivery vendor or grocery delivery vendor in Turkey or Cyprus, I want to register as an individual or business, and log in securely using credentials (Paskeys), 2FA, and social logins.
How:
We will create forms for registration with paths for individual vendors (SFx Money app) and business vendors.
Use email/password authentication with a secure backend.
Add 2FA via TOTP (Google Authenticator or Authy).
Implement OAuth 2.0 for social login (Google, Apple), enabling future recovery.
Store user sessions securely and manage roles (user, business, admin).
Date of completion : 1 week
Budget: $1,000
User Story:
As a food delivery vendor or grocery delivery vendor in Turkey or Cyprus, I want KYC as an individual or KYB as a business.
How:
Using the Stellar KYC anchor Sumsub, we will KYC individual vendors and KYB business vendors in Turkey and Cyprus.
Integrate Sumsub SDK/API for KYB workflows.
Collect and submit required documents (business license, ID, etc.).
Store verification results on DB and show status in the admin dashboard.
Date of completion : 3 weeks
Budget: $6,000
User Story:
As a registered individual vendor user or business vendor user, a custodial wallet will be created for you, this custodial wallet is to receive and store payments from SFx money app users, who place orders via the SFx money app market-place, for either food or grocery.
The wallet is a USDC wallet, and it is where, vendor payments will be received, and stored.
How:
We will automatically generate Stellar keypairs on registration, in an AWS secure environment.
We will use Stellar SDK to issue and manage these USDC custodial wallets.
We will encrypt private keys, store securely on AWS Secrets Manager and associate them with a specific individual user or specific business.
We will also experiment with Key storage using Hardware Security Modules HSMs for secure Encrypted Key Storage.
Date of completion : 1 week
Budget: $5,000
User Story:
As an individual vendor user or business vendor user, I want to view and update my profile with relevant information.
I want to advertise my business offerings, such as food or groceries, i want to collect orders from SFx money app users, track the order request, take action, track payments in USDC and have a unique business name
How:
We will create a secure business profile UI on the SFx money web platform for vendors(editable fields: name, user_name registration number, bank details).
Require re-verification if sensitive fields are modified.
Store data in a backend DB with updated audit logs.
Create an order tracking UI to view food or grocery delivery requests from SFx money app users in Turkey and see associated payment for said orders.
Enable business to upload high-quality images of business inventory and to improve on the quality of these images using Artificial intelligence tools provided on the business platform.
Include function to approve or reject an order with automated refund system
Date of completion : 3 weeks
Budget: $3,500
User Story:
As an individual vendor user or business vendor user, I want to view my digital shop, in the SFx money app marketplace section, view my offerings, and experience the user-experience when an SFx user makes an order request.
How:
Create a marketplace section on the money app
Create a UI for Business inventory to be displayed
Enable users to view information about the business inventory on display
Enable Money app users to place orders for the business inventory on display.
Enable Money app users to track their orders.
Create a rating system, for money app users to rate their experience 30 minutes after order requests
Integrate AI tools on the SFx money web-app (e.g gpt-image-1 model via API) to help business vendors improve inventory appearance with AI.
Date of completion : 4 weeks
Budget: $4,000
User Story:
As an individual vendor user or business vendor user in Turkiye or Turkish Republic of North Cyprus, I want to sell USDC for Turkish Lira via SFx Payment Ramp.
Current Integration:
MVP: https://youtube.com/shorts/Rf05hQ5IYnE (Current)
V2: We will remove the whatsapp confirmation step, and maintain an in-app native withdrawal experience
How:
Make a request UI on the SFx Money app
Offer Turkish lira input and status tracking
Request is received on the SFx Admin Dashboard.
Payment collection and settlement is confirmed, and initiated manually by Admin.
Date of completion : 2 weeks
Budget: $ 3,000
See: https://admin.sfxchange.app/
User Story:
As an admin, I want to monitor user registrations, KYB status, wallet activity, and transaction logs.
How:
Integrate data from user DB, KYB provider, and Stellar SDK for transaction monitoring and wallet management.
Provide filtering, search, and export functionality.
Date of completion : 1 weeks
Budget: $3,500
Interactive Map of licensed crypto-merchant locations in Turkey.
User Story:**
We provide a seamless and efficient cash-out service for USDC on the stellar network, allowing foreign residents and businesses in Turkey to easily withdraw Turkish Lira. Our extensive network includes over 30 licensed crypto-merchant locations across the country, where one can convert USDC on the stellar network to physical cash at no extra commission.
How:
We will create an interactive map, in the discover section, showing available, licensed crypto-merchants, depending on the city selection, distance to location, contact details, supported stablecoins and fiat options.
Each licensed crypto-merchant can be contacted, using contact information provided
We will enable advance withdrawals, and information sharing with licensed crypto-merchants (Via Whatsapp business API) to further ease the off-ramp experience.
Date of completion: 3 weeks.
Budget: $3,000
User Story:
On the SFx money app web-app, a vendor, individual or business, a money app user, would be able to view a map of supported vendors in Turkey and Cyprus, and also view generaln world-wide stellar anchor locations
**
How:**
We will create an online landing page, on the money app business platform, displaying food and grocery delivery vendors on the stellar network.
We will Integrate additional stellar maps such as the Stellar Anchor Directory.
We will enable the general public to rank the experiences with these visual or physical anchor locations.
Budget: $5,000
Date of completion: 3 weeks
Target: 100K visitors monthly.
Month 5&6 : Pilot Launch : $10,000
User Story:
As a food and grocery vendor in Turkey, i will be able to create an account on the SFx money web-app https://www.sfxchange.co/en/signup , receive a stellar custodial wallet to collect USDC payments, and be able to add images and descriptions of my food or grocery offerings, include prices for each inventory, have my digital store visible on the SFx money app discover marketplace section and start collecting payments.
How:
Create an account as a first time business using social logins, and configuring a 2FA for added security.
Complete Know Your Business on the business platform.
Receive my Stellar USDC address.
SFx Money app will take high definition photos of product inventory and provide AI tools (e.g gpt-image-1 model via API) to help business vendors improve inventory appearance
Begin uploading images and include inventory descriptions.
View my store on the SFx money app discover marketplace.
Budget : $10,000
Target: 5 Food and Grocery vendors
Date of completion and launch : 2 Weeks.
**Month 6: Full LAUNCH and growth: $15,000
**
User Story:
As a food and grocery vendor in Turkey, i will be able to create an account on the SFx money web-app https://www.sfxchange.co/en/signup , receive a stellar custodial wallet to collect USDC payments, and be able to add images and descriptions of my food or grocery offerings, include prices for each inventory, have my digital store visible on the SFx money app discover marketplace section and start collecting payments in USDC or Turkish Lira.
How:
Create an account as a first time business using social logins, and configuring a 2FA for added security.
Complete Know Your Business on the business platform.
Receive Stellar USDC wallet, for USDC custody on the Stellar Network.
SFx Money app will take high definition photos of product inventory and provide AI tools on the SFx money web-app (e.g gpt-image-1 model via API) to help business vendors improve inventory appearance.
View my store on the SFx money app discover marketplace.
Collect payments denominated in Turkish Lira and receive USDC in exchange in my USDC stellar wallet.
Budget: $10,000
Target: 15 Food and Grocery vendors
Founder: Martins Chiwenyte Chidume, CEO: BSc from Eastern Mediterranean University, with over 3 years of crypto trading experience and transactions over a Billion Naira on P2P marketplaces. Founded an E-commerce startup called “sleepaura” during the pandemic. Head of Operations, Head of Product, Product manager and Ui and Ux Designer at SFx.
https://www.linkedin.com/in/martins-chidume-5a6277214/
Co-Founder: Peter Japhet, CTO: BSc graduate from Eastern Mediterranean University, Best Graduating Student, Faculty of Information Technology, 2023. Founding team member and Backend developer at an e-commerce startup from 2022-2023. A full-stack developer with 5 years of experience in React, Next.js, and Node.js. Head of Sales in SFx.
https://www.linkedin.com/in/peter-japhet-663b85173/
Co-Founder: Kolawole Muqaddis, Head of Design and Marketing: BSc Cyprus International University, Artificial Intelligence. Founder of InBrand Pr and co-founder of InTECh. An avid graphic and brand designer.
https://www.linkedin.com/in/muqaddis-kolawole-586595230/
Lead Backend and Blockchain Engineer: Stephen Ubanawa: BSc in Computer Science with experience as Lead Blockchain and Backend Developer at TRENDX, and former Lead Blockchain Engineer at XEND Finance, where he led the development of a Real World Asset (RWA) blockchain focused on tokenizing real-world assets for African financial institutions. Currently serving as Lead Blockchain Developer at SFx for 1 year.
https://www.linkedin.com/in/stephen-udeh-06547a1a0/
Developer Operations Security Engineer: Curtis (Damiete) Crentsil : Current Chief Technology Officer at Trendx, ACNS Aptech Certified Network Specialist, Aptech Certified Cybersecurity Technician (CCT), and Aptech Certified Ethical Hacker (CEH). Currently Backend Security engineer at SFx.
https://www.linkedin.com/in/curtis-crentsil-a76800208/
Technical Advisor: Chuck Lam, CEO of Ripe.Money: PhD from Stanford University, a serial founder with multiple exits. He founded Rollcall, achieved >1M MAUs in under a year’s time and was acquired by StubHub. He founded BlockchainIntel, a crypto analytics and forensic accounting business, and was acquired by Appdome.
https://www.linkedin.com/in/chucklam/
Frontend Developer Team
Lead Web Developer: Leonard Ogbaje :https://www.linkedin.com/in/ogbajeleo/
Lead Mobile Developer: Valentine Henry: https://www.linkedin.com/in/henry-valentine-a3443822b/
Lead Admin Developer: Joel Ikenga: https://www.linkedin.com/in/joelikenga/
Acor
Henry
Muqaddis Kolawole
Ogbaje Leo Arome
Peter Japhet Okpanachi
Joel ikenga inyama
Stephen Udeh
Martins Chiwenyte Chidume
No other submissions.