Switzerland
Market: Internet and IT, Financial services, Blockchain
Project stage: Operating business
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Idea or High Level Concept
AIDONIC is a fintech for the public sector, enabling NGOs and Governments to seamlessly transfer financial aid in over 200 countries with real-time tracking and end-to-end transparency.
Traction and Current Status
AIDONICs digital platform was launched in September 2021. To date we signed 14 agreements with the world's largest organizations such as the WFP, UNICEF and NRC as well as piloting with the Swiss Government Agency for Development and Cooperation.
Problem or Opportunity
There is a great need for humanitarian aid innovation. Many NGOs lack connected digital tools to manage programs and transactions efficiently and at low-cost, ensuring full transparency.
Donors usually do not know how their donations are being used.
Therefore, their trust in the humanitarian work of NGOs and charities is low, and thus, their willingness to donate is limited.
As a result, the donations for beneficiaries are not distributed and humanitarian aid is not provided.
Solution
AIDONIC enables NGOs, governments, and charities to manage and transact cash and digital vouchers in bulk to recipients in +200 countries instantly at lowest costs, with real-time tracking through blockchain technology, using one platform for all activities.
Business Model, Chanells, Metrics
Transaction fee based on payments processed.
Annual subscription fee to use the platform features.