Photo - Epoint
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Epoint

We move offline sellers online

Azerbaijan
Market: Financial services
Stage of the project: Operating business

Date of last change: 28.03.2023
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Idea

We are an online payment aggregator andf ecommerce platform for SMEs

Current Status

We have more than $10 million in tyransactions and more than 300 B2B customers with 0% churn

Market

Ecommerce market in Azerbaijan is estimated at $6billion in 2023. Every business man who is selling or willing to sell online is our potential customer.

Problem or Opportunity

It is very hard to start selling online in our region. Bank bureaucracy and prices for online sales web site development are extremely high. Additional technical knowledge and a bunch of time is needed just to start accepting online payments

Solution (product or service)

We are an online payment aggregator and ecommerce platform for SMEs. We move offline sellers online within minutes. After a 3 minute online registration every seller can start accepting a wide range of online payments through our solution. All they need is a tax id and a bank card.

Competitors

On global market our top competitor is STRIPE and Paypal. Regarding the local market, there are two companies providing almost the same service as we do, but without so many features of our product.

Advantages or differentiators

Our brand awareness is very high and customers are happy to refer the other sellers to us. We are fast, secure and very flexible, thats why many startups inour region are willing to work with us. also we are well known in the Caucasus region due to our participation in many startup programs and events such as TAKE OFF 2022 (2nd place), ASTANA HUB BATTLE 2022 (semi finalists), MOST VC acceleration program in Almaty (ongoing) and 500 Globnal acceleration program and demo day

Finance

Till the end of 2023 we aim to double our revenue and the number of paying customers. Thy we expanded our sales team.

Business model

We apply a hybrid business model, transaction fees and subscription fees

Money will be spent on

Scaling to neigbouring countries (GEORGIA, UZBEKISTAN, KAZAKHSTAN)
Improving the product

Offer for investor

Valuation $5 million - 10% equity for $500k

Team or Management

Risks

Online payments matrket is expanding ennormously and the only scenario why our musinees would not work is a total rejection of online payments. We are basicaly STRIPE from and for Caucasus region. We can easily expand to any country.

Incubation/Acceleration programs accomplishment

500 Global acceleration program held in Tbilisi, Georgia in 2022-2023

Won the competition and other awards

TAKE OFF 2022 (2nd place)
ASTANA HUB BATTLE 2022 (semi finalists)

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation