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Venmob Pay

Social payments

USA, California
Market: Financial services
Stage of the project: Operating business

Date of last change: 17.09.2024
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Idea

Venmob Pay simplifies transactions with a seamless, secure payment platform for businesses and individuals in the social way.

Current Status

Venmob Pay has gained traction with 10,000 users, including 2,000 paid subscribers. This strong initial adoption demonstrates market interest and validates our payment solution's appeal.

Problem or Opportunity

Venmob Pay creates a new payment network by integrating SWIFT and BRICS systems in a socially-driven manner. It offers a single payment card for both USD and foreign currency transactions, simplifying global payments.

Solution (product or service)

Venmob Pay solves the payment complexity problem by offering a unified payment network that merges SWIFT and BRICS systems. Our solution provides a single payment card that supports both USD and foreign currency transactions, streamlining global payments and enhancing financial flexibility for users.

Competitors

no ones we are creating a new payment network that combines swift & brics in the social way.

Advantages or differentiators

1st social payment super app

Business model

Venmob Pay operates on a subscription-based business model. We generate revenue through:

1. Monthly/Annual Fees:Paid users subscribe for premium features and services.
2. Transaction Fees: A small fee is charged per transaction for currency conversions and payments.
3. Partnerships & Integrations: We collaborate with businesses and financial institutions for integrated payment solutions.

Money will be spent on

Go to market strategy, and operations expansion

Team or Management

5,00
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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