play_arrow
View
49767
Zendz
Cross Border payment
Indonesia
Market: Financial services, Blockchain, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 11.10.2020
Indonesia
Market: Financial services, Blockchain, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 11.10.2020
Idea
Zendz is a cross-border money transfer service for individuals who work abroad easily, quickly, safely, affordable prices , transparent and support Multi-Product using mobile apps, supported by blockchain technology as a core system. Focusing on the Indonesian market for initial penetration, specifically the Indonesian migrant worker community, and secondly in the ASEAN , east asia and Middle east market region.
Current Status
200 person user validate
GTV 28.000
GMV 634x
Revenue 300
GTV 28.000
GMV 634x
Revenue 300
Market
B2C = Migrant worker , diaspora, traveller and Student.
B2B = SME Company
B2B = SME Company
Problem or Opportunity
help overcome problems in sending money such as fraud prone, time-consuming money transfer process, having to go far to the place of money transfer, long queues, expensive costs and not being able to access 24 hours if there is a sudden need.
Solution (product or service)
with our solve the problem has over
Competitors
Transfez
Top remit
Wallex
Transferwise
Instarem
send money agency ( individual )
Top remit
Wallex
Transferwise
Instarem
send money agency ( individual )
Advantages or differentiators
fast transfer process in just minutes
Mobile apps support 24/7 ( Time and Location)
Service Fee, FX rates ( 0.9%/transaction)
Mobile apps support 24/7 ( Time and Location)
Service Fee, FX rates ( 0.9%/transaction)
Finance
1. Fee Transfer ( Local )
2. FX margin transaction ( International/FX Cross border )
3. Fee margin selling Bill's payment
4. Fee Margin Digital money ( paypal and Virtual Credit Card)
5. Cash Machine Selling to merchant.
6. Cash Margin Share profit margin
2. FX margin transaction ( International/FX Cross border )
3. Fee margin selling Bill's payment
4. Fee Margin Digital money ( paypal and Virtual Credit Card)
5. Cash Machine Selling to merchant.
6. Cash Margin Share profit margin
Business model
B2C and B2B
Channel : Community Partner, indo Traveller, Migrant worker Community agency and Diaspora network.
Channel : Community Partner, indo Traveller, Migrant worker Community agency and Diaspora network.
Money will be spent on
technology infrastructure, operating, legal and marketing
Offer for investor
Convertible Note or Equity Share
Team or Management
Risks
Cyber crime
1. Data Center has disaster and trouble
2. System not function
3. Outbreak another virus
4. products are misused for money laundering and terrorism financing purposes
4. failure in marketing acquires users
5. The product is no longer in demand by users because it is unable to compete in the market
6. the emergence of new technologies
1. Data Center has disaster and trouble
2. System not function
3. Outbreak another virus
4. products are misused for money laundering and terrorism financing purposes
4. failure in marketing acquires users
5. The product is no longer in demand by users because it is unable to compete in the market
6. the emergence of new technologies
Incubation/Acceleration programs accomplishment
Dailysocial and Young Entrepreneurship Leadership Program - Bank Indonesia Institue.
Won the competition and other awards
Finalist top 50 year 2019 : Young Entrepreneurship Leadership Program - Bank Indonesia Institute.
Invention/Patent
Still Progress in year 2020
Photos
Product Video
Presentation
Sign in/Sign up