Photo - Zendz
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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
Rating
equalizer from 2000
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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

Market

B2C = Migrant worker , diaspora, traveller and Student.
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 )

Advantages or differentiators

fast transfer process in just minutes
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

Business model

B2C and B2B
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

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

Photo 1 - Cross Border payment

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