Text'nPayMe

Text'nPayMe is a banking keyboard that enables banks’ clients to send money in any messaging application, plus in any other application where they can find an input field.

We have already a working Android & iOS applications.
Also we have a signed agreements with a pan-european financial institution and with an Armenian bank. We are in the technical integration process with both of them. Under the terms of the agreement, we will provide them our keyboard and we will share the revenue from every transaction executed via our keyboard.
We have closed our pre-seed round and currently looking for the seed round.

B2C - 16-40 years old, active users of social media and messengers, medium and large companies' employees, users who regularly make online payments and money transfers.
Targeted regions are: CIS, EU, Latin America and Asian emerging countries.

B2B - SMEs which are selling their goods and services through social media and messengers. SMEs can increase their sales for more than 30% by monetizing time which users spend in the messengers by being able to receive payment right in social apps, again, without worrying which platform they use.

All the conversations about money are not happening in the banking apps, or e-wallets, but - in the social apps. Every time, you need to do a simple transaction, you have to leave the chat window, enter the mobile banking app, or e-wallet, pass the authentication, fill in the receiver’s information, do the transaction.
Time is money and unfortunately this flow is more time-consuming compared to what we offer: less steps yet the same result.

The solution would be the bridge to connect messaging apps, banks and SMEs.
Text'nPayMe is an e-wallet app (with its own payment keyboard), which allows you to make instant P2P transactions directly in any messaging app (WhatsApp, Viber, FB Messenger, Telegram, etc.).
With the help of our product all you need to do is - type the receiver's name, the amount you want to send and that is it.
Without needing to integrate with messaging apps our solution works anywhere, where you can open a keyboard. Like other e-wallets you just need to download it, sign up and make a replenishment.

Our closest direct competitor is PayKey (Based in Israel). PayKey is a tech company which sells white label payment keyboards to banks and telecom companies.

Also there are hundreds of mobile banking apps, that enable us to send money.

Our key differentiators are:
1. They (PayKey) sell only white label to financial institutions and telecom but not going to B2C sector.
2. B2B model for SMEs (restaurants, cafes, e-commerce, online gambling, etc.).
3. Business model which lets us generate more revenue.
4. Our solution is flexible enough to require no integration and does not depend on the community (e.g. users bank).

1. Commission fee of 1-1.5% from wallet to card and wallet to bank account transactions.
2. Transaction packages for in-wallet transactions.
3. Commission fee of 2-2,5% from SMEs․

We consider to sell transaction packages (100, 200, 500, 1000 transactions) as the main business model. 100 transaction package prices will be different from country to country.

Marketing channels:

Social media marketing (Facebook, Instagram, WhatsApp, Messenger);
Website content, blog;
SEO;
Content marketing;
Referral programs;
Participation in industry events, conferences, trade shows, etc.;
Articles in newspapers, other relevant blogs.

The funding will be spent on development, marketing and administrative costs.
Development: iOS development and finalizing the first version of the product;
Marketing: the big portion of marketing costs for the first year will be spent on marketing campaign, referral program and social medias;
General and administrative: salaries, legal and other consulting costs.

For the USD 150,000 investment we are ready to offer the investor 10% share of the company.

The main risk is the absence of the electronic money institution license (EMI), but we are covering it by cooperating with already licensed financial institutions (providing them our keyboard or entering a market under their license).

In 2020 we have participated in the Startup Wise Guys' online acceleration program. In 2022 we have participated in the NEXT Fintech acceleration program.