Baia is a collaborative commerce platform that manages transactions with messaging & is the source of trust in informal markets.
Current Status
Live in Kenya and Bangladesh.
Currently doing 10 MRR with target of 200K MRR by Dec 2023.
String pipeline of customers and growing fast.
Partnering with Standard Bank in Africa.
Partnering with Mastercard - Mastercard Lighthouse Global Scale
Problem or Opportunity
Emerging Markets are chaotic:
Assets people and value are:
- Unverified & Undocumented
- Corrupt corporations sell fake and unverified products
Unstructured & Informal
- Shady middle men skim off profits and margin
- Face-to-Face, Analogue & Cash-Based
- No record of who has paid for what
WHO CAN BE TRUSTED in the informal market supply chains?
Solution (product or service)
BaiaNet: a trusted commerce network built on trust that manages transactions using messaging, and provides data insights on even the thinnest devices. Low tech front end. - high tech backend.
Business model
We charge corporates a Network Access Subscription Fee (SaaS) of 1.5% of GMV. Small entrepreneurs get it for free initially - but by trusted private invitation only. We then charge data services fees when they are established with min GMV
Incubation/Acceleration programs accomplishment
Antler Stockholm www.antler.co
Founders Factory Africa scale program with Standard Bank
