Unplex is an AI powered, peer-to-peer payments platform that allows 50 Mn migrants in the US & Canada make real-time payments using their preferred chat app e.g. WhatsApp & iMessage.
Current Status
1. MVP ready, beta tested with 600+ users
2. 2000+ waitlisted, 600+ onboarded users
3. All partners signed and tech integrated – only bank partnership pending
4. Policies and procedure manuals ready
5. Marketing flywheel ready, partners signed and VISA co-funding secured
Problem or Opportunity
1. The user has to switch apps between conversations and payments. All the conversations between the sender and receiver are today on WhatsApp but payment is not.
2. There is no single payments solution for migrants. The user has to sign up to multiple payment solutions to manage payments in local country, cross border and home country
3. Payments are error-prone & high friction transfers due to lengthy bank & receiver details
Solution (product or service)
First, Fast & Fair P2P payments over WhatsApp by merging communication with payments.
Business model
Earn revenue through fee and spread on exchange rates.
