Good day, I have some questions: 1. Could you please brief us on licensing side, although it's examined on LI. 2. Out of the loans you provide what is the NPL as numbers and volume as percentage? 3. Do you plan to implement crypto payments/purchases and when? 4. On LI is state...

Thank you Marin for your interest in Aladdin. Find below my response to your questions: 1. As an ecosystem Fintech platform, we leverage on the licence of our partners. For example, to offer financial services (Savings and Loans), we leverage on the license of our banking partner- Purple Money MFB. Also, to offer insurance and investment services we leverage on the license of our partners. As an ever- evolving ecosystem with a Pan-African ambition, this model is the best as it will allow us t...

Hi Darlington, I like what I have seen so far, well done!! Am very interested. Are you full time committed to Aladdin? What is the current salaries of the founder(s) and what will it be after the raise?

Thanks Boudewijn for your interest in Aladdin. To answer your question, I work full time for Aladdin and am currently on a monthly allowance of $1,750 per month. Other founders earn between $500 and $1,000 per month in allowances. Founders salary will be increased to a range between $3,000 to $5,000 per month after our current raise. We intend to focus a good percentage of the funds raised in aggressively acquiring new customers and establishing our product and brand.

When do you plan to offer multinational transactions?

We plan to offer multinational transactions by Q2, 2022. We intend to achieve via partnerships with licensed payment processors and gateways and other companies offering world class solutions

What are the investor perks? Wefunder shows the levels all as blank.

Hi Talanda, thanks for your interest in Aladdin and for your reservation. We have added the perks.

For how long do you think my investment will yield a return, and how will I withdraw if I wish to

Hi Esther, thanks for your interest in Aladdin and for your reservation. Investment in startups is a mid to long term affair. Investment return is usually tied to company valuation and share price appreciation and this may happen between 12 to 24 months or more depending on the startup. Some take up to 48 months or more for a liquidity event. You can choose to sell of your stake back to the company or to any other willing investor.

Aladdin Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

1

250K downloads, 0ver 160k Users, 40K+ loans, $2M+ in transaction volume

2

Over $300K in revenue

3

8 institutional investors: Plug & Play, Hatcher, LoftyInc, Expert Dojo at a valuation of $9M

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Over $700k already raised

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🤝 10 strategic partnerships secured

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💪🏿 Co-founder founding director of $2B unicorn (Opay) & CEO of Okash, 1M+ users, $120M+ disbursed

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💫 Team has a combined 48 yrs experience in financial services, ecommerce & technology

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$5B serviceable obtainable market (SOM), 60%+ of adults in Africa self-employed

Aladdin

Africa's Digital Bank

$105,000

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Aladdin- Connecting Africa Through Payments

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Aladdin- Connecting Africa Through Payments