QUICK FACTS:
- We are alive and making progress!
- Total number of downloads- 251,459
- GMV- $100 Million+
- Customer Churn- 20.2%
- Team – 45 (3 interns, 10 part-time and 32 full-time employees)
- Cash - $36,000 (N33.1 Million)
- Monthly Burn rate- $15,200 (N14.5 Million)
- Total loan Booked- $1 Million (Cumulative & Recurring)
- Revenue- >$350,000
QUICK UPDATES:
We will be launching the new Aladdin Global App by mid October 2023- in a few weeks. The new App is designed to provide payment and trade solutions to African businesses and Individual hustlers- Freelancers and Gig Workers.
https://drive.google.com/file/d/1m8gXiwBMu9jIYV9SrD82Bs_sH4iYhzUJ/view?usp=sharing
Highlights of the New Global App
The new Aladdin Global App will be the first Fintech App in Africa to provide full service Payment and Trade solutions to both individuals and businesses across Africa. Beyond enjoying multi-currency collections and payouts, Business Account subscribers will have access to tools to manage their business such as- Team & Payroll Management, Vendor Management, Invoice management and Bulk payment, Account and Tax Management, Business loans and rewards.
The new Aladdin App goes beyond providing global payments infrastructure (Fiat and Crypto) and business tools to facilitating P2P and B2B connections via our multi-currency, multilingual marketplace and Social Community.
On Aladdin, every customer (Individual or Business), has a unique profile and customizable page that allows other users to search and connect with them for payment or trade.
Our Revolutionary product known as Payconnect is the first multi-currency P2P payment marketplace which facilitates Global Remittance and Cross border payments between different currency pairs without actual movement of funds across borders. Payconnect will revolutionize cross border payments and trade by connecting local businesses in Africa with Africans in Diaspora who need specific currency Pairs.
In Partnership with Pan-African and local banks in different jurisdictions, Aladdin provides regulatory compliant onboarding and local bank accounts for easy and cheaper collections whilst also providing global infrastructure for cross-border payments and Remittance.
Our goal is to make payment seamless and cheaper across Africa via our wallet to wallet payments and by aggregating and facilitating interoperability between different payment channels and banks across Africa.